As of June 2026, the typical home in Salt Lake City is worth about $580,299. Values are still rising — +1.7% over the past year and +13.7% over five years.
Salt Lake City home-price snapshot
The Zillow Home Value Index tracks the typical value of homes in the 35th-65th percentile range, which is a cleaner read than a raw average that gets skewed by a handful of luxury sales. For Salt Lake City, that typical value is $580,299 (+1.7% YoY).
Salt Lake City vs. other Salt Lake County cities
Here's how the typical home value in Salt Lake City stacks up against nearby communities in Salt Lake County (typical value, June 2026):
| City | Typical home value |
|---|---|
| Alta | $1,947,651 |
| Mount Olympus | $1,139,434 |
| Holladay | $849,188 |
| Draper | $817,540 |
| Cottonwood Heights | $789,273 |
| Sandy | $670,855 |
| South Jordan | $666,039 |
| Millcreek | $645,592 |
| Riverton | $629,697 |
| Bluffdale | $617,131 |
Salt Lake City ranks #12 of 24 Salt Lake County cities by typical home value.
Renting in Salt Lake City
The typical asking rent in Salt Lake City is about $1,629/month. That puts the price-to-annual-rent ratio near 29.7 — a quick gauge investors use to compare buy-vs-rent economics (lower generally favors buying/renting out, higher favors renting).
What this means for buyers and sellers in Salt Lake City
Buyers: Buyers in Salt Lake City should watch days-on-market and price cuts closely — well-priced homes still move, but overpriced listings are sitting.
Sellers: Sellers in Salt Lake City need sharper pricing and real marketing to stand out; the homes that sell fast are staged, photographed well, and priced to the data.
Thinking about making a move in St. George or Southern Utah?
Aurora Serrano is a top St. George REALTOR® with Abundant Real Estate Group (Keller Williams). She helps buyers and sellers across Washington County — St. George, Washington, Hurricane, Ivins, Santa Clara and Cedar City — and offers bilingual (English & Spanish) service and a licensed financial-planning perspective most agents can't match.
Get a real, local answer fast — text her directly:
Text Aurora · 435-256-5584 What’s my home worth?Frequently asked questions
What is the average home price in Salt Lake City, Utah?
As of June 2026, the typical (Zillow Home Value Index) home in Salt Lake City, UT is worth about $580,299. That's +1.7% versus a year ago and +13.7% over the last five years.
Are home prices in Salt Lake City going up or down?
Over the past 12 months the typical Salt Lake City home value changed +1.7%. Prices are still rising after the sharp run-up of 2020-2022.
How much is rent in Salt Lake City, Utah?
The typical asking rent in Salt Lake City is around $1,629 per month.
Is Salt Lake City a good place to buy real estate?
It depends on your goals, but Salt Lake City in Salt Lake County offers solid Utah fundamentals. Talk to a local agent about specific neighborhoods and current listings before deciding.