East Bench, Salt Lake City, UT—84108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Bench, Salt Lake City, UT
As of Oct '25, the median home price in East Bench, Salt Lake City, UT is $909,000, with a year-over-year change of 3.4%. This indicates that home prices in East Bench, 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 | $909,000 | 3.4% |
| Single Family | $941,000 | 4.1% |
| Condos | $597,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $382,000 | -1.0% |
2 Bed | $607,000 | 3.9% |
3 Bed | $803,000 | 3.7% |
4 Bed | $943,000 | 3.9% |
| 5 Bed | $1,317,000 | 6.0% |
% of Housing Stock
Rental Trends — East Bench, Salt Lake City, UT
As of July '25, Rentcast reports the average rent in East Bench, Salt Lake City, UT is $2,780, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in East Bench, Salt Lake City, UT is studios: $1,580, 1-bedrooms: $1,070, 2-bedrooms: $1,860, 3-bedrooms: $2,640, 4-bedrooms: $3,150. The most common rental property sizes in East Bench, Salt Lake City, UT are 2-bedroom and 3-bedroom, accounting for 40.5% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,780 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,120 | $1,070 |
| 2 Bed Rent | $1,740 | $1,860 |
| 3 Bed Rent | $2,650 | $2,640 |
| 4 Bed Rent | $3,200 | $3,150 |
% of Rental Stock
Property Listings — East Bench, Salt Lake City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in East Bench, Salt Lake City, UT is 68. This is a increase of 12.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,100,000 | 7.0% |
Listing Count | 85 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 68 | 12.0% |
Demographics — East Bench, Salt Lake City, UT
As of the latest ACS Survey released in 2023, East Bench, Salt Lake City, UT has a population of 22,000, which has decreased by -2.1% over the past 5 years. East Bench, Salt Lake City, UT is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 77.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,000 | -2.1% |
% Under 18 | 17.8% | -21.2% |
% Seniors | 15.1% | 4.1% |
% WFH | 21.1% | 163.7% |
% w/ College Degree | 77.6% | 7.8% |
As of the latest ACS Survey released in 2023, East Bench, Salt Lake City, UT is a predominantly white area, with 81.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in East Bench, Salt Lake City, UT is hispanic, making up 6.8% of the population. Foreign-born residents account for 8.4% of the population in East Bench, Salt Lake City, UT, and this percentage has decreased by 13.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.9% | -2.3% |
% Black | 0.7% | -22.2% |
% Hispanic | 6.8% | 21.4% |
% Asian | 5.4% | -22.9% |
% Foreign Born | 8.4% | -13.4% |
Mortgage and Risk — East Bench, Salt Lake City, UT
According to HUD data as of 2023, there were 317 mortgage originations in East Bench, Salt Lake City, UT, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in East Bench, Salt Lake City, UT. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — East Bench, Salt Lake City, UT
As of 2024, the percent of homes in East Bench, Salt Lake City, UT under the Section 8 program is 0.8%. 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 East Bench, 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 | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,120 | $1,600 |
| 2 Bedroom | $180 | $1,740 | $1,920 |
| 3 Bedroom | -$70 | $2,650 | $2,580 |
| 4 Bedroom | -$270 | $3,200 | $2,930 |
Affordability — East Bench, Salt Lake City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $909,000 |
| Median Household Income | $120,000 |