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Salt Lake City Real Estate For Sale In UT
Salt Lake City is a modern metropolis built at the base of the Wasatch Mountains in the northeast corner of the Salt Lake Valley. Utah's capital was one of the Intermountain West's most underappreciated gems for a long time but has recently gained notoriety for its booming economy with a blossoming tech sector, outstanding annual job growth, reasonable costs of living, and one of the top housing markets in the country. Salt Lake City provides a relaxed, friendly vibe in a young, rapidly-growing, and progressive environment. If you are looking for real estate in Utah and want an effortless urban-nature balance and a blending of everything the state offers, be sure to add the real estate for sale in Salt Lake City to your list of prospects.
More About Salt Lake City UT
Widely known for its numerous state parks, winter sports, and The Sundance Film Festival, Salt Lake City is home to almost 200K people, which makes it the most populous city in Utah. Aside from being Utah’s capital, Salt Lake City is the seat of Salt Lake County and the heart of the Salt Lake City Metropolitan Area, which harbors over 1.2M people.
Once the religious and cultural capital of The Church of Jesus Christ of Latter-day Saints, Salt Lake City’s downtown still features vestiges of its Mormon heritage (including the breathtaking Salt Lake Temple). However, Salt Lake City is much more than a religious community; it's diverse, energetic, tolerant, and has a thriving business sector and a vibrant arts and culture scene.
Since Utah is a mecca for outdoor enthusiasts, Salt Lake City real estate is the perfect basecamp for your next adventure. Nestled between the Great Salt Lake and the Wasatch Mountains, real estate in Salt Lake City offer quick access to miles of hiking and biking trails in multiple state parks as well as world-renowned ski resorts for winter fun. Five national parks are within driving distance of the homes in Salt Lake City, including Arches National Park and Capitol Reef National Park.
Salt Lake City UT Real Estate Market
The Salt Lake City real estate market is one of the country's hottest. Home for sale prices have been rising for the past few years, and there is no sign of a slowdown. The combination of strong job growth and low-interest rates has made Salt Lake City an attractive destination for homebuyers, and competition for Salt Lake City real estate is fierce.
These market conditions come as no surprise if we turn to see the state's trends. The Utah real estate market has been scorching since the state emerged as a desirable market for residential real estate purchasers (many of them from California) during the pandemic. As Californians flock to the state, property prices continue to increase in Utah, putting a strain on supply and demand. Therefore, Utah's housing market, including the Salt Lake City metropolitan area, continues to be among the most solid and competitive real estate market in the country.
Although the market is hot, home values are soaring, and Salt Lake City homes are selling quickly, homebuyers and investors of almost any budget can hope to find affordable real estate in Salt Lake City. Homebuyers can also expect healthy yearly home appreciation rates (10.25% in the last decade), and a balanced proportion of homeowners and leaseholders (53% - 48%) in Utah's capital.
Salt Lake City offers potential relocators a wide array of property types, from condos and townhouses for sale for young first-time homebuyers and downsizers to sprawling ranches and Victorian-style single-detached homes for families dreaming of a peaceful suburban lifestyle. Our team of experienced real estate agents can help you find the perfect home at the right price.
Homes For Sale In Salt Lake City, UT
Homebuyers looking for Salt Lake City real estate for sale may find both existing and new construction real estate. In Salt Lake City, single-family detached houses for sale are the most prevalent housing type, making around 46% of the units available in the market. The majority of the freestanding homes have one or two bedrooms on mid-size lots and were built between the '40s and '70s. The median sale price for homes for sale in Salt Lake City is about $555K, up 25.9% from the previous year, and houses for sale are spending an average of six days on the market.
The style selection of Salt Lake City real estate is a nice blend of historic and contemporary homes. Californian, Craftsman, Prairie, and Tudor Revival-style bungalows, classic American Colonial-style homes, quaint pastel-hued Victorian houses, Mid-Century ranches, Contemporary Farmhouses, and even Minimalist dwellings can be found across the Salt Lake City neighborhoods.
Condos For Sale In Salt Lake City
Homebuyers can find condos for sale in Salt Lake City with various price points (depending on location), ranging from charming low and mid-size buildings to luxurious state-of-the-art high rises with upscale common areas, services, and amenities. The major concentration of condos for sale in Salt Lake City is in urban areas like downtown Salt Lake City and Central City. More to the south, some units are available in the Sugar House neighborhood. The median list price for condos in Salt Lake City is about $450K.
Salt Lake City Nearby Cities
Salt Lake City Neighborhoods
Salt Lake City has many unique neighborhoods and a clear east-to-west division. The eastern communities are more affluent, while the city's west end has more diverse and affordable real estate for sale. Here’s a list of desirable neighborhoods in Salt Lake City:
Central City
From the eclectic mix of shops and restaurants along Main Street to the historic homes lining Westside Boulevard, there is something for everyone in Central City. Located halfway between downtown Salt Lake City real estate and Sugar House, this neighborhood is as eclectic as is convenient. Its urban vibe —with many businesses, cultural venues, city parks, and public art installations, attracts young professionals and couples looking for cozy condos for sale, affordable apartments, and historic homes. The median price point for homes in this area is $279K.
