Salt Lake City, UT 84116 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Salt Lake City, UT — 84116
Market Hotness
35
Hotness Rank
#9,432
Hotness Score
35
Supply Score
46
Demand Score
24
DOM vs US
-0.3%
Faster
Price vs US
101%
Above avg
Median Listing Price
$435K
Population
38,625
Households
449,662
Median Days on Market
53
Active Listings
29
New Listings
18
Housing Market
Pricing
Median Listing Price
$435K
-7.5% YoY
Average Listing Price
$429K
-13.7% YoY
Price per Sq Ft
$259
-6.1% YoY
Median Sq Ft
1,546
-5.8% YoY
Inventory
Active Listings
29
-21.6% YoY
New Listings
18
-30.8% YoY
Total Listings
49
-6.7% YoY
Buyer Competition
Pending Listings
20
+2.6% YoY
Pending Ratio
0.67
+15.9% YoY
Median Days on Market
53
+24.1% YoY
Price Reduced
13.8%
-16.6% YoY
FY2026 Fair Market Rent — Salt Lake County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,259
/month
1 BR
$1,456
/month
2 BR
$1,747
/month
3 BR
$2,333
/month
4 BR
$2,666
/month
FMR Trends — Salt Lake County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
34.0
2024
Population
ZIP Population
38,625
+4.0% YoY
Salt Lake County Population
1,216,274
+1.3% YoY
Households
Total Housing Units
449,662
+2.2% YoY
Age
2024 Age Mix
1.2M
residents
Under 18
302,331
25.3%
Adults 18–64
752,027
62.9%
65 & Over
142,165
11.9%
Age Composition Over Time
2017–2024
Population Under 18
302,331
-1.3% YoY
Population 65 & Over
142,165
+3.7% YoY
Median Age
34.00
+0.6% YoY
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