Counties / Utah / Salt Lake County

Salt Lake County, UT

FIPS 49035 · population 1,196,523 · part of Salt Lake City, UT

$576k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Salt Lake County, UT?

The latest county-level Zillow ZORI is $1,639 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,6392026-06 · up 0.5% year over year
County ACS gross rent$1,592ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,747FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Salt Lake County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,259Salt Lake County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,456Salt Lake County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,747Salt Lake County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,333Salt Lake County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,666Salt Lake County, UTHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$576k
▲ 1.5% year over year
Zillow ZHVI · direct
Median asking rent
$1,639
▲ 0.5% year over year
Zillow ZORI · direct
Gross yield
3.4%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,747
market rent is 0.94x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+51.2%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.5%FHFA HPI2025+2.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$526k
Surveyed gross rent$1,592
Rent burden 30%+48.8%
Median year built1986
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.2%vacant
449,662estimated housing units
Occupied tenure33.9% renter
owner 66.1%renter 33.9%
Structure mix68.9% single-family
Single-family 68.9%20+ units 14.1%Mobile home 1.8%Other 15.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs808,185▲ 1.5% from the prior annual release
Covered establishments67,942annual average reporting locations
Average weekly wage$1,543▲ 3.6% from the prior annual release
Largest private supersectorTrade, transportation, and utilities22.3% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.5%WEEKLY WAGE+3.6%Trade, transportation, and utilities22.3%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Salt Lake CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$40k$80k196919972024$4k$75k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Salt Lake CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI24,81077.8% burdened30–50% HAMFI22,26585.4% burdened50–80% HAMFI33,66545.4% burdened80–100% HAMFI16,46014.9% burdenedAbove 100% HAMFI36,7353.8% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Salt Lake County, UT

These Apartment List observations match the exact county Census code 49035. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,600$1,508$1,4152021-082026-07
Recent-lease rent$1,4502026-07 · -2.2% year over year
Rental vacancy8.9%2026-07 · +0.3 percentage points year over year
Time on market39 days2026-07 · +7.3 days year over year
County brief

What the local evidence says

01Decision frame

Salt Lake County is a price-led, low-yield rental screen: it merits investigation where durable income can be verified, while underwriters sensitive to carrying costs and resale friction should be cautious. Zillow's county observation for 2026-06 places median home value at $575,927, median asking rent at $1,639 per month, and gross yield at 3.42%. Asking-rent growth trailed home-value growth. Separately, FHFA's 2025 repeat-transaction HPI rose 2.59%; this supports the direction of appreciation but is neither a dollar value nor the same vintage or method as Zillow.

02Housing economics

The market-rent measure supports the stated gross-yield calculation, but it does not establish net income. HUD's two-bedroom FMR is a payment standard, not an asking-rent estimate, and cannot replace market rent in yield work. The effective property-tax rate is 0.54%, and median annual property tax is $2,836; these carrying costs matter against the value/rent gap. Operating expenses, insurance, vacancy, and financing are not published, preventing NOI, net-yield, and debt-service conclusions.

03Demand & competition

Realtor.com's 2026-06 MLS snapshot showed 3,088 active listings, up from the prior year, a 3.83% lower median listing price, and price reductions on 26.21% of listings. These are visible-supply, asking-price, and concession measures—not closed sales or proof of buyer demand alone. Tax-return movers produced net migration of -2,674 households, while incomer average AGI was $6,690 below outmovers'. That combination requires tenant-depth and absorption checks rather than a countywide demand inference. Nonoccupant purchase mortgages represented 5.37% of purchases, a bounded measure of buyer competition. QCEW reports annual covered workplace employment and wage growth, not resident employment or a forecast; Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy.

04Risk & next checks

Earthquake is the stated dominant hazard, while modeled climate loss equals 0.18% of building value per year. They are separate county-level risk flags, not a parcel-specific earthquake-loss estimate or insurance quote. Next checks are seismic design and retrofit status, insurer availability, deductibles and exclusions, neighborhood vacancy, lease renewals, and property-level taxes. Those missing facts prevent a conclusion on cash-flow resilience or hazard-adjusted returns.

