Markets/Utah/Salt Lake City

Salt Lake City, UT Real Estate Market 2026

Investor-grade market analytics for Salt Lake City, Utah. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$560,068

+1.3% year-over-year

Est. Rental Yield

3.5%

gross annual

12-Month Forecast

+1.3%

base case (Zillow ZHVF)

+1.3% year-over-year

Climate Risk

48/100

Low

Market Momentum

➡️
Neutral
3mo supply · Score +1/7

Net migration: Bottom 2% nationally

Income Migration

➡️ Neutral0.93x

In-migrants avg $72,531 AGI vs out-migrants $78,083

🏛️

Opportunity Zone Market

16 ZIP codes in Salt Lake City are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Salt Lake City Market Summary

Salt Lake City, UT is in a stabilization phase with 1.3% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.89x, above the national average of 4.8x. Net negative migration (-2,084 returns/year) is reducing housing demand pressure. Climate risk is moderate (48/100) with manageable exposure. Rental yield of 3.52% is below average, suggesting this market is more suited for appreciation-driven strategies.

Affordability

Affordability Score59/100
Price-to-Income Ratio5.9x (national avg 4.8x)
Median Household Income$95,045

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+0.7%
Base Case+1.3%
Bull Case+2.0%

Climate & Natural Hazard Risk

Salt Lake City, UT's primary climate exposure is wildfire (60/100). The composite climate risk score of 48/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Salt Lake City dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.