Real Estate Investing in Salt Lake City, Utah (84111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84111 (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.
- High vacancy: 13.5% of homes vacant — above national norms.
What’s happening in Salt Lake City, UT (84111)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84111 Salt Lake City
On the rental side, ZIP 84111 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $455K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 84111 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within UT, ZIP 84111 trails on several market indicators that neighboring Salt Lake County submarkets outperform. The gap is real and solid enough to shape underwriting.
A notable renter share of 76% in 84111 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 84111 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 84111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $302,444 | $1,460 | 3.5% | +4.3% | $302,444 |
| 2BR | $435,639 | $1,750 | 2.9% | +5.3% | $217,819 |
| 3BR | $526,526 | $2,340 | 3.2% | +5.2% | $175,509 |
| 4BR | $606,907 | $2,670 | 3.2% | +5.4% | $151,727 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84111 Compare?
| Metric | 84111 | Salt Lake City | Salt Lake City, UT | Utah |
|---|---|---|---|---|
| Home Value | $455,057 | $169,092 | N/A | $530,173 |
| 5-Year CAGR | 1.9% | 2.9% | N/A | 7.0% |
| Avg Rent | $1,917 | $1,767 | N/A | - |
| Cap Rate | 3.3% | 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 84111 (Salt Lake City, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84111 (Salt Lake City, UT)?
~25 seconds · no account needed · your report is anonymous
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 | $455,057 |
| Monthly Rent | $1,917 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 84111
Population: 12,446
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 84111
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
City Academy
Salt Lake Center for Science Education Bryant
Horizonte Instruction & Training Center
Emerson School
Utah International Charter 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
What do landlords charge for rent in Salt Lake City, UT?
Rental rates in Salt Lake City, UT average $1,917/mo. Tenant demand and $455K home values make the yield look reasonable by investor standards.
What are home prices like in Salt Lake City, UT?
Typical homes in Salt Lake City, UT go for around $455K. The 5-year CAGR of 0.0% measured price movement.
What kind of vacancy should I budget for in Salt Lake City, UT?
Vacancy risk in Salt Lake City, UT is elevated. That supports consistent cash flow for typical rental holds.
Are renters plentiful in Salt Lake City, UT?
The renter base in Salt Lake City, UT is reasonable for the $1,917/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is real estate in Salt Lake City, UT a good investment right now?
Yes - Salt Lake City, UT a 2.0/5 investability score. With $455K home prices against $1,917/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 84111 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84111 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 84111 ranks in Salt Lake City, UT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 84111 (Salt Lake City)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 84111 (Salt Lake City, UT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.