Rose Park, Salt Lake City, UT—84116
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rose Park, Salt Lake City, UT
As of Oct '25, the median home price in Rose Park, Salt Lake City, UT is $443,000, with a year-over-year change of -1.2%. This indicates that home prices in Rose Park, Salt Lake City, UT are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | -1.2% |
| Single Family | $447,000 | -1.3% |
| Condos | $220,000 | -1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $261,000 | 0.4% |
2 Bed | $357,000 | -2.2% |
3 Bed | $439,000 | -1.3% |
4 Bed | $471,000 | -1.9% |
| 5 Bed | $502,000 | -1.6% |
% of Housing Stock
Rental Trends — Rose Park, Salt Lake City, UT
As of July '25, Rentcast reports the average rent in Rose Park, Salt Lake City, UT is $1,650, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Rose Park, Salt Lake City, UT is studios: $930, 1-bedrooms: $1,160, 2-bedrooms: $1,430, 3-bedrooms: $2,130, 4-bedrooms: $2,500. The most common rental property sizes in Rose Park, Salt Lake City, UT are 1-bedroom and 2-bedroom, accounting for 41.4% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,650 |
| Studio Rent | $945 | $930 |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,310 | $1,430 |
| 3 Bed Rent | $2,100 | $2,130 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Rose Park, Salt Lake City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Rose Park, Salt Lake City, UT is 60. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $476,000 | 6.0% |
Listing Count | 65 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 60 | -1.0% |
Demographics — Rose Park, Salt Lake City, UT
As of the latest ACS Survey released in 2023, Rose Park, Salt Lake City, UT has a population of 37,100, which has increased by 6.0% over the past 5 years. Rose Park, Salt Lake City, UT is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,100 | 6.0% |
% Under 18 | 23.6% | -21.6% |
% Seniors | 10.4% | 20.9% |
% WFH | 11.7% | 254.5% |
% w/ College Degree | 24.3% | 33.5% |
As of the latest ACS Survey released in 2023, Rose Park, Salt Lake City, UT is a predominantly hispanic area, with 44.3% of the population identifying as hispanic. The hispanic population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Rose Park, Salt Lake City, UT is white, making up 35.8% of the population. Foreign-born residents account for 27.2% of the population in Rose Park, Salt Lake City, UT, and this percentage has decreased by 3.5% 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 | 35.8% | -1.6% |
% Black | 3.8% | -9.5% |
% Hispanic | 44.3% | -7.1% |
% Asian | 7.1% | 24.6% |
% Foreign Born | 27.2% | -3.5% |
Mortgage and Risk — Rose Park, Salt Lake City, UT
According to HUD data as of 2023, there were 468 mortgage originations in Rose Park, Salt Lake City, UT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Rose Park, Salt Lake City, UT. Investor activity is low, as 1.0% 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 | 468 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Rose Park, Salt Lake City, UT
As of 2024, the percent of homes in Rose Park, Salt Lake City, UT under the Section 8 program is 11.0%. 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 Rose Park, 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 | 727 |
Total Units Section 8 | 719 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,100 | $1,280 |
| 2 Bedroom | $230 | $1,310 | $1,540 |
| 3 Bedroom | -$30 | $2,100 | $2,070 |
| 4 Bedroom | -$150 | $2,500 | $2,350 |
Affordability — Rose Park, Salt Lake City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $443,000 |
| Median Household Income | $69,600 |