Real Estate Investing in Salt Lake City, Utah (84103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84103 (Salt Lake City, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 37.9 — hard to cash-flow at these prices.
What’s happening in Salt Lake City, UT (84103)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84103 Salt Lake City
ZIP 84103 inside Salt Lake County looks affordable on the surface — median value of $745K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 84103 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 84103 among UT's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 23,796 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 84103 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Salt Lake City:
Property Strategy for 84103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $322,615 | $1,510 | 3.4% | +4.6% | $322,615 |
| 2BR | $513,668 | $1,810 | 2.5% | +5.0% | $256,834 |
| 3BR | $759,719 | $2,420 | 2.3% | +5.6% | $253,240 |
| 4BR | $1,042,659 | $2,760 | 1.9% | +6.2% | $260,665 |
| 5BR | $1,438,053 | — | — | +7.6% | $287,611 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84103 Compare?
| Metric | 84103 | Salt Lake City | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $744,791 | $169,092 | N/A | $530,173 |
| 5-Year CAGR | 2.5% | 2.9% | N/A | 7.0% |
| Avg Rent | $1,640 | $1,767 | N/A | - |
| Cap Rate | 1.7% | 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 84103 (Salt Lake City, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84103 (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 | $744,791 |
| Monthly Rent | $1,640 |
| Price-to-Rent | 37.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). 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 84103
Population: 23,796
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 84103
Schools in This ZIP Code
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
How do home values compare in Salt Lake City, UT?
In Salt Lake City, UT the median home value sits at $745K. Against the broader UT market, that reads as reasonable for most investors.
Does Salt Lake City, UT favor landlords or tenants?
Salt Lake City, UT operates under UT law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How strong is tenant demand in Salt Lake City, UT?
Salt Lake City, UT draws a even-keeled base of working renters. Demand at the $1,640/mo rent level is reasonable for standard single-family and small multi rentals.
Is house hacking profitable in Salt Lake City, UT?
House hacking in Salt Lake City, UT is reasonable to execute. Prices around $745K and rents of $1,640/mo solid owner-occupant economics.
Are rents high in Salt Lake City, UT?
Salt Lake City, UT rentals go for roughly $1,640/mo a month. That puts gross yield in solid territory relative to $745K acquisition costs.
You know 84103 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84103 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 84103 ranks in Salt Lake City, UT
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