Sugar House
Living in this Salt Lake City historic neighborhood just minutes southeast of downtown can be as sweet as its name suggests. Sugar House is a close-knit and vibrant community with a strong sense of identity and a healthy mix of businesses, schools, parks, and housing. The homes for sale in Sugar House are a mix of Victorian-style mansions and cozy bungalows on tree-canopied streets selling for around $420K. Residents love the lively commercial district filled with boutiques, music venues, restaurants, and breweries, and because it's so close to the mountains, there are great trails nearby.
Wasatch Hollow
Named the #1 place to purchase a home for sale in Salt Lake City by Niche.com, Wasatch Hollow is a great neighborhood for families. The Wasatch Hollow Preserve, an 11-acre park with pathways, creeks, and recreational areas, is located on the eastern side of the community, as well as Clayton Middle School. This neighborhood is safe, quiet, and primarily residential, with the majority of the Wasatch Hollow real estate consisting of beautiful bungalows, cottages, and sizable family houses for sale at a price point of $572K. Aside from families, this area attracts young professionals, retirees, and individuals looking for vast outdoor space and a relaxed atmosphere.
Federal Heights
Located at the doorstep of the University of Utah, Federal Heights has a classic vibe to it. The college community is engaging and lively, designed to get to know the neighbors and walk to the nearby stores, parks, shops, and restaurants. Federal Heights is filled with luxurious amenities and some of the most desirable real estate in Salt Lake City. Homes in Federal Heights were constructed in the early 1900s and are typically single-family two-story houses with big backyards. Home values in the area start at $600K and climb to the multi-million range.
Salt Lake City Schools UT
Salt Lake City real estate owners with school-age children have 109 public elementary, middle, and high schools and 117 private schools at their disposal. While public education access in town is plentiful, the best option for students, quality-wise, are the charter schools. Canyon Rim Academy and Wallace Stegner Academy are too well-regarded options for primary education. The best alternative for High schoolers is Beehive Science and Technology Academy (BSTA). The University of Utah, the state's flagship university, is located in Salt Lake City, as are several higher learning institutions. Keep reading for a list of good schools in Salt Lake City:
Public Schools In Salt Lake City
Elementary & Middle Schools
- Salt Lake Arts Academy
- Eastwood School
- Butler Middle School
High Schools
- Academy For Math Engineering & Science (Ames)
- Skyline High School
- Olympus High School
- Salt Lake Center for Science Education
Private Schools In Salt Lake City
- Intermountain Christian School
- K12 International Academy
- The Keystone School
Colleges & Universities In Salt Lake City
- BYU Salt Lake Center
- The University of Utah
- Salt Lake Community College
FAQ About Salt Lake City UT Real Estate
What Is The Best Part Of Salt Lake City, Utah To Live In?
- Best neighborhoods for young professionals: Downtown Salt Lake City, Central City, Sugar House, Foothill/Sunnyside.
- Best neighborhoods for families: East Liberty Park, The Avenues, Federal Heights.
- Best neighborhoods for outdoor lovers: Sugar House, Upper Avenues, East Bench.
- Best neighborhoods for students: Yalecrest, East Central, Federal Heights.
What Is The Zip Code For Salt Lake City, Utah?
There are around 46 zip codes for Salt Lake City real estate. Here’s a brief list of the top ones:
Where Is The Nearest Commercial Airport In Salt Lake City, Utah?
The Salt Lake City International Airport (SLC / KSLC) is located fairly close to most Salt Lake City real estate. The airport is only seven miles from the city center, a short-eight minute drive.
What County Is Salt Lake City, Utah?
The city of Salt Lake City is in Salt Lake County, UT.
Things To Do In Salt Lake City UT
Whether you're looking for an adventure in the mountains or a day of city explorations, here are some of the best things to do near Salt Lake City real estate:
Museums In Salt Lake City
- Natural History Museum Of Utah: The museum houses an extensive collection of over 1.6 million natural history specimens and artifacts, and it is one of the most popular tourist destinations in the state.
- Clark Planetarium: The Clark Planetarium has 10,000 square feet of free displays, including an NOAA computer animation globe, an audio-kinetic sculpture, a Foucault pendulum, an Earth Globe, Meteorites, and Telescope exhibits, and even an authentic Moon rock sample.
Attractions In Salt Lake City
- Historic Temple Square: Historic Temple Square is a National Historic Landmark District and one of the most popular tourist destinations in the American West. It comprises the Salt Lake Temple, Salt Lake Tabernacle, Salt Lake Assembly Hall, and the Seagull monument. Free tours are available for those interested in the temple's story and its importance to the Mormon faith.
