Central City, Salt Lake City, UT—84111
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Central City, Salt Lake City, UT
Home Price Trends — Central City, Salt Lake City, UT
As of Nov '25, the median home price in Central City, Salt Lake City, UT is $443,000, with a year-over-year change of 0.1%. This indicates that home prices in Central City, Salt Lake City, UT are flat. According to Zillow, the 1-year price projection is 0.6%, 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 | 0.1% |
| Single Family | $493,000 | 0.2% |
| Condos | $340,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $298,000 | -2.0% |
2 Bed | $429,000 | 0.2% |
3 Bed | $521,000 | 0.2% |
4 Bed | $602,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central City, Salt Lake City, UT
As of July '25, Rentcast reports the average rent in Central City, Salt Lake City, UT is $1,380, with a year-over-year rent change of -17.4%. Per bedroom, the median rent as of July '25 in Central City, Salt Lake City, UT is studios: $971, 1-bedrooms: $1,250, 2-bedrooms: $1,820, 3-bedrooms: $2,260, 4-bedrooms: $4,680. The most common rental property sizes in Central City, Salt Lake City, UT are 1-bedroom and 2-bedroom, accounting for 46.8% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,380 |
| Studio Rent | $895 | $971 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,850 | $1,820 |
| 3 Bed Rent | $2,440 | $2,260 |
| 4 Bed Rent | $4,200 | $4,680 |
% of Rental Stock
Property Listings — Central City, Salt Lake City, UT
As of Nov '25, Realtor.com reports that the median days on market for a home in Central City, Salt Lake City, UT is 74. This is a increase of 63.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -5.0% |
Listing Count | 44 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 74 | 63.0% |
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 12,400, which has increased by 2.6% over the past 5 years. Central City, Salt Lake City, UT is a less popular place for families, as children make up 10.5% of the population. The area has a highly educated workforce, with 54.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | 2.6% |
% Under 18 | 10.5% | -18.0% |
% Seniors | 9.9% | -13.2% |
% WFH | 22.4% | 339.2% |
% w/ College Degree | 54.5% | 31.0% |
As of the latest ACS Survey released in 2023, Central City, Salt Lake City, UT is a predominantly white area, with 67.2% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Central City, Salt Lake City, UT is hispanic, making up 16.2% of the population. Foreign-born residents account for 17.1% of the population in Central City, Salt Lake City, UT, and this percentage has increased by 23.0% 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 | 67.2% | -0.3% |
% Black | 2.0% | -73.0% |
% Hispanic | 16.2% | 3.8% |
% Asian | 8.7% | 107.1% |
% Foreign Born | 17.1% | 23.0% |
Mortgage and Risk — Central City, Salt Lake City, UT
According to HUD data as of 2023, there were 95 mortgage originations in Central City, Salt Lake City, UT, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Central City, Salt Lake City, UT. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
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 15.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Central City, Salt Lake City, UT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,159 |
Total Units Section 8 | 990 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,200 | $1,460 |
| 2 Bedroom | -$90 | $1,850 | $1,760 |
| 3 Bedroom | -$80 | $2,440 | $2,360 |
| 4 Bedroom | -$1,510 | $4,200 | $2,690 |
Affordability — Central City, Salt Lake City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $443,000 |
| Median Household Income | $57,200 |