dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +14.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +4.0% YoY, is the number to watch.
The median listing price is up 14.3% YoY while the median home got up 16.9% bigger, so value per square foot is down 15.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $500K purchase rents for $1,200/mo: 0.24% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 36 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 84111 itself, not its parent county.
Renters hold 78.4% of this ZIP's 7,915 occupied households, on a median household income of $53K.
| Measure | ZIP 84111 | Salt Lake County | Difference |
|---|---|---|---|
| Median Household Income | $53K | $97K | -$45K |
| Below Poverty Level | 19.3% | 8.1% | +11.2% |
| Median Age | 32.60 | 34.00 | -1.40 |
| Total Population | 12,782 | 1,196,523 | -- |
| Avg Household Size | 1.56 | 2.77 | -1.21 |
| Owner-Occupied | 21.6% | 66.1% | -44.6% |
| Worked From Home | 25.2% | 19.7% | +5.5% |
| Mean Commute | 21.70 | 22.30 | -0.60 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.0% to 1,196,523: residents under 18 are down 1.3% and those 65 and over are up 3.7%.
County median household income is $97K, 8.1% of residents are below the poverty level, 19.7% work from home.