Central City, Salt Lake City, UT84102

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$536,000
0.3% YoY Growth
Median Household Income
$50,000
17.1% 5-Year Growth
Days on Market
69
9.0% Longer than last year
Home Price Forecast
0.6%
Median Rent
$1,340
4.4% YoY Growth
1-Bed Rent
$1,200
0.8% YoY Growth
2-Bed Rent
$1,550
3.0% YoY Growth
3-Bed Rent
$2,300
0.9% YoY Growth

Other Zip Codes in Central City, Salt Lake City, UT

Property Listings — Central City, Salt Lake City, UT

As of Oct '25, Realtor.com reports that the median days on market for a home in Central City, Salt Lake City, UT is 69. 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$546,00010.0%
Listing Count
9816.0%
Listings as % of Homes0.4%16.0%
Days on Market
699.0%
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Demographics — Central City, Salt Lake City, UT

As of the latest ACS Survey released in 2023, Central City, Salt Lake City, UT has a population of 19,100, which has increased by 5.8% over the past 5 years. Central City, Salt Lake City, UT is a less popular place for families, as children make up 4.9% of the population. The area has a highly educated workforce, with 56.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

MetricLatest CensusYoY % Change
Population
19,1005.8%
% Under 18
4.9%-30.0%
% Seniors
10.5%18.0%
% WFH
19.0%512.9%
% w/ College Degree
56.0%-3.4%
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As of the latest ACS Survey released in 2023, Central City, Salt Lake City, UT is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Central City, Salt Lake City, UT is hispanic, making up 9.4% of the population. Foreign-born residents account for 10.9% of the population in Central City, Salt Lake City, UT, and this percentage has decreased by 28.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
76.1%-0.5%
% Black
1.8%0.0%
% Hispanic
9.4%-6.0%
% Asian
6.8%-2.9%
% Foreign Born
10.9%-28.8%
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Mortgage and Risk — Central City, Salt Lake City, UT

According to HUD data as of 2023, there were 163 mortgage originations in Central City, Salt Lake City, UT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Central City, Salt Lake City, UT. Investor activity is low, as 7.0% 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
163
% Conventional Loans
93.0%
% Government Loans
7.0%
% Investor Loans
7.0%
% Second Loans
2.0%
% Cash Out Refinance
7.0%

Loan Activity

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Rentals and Section 8 — Central City, Salt Lake City, UT

As of 2024, the percent of homes in Central City, Salt Lake City, UT under the Section 8 program is 4.1%. 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 Central City, Salt Lake City, 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
400
Total Units Section 8
336
% Rentals under Section 8
4.1%
% Occupied Section 8
94.5%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$230$1,200$1,430
2 Bedroom$170$1,550$1,720
3 Bedroom$10$2,300$2,310
4 Bedroom$1,980$650$2,630

Affordability — Central City, Salt Lake City, UT

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio10.5
Median Home Price$536,000
Median Household Income$50,000

Central City, Salt Lake City, UT — ZIP Code Boundary Map

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Frequently Asked Questions