Liberty Wells, Salt Lake City, UT—84105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Liberty Wells, Salt Lake City, UT
As of Oct '25, the median home price in Liberty Wells, Salt Lake City, UT is $696,000, with a year-over-year change of 3.0%. This indicates that home prices in Liberty Wells, Salt Lake City, UT are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $696,000 | 3.0% |
| Single Family | $699,000 | 3.6% |
| Condos | $394,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $499,000 | 1.2% |
2 Bed | $562,000 | 4.5% |
3 Bed | $689,000 | 3.5% |
4 Bed | $808,000 | 3.3% |
| 5 Bed | $1,010,000 | 3.9% |
% of Housing Stock
Rental Trends — Liberty Wells, Salt Lake City, UT
As of July '25, Rentcast reports the average rent in Liberty Wells, Salt Lake City, UT is $1,800, with a year-over-year rent change of -11.8%. Per bedroom, the median rent as of July '25 in Liberty Wells, Salt Lake City, UT is studios: $1,530, 1-bedrooms: $1,270, 2-bedrooms: $1,740, 3-bedrooms: $2,680, 4-bedrooms: $3,440. The most common rental property sizes in Liberty Wells, Salt Lake City, UT are 2-bedroom and 1-bedroom, accounting for 39.5% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,800 |
| Studio Rent | $1,500 | $1,530 |
| 1 Bed Rent | $1,250 | $1,270 |
| 2 Bed Rent | $1,700 | $1,740 |
| 3 Bed Rent | $2,650 | $2,680 |
| 4 Bed Rent | $3,300 | $3,440 |
% of Rental Stock
Property Listings — Liberty Wells, Salt Lake City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Liberty Wells, Salt Lake City, UT is 58. This is a increase of 10.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $834,000 | 7.0% |
Listing Count | 71 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 58 | 10.0% |
Demographics — Liberty Wells, Salt Lake City, UT
As of the latest ACS Survey released in 2023, Liberty Wells, Salt Lake City, UT has a population of 23,000, which has increased by 2.2% over the past 5 years. Liberty Wells, Salt Lake City, UT is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 65.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | 2.2% |
% Under 18 | 18.1% | 0.0% |
% Seniors | 11.9% | 22.7% |
% WFH | 21.4% | 193.2% |
% w/ College Degree | 65.8% | 7.0% |
As of the latest ACS Survey released in 2023, Liberty Wells, Salt Lake City, UT is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Liberty Wells, Salt Lake City, UT is hispanic, making up 7.7% of the population. Foreign-born residents account for 8.3% of the population in Liberty Wells, Salt Lake City, UT, and this percentage has increased by 23.9% 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 | 80.8% | -5.4% |
% Black | 1.7% | 240.0% |
% Hispanic | 7.7% | 13.2% |
% Asian | 3.4% | 36.0% |
% Foreign Born | 8.3% | 23.9% |
Mortgage and Risk — Liberty Wells, Salt Lake City, UT
According to HUD data as of 2023, there were 335 mortgage originations in Liberty Wells, Salt Lake City, UT, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Liberty Wells, Salt Lake City, UT. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 335 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Liberty Wells, Salt Lake City, UT
As of 2024, the percent of homes in Liberty Wells, Salt Lake City, UT under the Section 8 program is 3.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Liberty Wells, Salt Lake City, UT, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 134 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,250 | $1,460 |
| 2 Bedroom | $60 | $1,700 | $1,760 |
| 3 Bedroom | -$290 | $2,650 | $2,360 |
| 4 Bedroom | -$610 | $3,300 | $2,690 |
Affordability — Liberty Wells, Salt Lake City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $696,000 |
| Median Household Income | $94,100 |