Salt Lake City, UT Rental Market Analysis
Updated March 2026 — Investment metrics, cap rates, rent data, and neighborhood analysis for rental property investors in Salt Lake City, Utah.
Salt Lake City Rental Market Overview
Salt Lake City's tech sector (Silicon Slopes), outdoor recreation appeal, and University of Utah create strong professional rental demand.
With a median home price of $445,000 and average monthly rents around $1,850, Salt Lake City offers investors a rent-to-price ratio of 0.42%. At current market conditions, a typical rental property in Salt Lake City generates an estimated cap rate of 5% and a cash-on-cash return of approximately 5.2% with 25% down financing at 6.5%.
Major Employers in Salt Lake City
Rental demand in Salt Lake City is supported by major employers including Goldman Sachs, Adobe, Intermountain Health, University of Utah, Zions Bank. These institutions provide the job base that drives consistent tenant demand for rental housing in Salt Lake County.
Salt Lake City ZIP Codes for Investors
Key ZIP codes in the Salt Lake City metro area: 84101,84102,84103,84104,84105,84106,84107,84108,84109,84111,84112,84113,84115,84116. Each neighborhood carries different risk/return profiles — use becvio's property analysis tools to evaluate specific deals.
Analyze a Salt Lake City Rental Property
Why Invest in Salt Lake City, UT Rental Properties?
Salt Lake City stands out for rental property investors because of its competitive cap rates averaging 5%, combined with robust annual appreciation of 4.4%. The $445,000 median home price makes Salt Lake City accessible for investors at various capital levels, while $1,850/month rents provide meaningful cash flow.
With a gross rent multiplier of 20.0x and estimated DSCR of 0.23 on conventional financing, Salt Lake City rental properties may require careful underwriting to ensure positive cash flow. Investors using becvio can track these metrics in real-time across their entire portfolio.