Market Overview
Home Prices in Salt Lake City, UT
The median home value in Salt Lake City, UT is $580,299 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Salt Lake City are priced42% above average. Salt Lake City is part of the Salt Lake City, UT metro area.
Over the past five years, Salt Lake City home values have risen by approximately13.7%, reflecting steady appreciation in this market.
Price History
Salt Lake City Home Price Trend
City Comparison
Salt Lake City vs. National Median
At $580,299, homes in Salt Lake City cost 42% above the national median of $410,000. Buyers in Salt Lake City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Salt Lake City?
20% Down Payment
$116,060
on $580,299
Monthly P&I
$3,026/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,843/mo
incl. taxes & insurance
Income Needed
$153,720
gross annual (30% rule)
10% Down Option
$58,030
+ PMI applies
Loan Amount (20% dn)
$464,239
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Salt Lake City, UT?
The median home value in Salt Lake City is $580,299 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Salt Lake City?
Over the past year, home values in Salt Lake City have increased by 1.7%. Over five years, prices have risen approximately 13.7%.
How much do I need to earn to buy a home in Salt Lake City?
To comfortably afford the median home price of $580,299 with a 20% down payment ($116,060) at today's rates (6.8%), you'd need a gross annual income of approximately $153,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Salt Lake City compare to the national average home price?
The national median home value is approximately $410,000. At $580,299, homes in Salt Lake City are 42% above the national average.
What metro area is Salt Lake City part of?
Salt Lake City is part of the Salt Lake City, UT metropolitan area. Home prices and market conditions can vary across the broader metro region.