North Salt Lake, UT—84054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Salt Lake, UT
As of Oct '25, the median home price in North Salt Lake, UT is $555,000, with a year-over-year change of 0.9%. This indicates that home prices in North Salt Lake, UT are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $555,000 | 0.9% |
| Single Family | $572,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $348,000 | -0.3% |
3 Bed | $488,000 | 0.6% |
4 Bed | $588,000 | 1.0% |
| 5 Bed | $883,000 | 1.1% |
% of Housing Stock
Rental Trends — North Salt Lake, UT
As of July '25, Rentcast reports the average rent in North Salt Lake, UT is $2,080, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in North Salt Lake, UT is studios: $1,750, 1-bedrooms: $1,190, 2-bedrooms: $1,570, 3-bedrooms: $2,200, 4-bedrooms: $2,750. The most common rental property sizes in North Salt Lake, UT are 2-bedroom and 3-bedroom, accounting for 49.2% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,080 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | $1,350 | $1,190 |
| 2 Bed Rent | $1,400 | $1,570 |
| 3 Bed Rent | $2,210 | $2,200 |
| 4 Bed Rent | $2,750 | $2,750 |
% of Rental Stock
Property Listings — North Salt Lake, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in North Salt Lake, UT is 59. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $503,000 | -13.0% |
Listing Count | 75 | 29.0% |
| Listings as % of Homes | 0.6% | 29.0% |
Days on Market | 59 | 28.0% |
Demographics — North Salt Lake, UT
As of the latest ACS Survey released in 2023, North Salt Lake, UT has a population of 22,200, which has increased by 11.0% over the past 5 years. North Salt Lake, UT is a popular place for families, as children make up 30.2% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,200 | 11.0% |
% Under 18 | 30.2% | -2.3% |
% Seniors | 11.1% | 65.7% |
% WFH | 17.9% | 219.6% |
% w/ College Degree | 40.9% | -10.7% |
As of the latest ACS Survey released in 2023, North Salt Lake, UT is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in North Salt Lake, UT is hispanic, making up 18.4% of the population. Foreign-born residents account for 12.8% of the population in North Salt Lake, UT, and this percentage has increased by 30.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.8% | -7.2% |
% Black | 0.2% | -50.0% |
% Hispanic | 18.4% | 24.3% |
% Asian | 4.4% | 37.5% |
% Foreign Born | 12.8% | 30.6% |
Mortgage and Risk — North Salt Lake, UT
According to HUD data as of 2023, there were 351 mortgage originations in North Salt Lake, UT, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in North Salt Lake, UT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — North Salt Lake, UT
As of 2024, the percent of homes in North Salt Lake, UT under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Salt Lake, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,350 | $1,420 |
| 2 Bedroom | $360 | $1,400 | $1,760 |
| 3 Bedroom | $150 | $2,210 | $2,360 |
| 4 Bedroom | $110 | $2,750 | $2,860 |
Affordability — North Salt Lake, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $555,000 |
| Median Household Income | $108,000 |