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North Salt Lake, UT—84054

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$549,000
1.1% YoY Growth
Household Income
$108,000
34.6% YoY Growth
Days on Market
55
8.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$2,100
1.9% YoY Growth
1-Bed Rent
$1,350
16.2% YoY Growth
2-Bed Rent
$1,400
3.3% YoY Growth
3-Bed Rent
$2,210
5.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Salt Lake, UT

As of Dec '25, the median home price in North Salt Lake, UT is $549,000, with a year-over-year change of 1.1%. This indicates that home prices in North Salt Lake, UT are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$549,0001.1%
Single Family $565,0000.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$344,0000.0%
    3 Bed
    		$481,0000.6%
    4 Bed
    		$581,0001.2%
    5 Bed $875,9001.1%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    2.6%
    2 Bedrooms
    23.2%
    3 Bedrooms
    33.1%
    4 Bedrooms
    19.5%
    5+ Bedrooms
    21.3%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.2%
    1 Bedroom
    7.0%
    2 Bedrooms
    49.2%
    3 Bedrooms
    33.0%
    4 Bedrooms
    6.7%
    5+ Bedrooms
    2.9%

    Property Listings — North Salt Lake, UT

    As of Dec '25, Realtor.com reports that the median days on market for a home in North Salt Lake, UT is 57. This is a increase of 9.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$550,000-12.0%
    Listing Count
    		5548.0%
    Listings as % of Homes0.6%48.0%
    Days on Market
    		55-8.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		22,20011.0%
    % Under 18
    		30.2%-2.3%
    % Seniors
    		11.1%65.7%
    % WFH
    		17.9%219.6%
    % w/ College Degree
    		40.9%-10.7%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$549,000
    Median Household Income$108,000

    North Salt Lake, UT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Woods Cross, UT

    84087

    Capitol Hill, Salt Lake City, UT

    84103

    Downtown, Salt Lake City, UT

    84101

    Central City, Salt Lake City, UT

    84111

    Bountiful, UT

    84010

    Frequently Asked Questions