Markets › Salt Lake City
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Salt Lake City UT
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, and steady on the recent monthly signals.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
Down 1 place this month27of 43 metros
Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Steady
Pulling both ways, asking rents are slipping and jobs are growing, as of Jun 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
-0.2%
▼ Year over year
Older annual rent growth, Census
SALT LAKE
+1.2%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,659/mo
Typical rent, 2024 yearly count
In the news · Salt Lake CityNEWS · DAILY
Salt Lake City Rent Growth Pacing Below Last YearDemand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+2.7%
Migration-6.44/1k
SUPPLY
Permits+168.4%
Vacancy5.1%
Rent vs buyFREDDIE MAC · WEEKLY
+$2,438/mo
Cheaper to rent than buying
$1,659RENT
$4,097OWN
Net migrationCENSUS · 2024
−6.44/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.