Real Estate Investing in Salt Lake City, Utah (84102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84102 (Salt Lake City, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 31.0 — hard to cash-flow at these prices.
What’s happening in Salt Lake City, UT (84102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84102 Salt Lake City
Investors eyeing 84102 need to respect the fundamentals at play. Home values of $546K come alongside slower price movement and elevated management overhead.
For an experienced owner, 84102 can be a a solid fit for hunting ground — but the discount at $546K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Salt Lake City have seen price recovery that 84102 has not matched. Salt Lake County data supports the view that the spread is structural rather than temporary.
Resident income in 84102 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Salt Lake City's stable or hybrid ZIPs before stepping into 84102. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Salt Lake City:
Property Strategy for 84102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $310,172 | $1,460 | 3.4% | +5.7% | $310,172 |
| 2BR | $445,770 | $1,750 | 2.8% | +5.5% | $222,885 |
| 3BR | $634,399 | $2,340 | 2.7% | +6.2% | $211,466 |
| 4BR | $774,403 | $2,670 | 2.5% | +6.4% | $193,601 |
| 5BR | $925,977 | — | — | +5.6% | $185,195 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84102 Compare?
| Metric | 84102 | Salt Lake City | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $545,947 | $169,092 | N/A | $530,173 |
| 5-Year CAGR | 2.4% | 2.9% | N/A | 7.0% |
| Avg Rent | $1,470 | $1,767 | N/A | - |
| Cap Rate | 2.1% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84102 (Salt Lake City, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84102 (Salt Lake City, UT)?
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Property managers serving Salt Lake County
Manage rentals here? List your business →ICO Property Management constructs and oversees luxury Utah apartment communities, crafting enriching lifestyle experiences for residents across 17 locations along the Wasatch Front. summary from their website
Intermountain Association Management (IAMHOA) is a Utah HOA management company providing professional services statewide. summary from their website
Nxt Property Management is Utah's premier third-party multifamily management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $545,947 |
| Monthly Rent | $1,470 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 4.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +2.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84102
Population: 19,145
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 84102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Horizonte Instruction & Training Center
Emerson School
Hawthorne School
Liberty School
Uintah School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,490 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Salt Lake City, UT good for house hacking?
House hacking works a challenging in Salt Lake City, UT. Rents of $1,470/mo against $546K acquisition make the strategy solid for owner-occupants.
What is it like being a landlord in Salt Lake City, UT?
Rental owners in Salt Lake City, UT deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of market is Salt Lake City, UT for investors?
The 3.0/5 investability rating in Salt Lake City, UT reflects its $546K prices and $1,470/mo rents. Investors generally consider it a solid option within UT.
How much do tenants pay in Salt Lake City, UT?
Average rent in Salt Lake City, UT is approximately $1,470/mo per month. Against $546K home values that yields a reasonable rent-to-price ratio.
How strong is tenant demand in Salt Lake City, UT?
The renter base in Salt Lake City, UT is reasonable for the $1,470/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 84102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 84102 ranks in Salt Lake City, UT
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