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Salt Lake City city, UT

ZIP 84116 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84116

Median Home Value
$334,900
Median Rent
$1,180
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,151/mo PITI).

20%
Rent-to-Income Ratio

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

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.7 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 84116 in Salt Lake City city, UT, a household would need roughly $92,000 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 $2,151. That is about 32% above the local median household income ($69,604), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
52.9%-19% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
6.8%-54% vs US avg
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
1.6%-78% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
31.4%-18% vs US avg
x
$334,900
Home Value
$1,180
Rent
1978
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached49.8%
  • 1-unit attached4.5%
  • 2-9 units12.4%
  • 10+ units28.9%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$334,900
Median rent$1,180
Owner-occupied52.9%
Vacant7.5%
Price-to-income4.8x
Est. income to buy$92,000