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Salt Lake City, UT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,625
Monthly Cash Flow
-$1,097
Principal + Equity
$3,997
Annual Total Gain
$34,803
Cash on Cash
-9.4%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$157
Occupancy Rate
67.74%
Monthly Revenue
$2,320
Monthly Cash Flow
-$749
Principal + Equity
$3,997
Annual Total Gain
$38,971
Cash on Cash %
-6.42%
Net ROI %
Market Health & Growth
Median Income
$74,925
Population
203,888
LTR Renter %
53.22%
Forecast (1 yr)
1.27%
Appreciation (1 yr)
1.55%
Appreciation (5 yr)
34.66%
Appreciation (10 yr)
108.94%
Job Growth
2.07%
LTR Rentability
High
STR Demand
73
STR Rentals
3,563
Top Public Schools
AItineris Early College High School
A-Academy for Math, Engineering & Science (AMES)
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Healthiest Cities in America
#40out of 229 markets
Healthiest Places to Live in America
#40out of 230 markets
Best Cities for Outdoor Activities in America
#30out of 229 markets
B
Public School
C-
Crime And Safety
C-
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Salt Lake City, UT.
Salt Lake City, UT has specific regulations in place for Short Term Rentals (STR) that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Licensing: All STR hosts in Salt Lake City are required to obtain a Short-Term Rental Business License from the city. This license must be renewed annually and hosts must comply with all licensing requirements.
2. Zoning restrictions: Salt Lake City has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short-term rentals.
3. Occupancy limits: Salt Lake City has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are compliant with them.
4. Safety and health regulations: Salt Lake City has specific safety and health regulations that STR hosts must adhere to, including requirements for smoke detectors, carbon monoxide detectors, and fire extinguishers.
5. Taxes: Investors should be aware that they are required to collect and remit transient room taxes on all short-term rental stays in Salt Lake City. Failure to do so can result in fines and penalties.
6. Noise regulations: Salt Lake City has noise regulations in place that STR hosts must comply with. Investors should be aware of these regulations and ensure that their guests are respectful of noise levels.
Overall, investors considering purchasing a property for Short Term Rental in Salt Lake City should thoroughly research and understand the regulations in place to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Salt Lake City, UT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Salt Lake City, UT.
The LTR Genie Score of Salt Lake City, UT is 70 and STR Genie Score is 69, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0551% suggests a steady increase in rental prices, while the LTR Net ROI of 24.87% and STR Net ROI of 27.85% demonstrate strong returns on investment. The 1-Year Price Appreciation Forecast of 1.27% indicates potential for property value growth. The high STR Occupancy rate of 67.74% and STR Revenue of 2320 further support the attractiveness of the short-term rental market in Salt Lake City.
Salt Lake City, UT is a growing metropolitan area known for its strong economy, outdoor recreational opportunities, and quality of life. The city has a diverse economy with major industries including technology, healthcare, and finance, making it an attractive location for real estate investment.
Overall, Salt Lake City, UT appears to be a promising market for both long-term and short-term rental investments. With high rentability scores, strong ROI, and positive price appreciation forecasts, investors may find success in either rental strategy. However, considering the slightly higher Genie Score for long-term rentals, investors may lean towards this option for more stable and consistent returns in the Salt Lake City market.
LTR Genie Score 93
$549,000
🛏 5 Beds🛁 2.0000 Baths🏙 2,184 sqft.🏠 SINGLE FAMILY