- Hogle Zoo: This zoo has been around since 1931 and is home to over 800 animals of 249 species, including grizzly bears, tigers, lions, giraffes, and more. In addition to the animals, the zoo also has a variety of exhibits and educational programs.
- Great Salt Lake: The Western Hemisphere's largest saltwater lake is only 30 minutes away by car from the city center. It offers Salt Lake City real estate owners and visitors a plethora of recreational opportunities, from swimming and sunbathing on the Antelope Island State Park clean beaches to sailing, kayaking, fishing, and abundant wildlife viewing.
Parks In Salt Lake City UT
- Sugar House Park: The park spans over 100 acres, offering plenty of space for hiking, picnicking, and playing. Features include two playgrounds for children, a 4.5-acre pond with fountains, a basketball court, a baseball field, shaded picnic tables, and ten pavilions. The park also hosts events such as firework shows and concerts.
- Liberty Park: With over 80 acres, this is Salt Lake City’s second-largest public park. Facilities include playgrounds, picnic areas, large green spaces, a swimming pool, basketball, tennis, volleyball, and bocce ball courts, walking and cycling trails, and a pond with two islands.
Living In Salt Lake City UT
Utah's capital city offers an unparalleled quality of life, strong economy, burgeoning job market, and pretty affordable real estate for sale in a vibrant urban environment just a few steps away from endless outdoor adventures. Keep reading for additional information:
Average Household Income In Salt Lake City
The average household income in Salt Lake City, UT is $73,778.
Weather In Salt Lake City, UT
Salt Lake City has a semi-arid climate, yet it borders on a Mediterranean climate. Salt Lake City home owners will experience four distinct seasons, with the prevalence of chilly winters and hot summers. In winter, temps seldom drop below 0°F, but they rarely rise above freezing in January. Summertime in Salt Lake is hot and dry, typically exceeding 100°F. Spring and fall months are usually mild, with occasional periods of wet weather. Overall, the city enjoys a relatively dry climate, with an average of only 17 inches of precipitation per year.
Living Costs In Salt Lake City, UT
The cost of living in Salt Lake City is slightly over the national average (2.2%). The monthly cost of a family of four is expected to be $3,232 if they do not have rent or a mortgage, according to Numbeo. Housing, food, and transportation are among the most expensive costs in the city, while healthcare, utilities, and other goods and services will be less of a burden on the resident's budget.
Healthcare In Salt Lake City, UT
With Utah being home to one of America's best healthcare systems, Salt Lake City real estate owners have access to various top-notch medical facilities. Those facilities include Intermountain Medical Center, University of Utah Hospital, and Primary Children's Hospital.
Taxes In Salt lake City, UT
Residents of Salt Lake City must pay state income taxes ranging from 2.3% to 7% on their salaries or profits earned in or derived from business operations. In addition, there’s a 7.8% sales and use tax for retail purchases of tangible personal property and select services. Salt Lake City home owners pay a general property tax rate of .015%
Salt Lake City UT Jobs
Salt Lake City is the fourth-best city in the nation for finding employment according to WalletHub's report "Best Cities for Jobs," which stated that Utah's capital has plentiful job opportunities and consistently low unemployment rates (around 2%). The service sector accounts for the greatest proportion of Salt Lake City's economy and the job market. The largest industries in Utah's capital include educational services, healthcare & social assistance, retail trade, transportation, telecommunications, and hospitality.
Salt Lake City real estate buyers can also find employment in the robust tech sector, fueled by Utah's large talent pool and relatively low cost compared to other developing tech hubs. Microsoft, Meta, Adobe, and Overstock are among the big tech companies headquartered in Salt Lake City. Known as “Silicon Slopes,” this growing startup and tech community is joined by the Bionic Valley, the University of Utah Research Park, an epicenter for bioengineering research. The top employers in Salt Lake City include:
- Intermountain Healthcare
- University of Utah
- State Of Utah
- Alsco Uniforms
- Energy Solutions
Salt Lake City UT Transportation
As the most populous city in Utah, Salt Lake City is a hub for transportation. The city is served by an extensive network of roads, highways, and public transit, making it easy to get around with or without a car. Salt Lake City real estate is close to two major interstate highways, I-15 and I-80. I-15 runs north-south through the town, connecting Salt Lake City to Las Vegas and Los Angeles to the south and to Idaho and Montana to the north. I-80 runs east-west through the city, connecting Salt Lake City to San Francisco and Reno to the west, and Denver and Cheyenne to the east. The Utah Transit Authority operates a fleet of buses that provide service close to most Salt Lake City houses for sale. The TRAX light rail system serves downtown Salt Lake City and the Salt Lake City International Airport (SLC/KSLC).