County ZIP rental landscape

How asking rent and renter pressure vary inside Salt Lake County, UT

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,318$1,929Zillow asking-rent index
Monthly spread$611highest minus lowest selected ZIP
Observed burden range38.4%59.7%ACS renter households paying 30%+
Renter households covered84,102across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.84111$1,92984106$1,82084020$1,74284103$1,64784070$1,59484115$1,57184102$1,51684047$1,50584123$1,45884119$1,43484107$1,40084116$1,318
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.62.2%55.6%49.0%42.5%35.9%841078404784115841028410384116841198410684111841238402084070Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.84111+129.1%84106+121.8%84020+116.6%84103+110.2%84070+106.7%84115+105.2%84102+101.5%84047+100.7%84123+97.6%84119+96.0%84107+93.7%84116+88.2%
WHAT THE LOCAL DISTRIBUTION SAYS

Within the selected direct Zillow evidence, Salt Lake County presents a meaningful current asking-rent spread rather than one usable ZIP-level benchmark. ZORI runs from $1,318 in 84116 to $1,929 in 84111, a $611 difference, and the selected-set median is $1,543.50. The county Zillow index is $1,639, but it is not a substitute for a ZIP-level listing search or evidence that the selected group represents the full county. The practical decision is whether a renter’s budget can tolerate the upper part of that observed range, or whether the search should favor lower-index areas while testing actual unit availability, bedroom count, lease terms and fees. Direction is also uneven among the direct indicators, with positive and negative annual changes represented, so the set does not establish a single local rent trajectory.

These sources answer different questions and should remain separate. Zillow ZORI is a typical observed asking-rent index; ACS five-year median gross rent is a survey estimate of gross rents paid; and HUD’s two-bedroom fair-market-rent standard is an administrative program benchmark. ACS median gross rent in the displayed ZCTAs ranges from $1,328 to $1,894. The displayed matches carry a $1,494 HUD two-bedroom standard, while their Zillow-to-HUD comparisons range from 88.2% to 129.1%. That ratio can flag places where the two measures differ in scale, but it is not a market discount, an affordability finding, or a like-for-like price comparison: Zillow’s current typical asking-rent index is not a bedroom-specific HUD payment standard, and ACS reflects a distinct surveyed rent universe.

ACS conditions sharpen, but do not resolve, the search trade-off. Countywide, 48.8% of renter households are estimated to pay at least 30% of income toward rent and the rental vacancy estimate is 5.2%. Across the displayed ZCTAs, the burden measure ranges from 38.4% in 84103 to 59.7% in 84102, while vacancy ranges from 2.7% in 84020 to 11.6% in 84111. The low-vacancy endpoint also has a $1,742 direct ZORI, whereas the high-vacancy endpoint is the set’s top ZORI location. These pairings are screening signals, not causal findings: higher vacancy does not establish easier leasing, nor does lower vacancy prove less affordability. Applicants should weigh turnover, unit fit, concessions, utility treatment and all move-in charges.

Coverage and geography set firm limits. The direct-evidence display includes 12 of 35 eligible ZIP/ZCTA matches, covering 84,102 renter households under the selection rule; it is not an exhaustive county or subcounty inventory. ZCTAs are Census statistical areas, not USPS delivery ZIPs. ZIPs that cross county lines are shown with the county holding the largest HUD residential-address share; within this display, that share is at least 94.5%, not necessarily entirely county-contained. Before acting, verify the exact address, available bedroom configuration, asking rent, utilities, deposits, concessions, income qualification, lease length, occupancy date and the applicable HUD program rules with the property and relevant administrator.

Selected ZIP evidence

Keep each source universe visible

35 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
84107$1,400$1,445$1,49444.2%5.7%$56k100.0%
84047$1,505$1,587$1,49449.4%4.4%$60k100.0%
84115$1,571$1,328$1,49448.1%8.0%$63k100.0%
84102$1,516$1,386$1,49459.7%9.8%$61k100.0%
84103$1,647$1,451$1,49438.4%9.5%$66k100.0%
84116$1,318$1,338$1,49452.3%7.6%$53k100.0%
84119$1,434$1,520$1,49448.2%6.8%$57k100.0%
84106$1,820$1,682$1,49440.2%7.8%$73k100.0%
84111$1,929$1,350$1,49450.1%11.6%$77k100.0%
84123$1,458$1,467$1,49451.4%5.5%$58k100.0%
84020$1,742$1,894$1,49445.0%2.7%$70k94.5%
84070$1,594$1,692$1,49451.4%5.8%$64k100.0%
READ BEFORE USING

The direct set is selected from eligible Zillow ZIP/ZCTA matches and ordered by renter households; it is not an exhaustive inventory of Salt Lake County, its delivery ZIPs, or smaller geographies. Results cannot be generalized to omitted areas.

