Skip to Content

Facts Property Investors Want to Know

Interesting Facts & Statistics

  • Salt Lake City covers a total area of 110.4 square miles, with 109.1 square miles covered in land, and 1.5 square miles covered in water.
  • The elevation of Salt Lake City is 4,226 ft.
  • Salt Lake City consists of 75.1% Whites, 2.7% African Americans, 17% Hispanics or Latinos, and 5.2% other races
  • Major corporations headquartered in Salt Lake City Include Huntsman Corporation, Zions Bancorporation, United Potato Growers of America, and other notable companies.
  • Utah County has 3 school districts and 2 higher education institutions.
  • Salt Lake City is nicknamed “The Crossroads of the West”.

Events and Attractions in Salt Lake City

  • Annual Salt Lake Jazz Festival
  • Gay Pride Festival
  • Utah Symphony
  • Hogle Zoo
  • This is the Place Heritage Park
  • Home of the Utah Jazz (NBA Basketball)
  • Pioneer Theatre Company
  • Twilight Concert Series
  • Gallivan Events
  • Children’s Theater of Salt Lake
  • Mormon Tabernacle Choir
  • Rose Wagner Performing Arts Center
  • Finch Lane Gallery at the Art Barn

Salt Lake City Community Statistics

  • Salt Lake City has a population of 1,095,103, with 359,860 households
  • 48.1% of residents in Salt Lake City are childless, whereas 51.9% have children that are 18 and under
  • There are 30.1% renters in Salt Lake City, compared to 69.9% of those who own their homes.
  • Rental vacancy rates in Salt Lake City are 5%
  • The median age is 30.7 years old
  • Median household income is $58,885 in Salt Lake City, compared to $52,175 for all adult U.S. Residents
  • Per capita income is $25,404 locally, compared to $27,466 for all adult U.S. Residents
  • The median home value in Salt Lake City is $234,700
  • 33.5% of all housing in Salt Lake City is valued at $300,000 or more
  • 89% of Salt Lake City residents have a high school diploma, and 30% of residents have a 4 year college degree.

Salt Lake City Rental Statistics

  • In 2012, the average monthly rent amount in Salt Lake City was $783 per month for a single family home, and $682 for a 1 bedroom apartment.
  • Salt Lake City residents pay on average about 30% of their annual household income in rent.
  • As of 2013, 30% of Salt Lake City residents were renters, compared to 36.98% of renters in the U.S.
  • Owner average household size is 3.13 people, compared to 2.68 for renters
  • The rent to price ratio in Salt Lake City is 0.3%.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details