Real Estate Investing in Salt Lake City, Utah (84108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84108 (Salt Lake City, UT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
What’s happening in Salt Lake City, UT (84108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84108 Salt Lake City
The 84108 ZIP covers a section of Salt Lake City that demands careful diligence. Prices near $953K look accessible, but the work to make a deal cash flow is real.
The investment case in 84108 is robust only for operators who understand what they are buying. A $953K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within UT, ZIP 84108 trails on several market indicators that neighboring Salt Lake County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 84108 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Salt Lake City's stable or hybrid ZIPs before stepping into 84108. 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 84108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $381,801 | $1,580 | 3.0% | +3.5% | $381,801 |
| 2BR | $607,148 | $1,890 | 2.2% | +6.2% | $303,574 |
| 3BR | $802,596 | $2,520 | 2.3% | +7.2% | $267,532 |
| 4BR | $942,879 | $2,880 | 2.2% | +7.3% | $235,720 |
| 5BR | $1,316,778 | — | — | +8.4% | $263,356 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84108 Compare?
| Metric | 84108 | Salt Lake City | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $952,984 | $169,092 | N/A | $530,173 |
| 5-Year CAGR | 4.0% | 2.9% | N/A | 7.0% |
| Avg Rent | $2,712 | $1,767 | N/A | - |
| Cap Rate | 2.2% | 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 84108 (Salt Lake City, UT). Anonymous, moderated, never written by AI.
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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 | $952,984 |
| Monthly Rent | $2,712 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 84108
Population: 21,951
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 84108
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 much rent can I charge in Salt Lake City, UT?
Expect rents around $2,712/mo per month in Salt Lake City, UT. With home values at $953K, the yield math works out to reasonable levels for rental investors.
Do landlords face vacancy issues in Salt Lake City, UT?
Salt Lake City, UT carries elevated vacancy risk. Expect even-keeled absorption at market rents of $2,712/mo.
Should investors consider Salt Lake City, UT?
Salt Lake City, UT rates 3.0/5 for investability. With median values at $953K and rents near $2,712/mo, the market offers reasonable fundamentals for rental investors.
Are homes affordable in Salt Lake City, UT?
The median home value in Salt Lake City, UT is roughly $953K. That puts it reasonable relative to the UT statewide average.
Is Salt Lake City, UT a good market for FHA house hackers?
House hacking works a challenging in Salt Lake City, UT. Rents of $2,712/mo against $953K acquisition make the strategy solid for owner-occupants.
You know 84108 now. You don’t know where it ranks.
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How 84108 ranks in Salt Lake City, UT
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