Salt Lake City, UT 84116 - Real Estate Investment Insights & Performance Data

Welcome to our 84116 real estate data hub, tailored for investors in Salt Lake City, UT. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 84116 in Salt Lake City, UT. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SALT LAKE COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Salt Lake City, UT real estate investing. Uncover the wealth of information available, and position yourself for success in the Salt Lake City property market.

• Location Overview

  • Zip Code: 84116
  • City: Salt Lake City
  • State: UT
  • Metro Area: Salt Lake City, UT
  • County Name: SALT LAKE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $419,914
  • Average Home Price (Single Family Homes): $422,828
  • Average Monthly Rental Price (All Types): $1,414
  • Price-to-Rent Ratio: 25
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.7%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,340
  • Average 3 Bedroom Section 8 Rental Rates: $1,840
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.11
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.02
  • Number of Units Offered in Section 8 in the County: 2655
  • Number of Occupied Units in Section 8 in the County: 2488
  • Percentage of Section 8 Units Occupied in the County: 93.69999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 589.39
  • Total % Appreciation since 2000 (Government Data): 226.1
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.01%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -1.15%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.86%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 61.88%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 165.44%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 115.64%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 185.69%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -0.36%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.27%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 32.05%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 47.37%