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Salt Lake City city, UT

ZIP 84111 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84111

Median Home Value
$423,000
Median Rent
$1,235
Affordability Snapshot
$116,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,717/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84111 in Salt Lake City city, UT, a household would need roughly $116,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,717. That is about 103% above the local median household income ($57,188), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
23.9%-64% vs US avg
x
Vacancy Rate
14.1%+37% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
0.8%-95% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
3.2%-53% vs US avg
x
Rent Burden >30%
23.2%-53% vs US avg
x
Mortgage-Free
34.2%-11% vs US avg
x
$423,000
Home Value
$1,235
Rent
1981
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached16.3%
  • 1-unit attached2.7%
  • 2-9 units6.8%
  • 10+ units74.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$423,000
Median rent$1,235
Owner-occupied23.9%
Vacant14.1%
Price-to-income7.4x
Est. income to buy$116,000