$225,000 House For Sale
1 bed, 1.0 bath, 750 sqft
The median home value in Salt Lake City is $228,700. Salt Lake City home values have gone up 5.6% over the past year and Zillow predicts they will rise 1.5% within the next year. The median price of homes currently listed in Salt Lake City is $299,700. The median rent price in Salt Lake City is $959, which is lower than the Salt Lake City Metro median of $1,150.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Salt Lake City is 2.1%, which is lower than the national value of 6.9%.more
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.