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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



North Salt Lake, UT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Salt Lake, UT Housing Market Trends

With 22,537 people, 7,515 houses or apartments, and a median cost of homes of $576,264, real estate costs in North Salt Lake are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Single-family detached homes are the single most common housing type in North Salt Lake, accounting for 60.13% of the city's housing units. Other types of housing that are prevalent in North Salt Lake include large apartment complexes or high rise apartments ( 22.34%), row houses and other attached homes ( 7.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Salt Lake. Owner-occupied housing accounts for 70.31% of North Salt Lake's homes, and 53.50% have either three or four bedrooms, which is average sized relative to America.

North Salt Lake homes and real estate are some of the newest in America. 59.37% of North Salt Lake's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Salt Lake real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.93%), and between 1940-1969 ( 7.37%). There's also some housing in North Salt Lake built before 1939 ( 1.34%).

North Salt Lake Home Appreciation Rates

Appreciation rates for homes in North Salt Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.41%, which ranks in the top 30% nationwide. This equates to an annual average North Salt Lake house appreciation rate of 7.98%.

Over the last year, North Salt Lake appreciation rates have trailed the rest of the nation. In the last twelve months, North Salt Lake's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Salt Lake were at 0.24%, which equates to an annual appreciation rate of 0.96%.

Notably, North Salt Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Utah, our data show that North Salt Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Utah.

Average Home Values

Median Home Value

$576,264

North Salt Lake, UT Home Prices
> $1,334,000
$1,000,001 - $1,334,000
$667,001 - $1,000,000
$533,001 - $667,000
$401,001 - $533,000
$267,001 - $401,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
7.3%
7.3%
8.7%
8.7%
20.1%
20.1%
22.5%
22.5%
25.0%
25.0%
11.2%
11.2%
1.7%
1.7%
0.8%
0.8%
2.5%
2.5%
0% 100.0%
% of Homes
High

for Utah

Very High

for nation

Number of Homes And Apartments:

7,515

North Salt Lake Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,373 / per month

Homeownership Rate

Owners
Renters
70.3%
70.3%
29.7%
29.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.2%
3.2%
96.8%
96.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
59.4%
59.4%
31.9%
31.9%
7.4%
7.4%
1.3%
1.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.1%
60.1%
7.1%
7.1%
6.2%
6.2%
22.3%
22.3%
4.2%
4.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
4.9%
4.9%
21.3%
21.3%
32.6%
32.6%
20.9%
20.9%
19.7%
19.7%
0% 100.0%
% of Homes

Popular Neighborhoods in North Salt Lake

Zip Codes in North Salt Lake, UT