ACS figures are five-year ZCTA survey estimates, ZCTAs differ from USPS ZIPs, and HUD county assignment follows the largest residential-address share for cross-county ZIPs. Zillow ZORI, ACS gross rent, and HUD FMR differ by method, timing, and intended use.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Salt Lake County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Salt Lake City city208KWest Valley City city138.4KWest Jordan city116.7KSandy city94.3KSouth Jordan city82.7KMillcreek city63.6KHerriman city59.3KTaylorsville city58.7K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

24 Census places

Population
  1. 01
    Salt Lake City cityIncorporated place
    208,007
  2. 02
    West Valley City cityIncorporated place
    138,437
  3. 03
    West Jordan cityIncorporated place
    116,692
  4. 04
    Sandy cityIncorporated place
    94,291
  5. 05
    South Jordan cityIncorporated place
    82,686
  6. 06
    Millcreek cityIncorporated place
    63,648
  7. 07
    Herriman cityIncorporated place
    59,346
  8. 08
    Taylorsville cityIncorporated place
    58,678
  9. 09
    Draper cityIncorporated place · spans 2 counties
    50,278
  10. 10
    Murray cityIncorporated place
    50,188
  11. 11
    Riverton cityIncorporated place
    45,457
  12. 12
    Kearns metro townshipCensus place
    37,696
Show 12 more places
  1. 13
    Midvale cityIncorporated place
    35,989
  2. 14
    Cottonwood Heights cityIncorporated place
    32,828
  3. 15
    Holladay cityIncorporated place
    31,099
  4. 16
    Magna metro townshipCensus place
    30,031
  5. 17
    South Salt Lake cityIncorporated place
    26,352
  6. 18
    Bluffdale cityIncorporated place · spans 2 counties
    18,797
  7. 19
    White City metro townshipCensus place
    5,669
  8. 20
    Emigration Canyon metro townshipCensus place
    1,433
  9. 21
    Copperton metro townshipCensus place
    1,060
  10. 22
    Granite CDPCensus-designated place
    908
  11. 23
    Brighton townIncorporated place
    311
  12. 24
    Alta townIncorporated place
    284

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardearthquake

0.181% of building value expected lost per year

Effective property tax0.54%

$2,836 median annual bill

02
DemandIRS SOI household flows
Net migration-2,674

27,858 in · 30,532 out

Arriving vs leaving income−$6,690

$70,369 arriving · $77,059 leaving

03
CompetitionHMDA financed purchases
Purchases by investors5.4%

657 of 12,232 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings3,088▲ 5.0% year over year
Median days on market49▲ 5.4% year over year
Listings price-reduced26.2%seller-concession signal
Median listing pricen/a▼ 3.8% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Salt Lake City, UT

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Salt Lake County1,196,523$576k$1,6393.4%earthquake
Tooele County79,347$482k$1,7354.3%wildfire
Bear case

What can break the county thesis

  1. Property-level seismic exposure, retrofit condition, and insurance terms could make county-level hazard framing unusable.
  2. Subject rents, expenses, and vacancy could differ from county medians, changing net-return results.
  3. MLS listing signals and tax-return mover data may not translate to the target neighborhood or housing type.
Underwriting questions

Before pricing a property

Can HUD Fair Market Rent be used as the county's asking rent?

No. The record identifies HUD FMR as a two-bedroom payment standard, while Zillow provides the market asking-rent measure.

Can net yield or NOI be determined from this record?

No. Operating expenses, insurance, vacancy, and financing terms are not published.

What does the available labor evidence measure?

QCEW measures annual covered employment at workplaces in the county and covered-worker wages; it does not measure resident employment or forecast demand.