Rental Investing in Salt Lake City, UT
2026 Market Data & Investment Analysis
Gross Yield
5.1%
Annual rent / price
Median Home Price
$450,000
As of 2026-Q1
Median Monthly Rent
$1,900
Per month
Population
200,591
+1.1% / yr (5y avg)
Calculate Your Return in Salt Lake City
Pre-filled with Salt Lake City's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
5.07%
Net Rental Yield
3.28%
Cap Rate
3.28%
Monthly Cash Flow
$1,230.00
Annual Cash Flow
$14,760.00
Market Overview
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
Salt Lake City provides solid rental yields of 5.1%, in line with healthy investment market benchmarks.
Strong population growth of 1.1% per year suggests increasing rental demand and a tightening supply-demand balance over time.
The vacancy rate of 4.8% is healthy, indicating strong rental demand and limited downtime between tenants.
Investment Profile
Salt Lake City features strong population growth that may drive property values higher over time. Current rental yields are modest, so returns are more dependent on price appreciation than immediate rental income.
✓ Strengths
- •Population growth of 1.1% per year supports long-term demand
- •Appreciation potential may deliver strong total returns over time
- •Robust rental demand from growing workforce and population
! Risks
- •Gross yield of 5.1% provides limited current cash flow
- •Higher purchase prices require larger upfront capital
- •Returns more sensitive to market cycles and interest rates
Key Metrics
How Salt Lake City Compares
Salt Lake City vs Denver: 0.9 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Denver, CO | $540,000 | $1,900 | 4.2% | +0.7% |
| Boise, ID | $390,000 | $1,750 | 5.4% | +2.2% |
| Las Vegas, NV | $380,000 | $1,750 | 5.5% | +1.4% |
| Phoenix, AZ | $380,000 | $1,700 | 5.4% | +1.9% |
| Portland, OR | $480,000 | $2,000 | 5% | +0.1% |
Frequently Asked Questions
Is rental investing profitable in Salt Lake City?▾
What is the average rental yield in Salt Lake City?▾
How does Salt Lake City compare to Denver for investors?▾
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Data source: Zillow Research / U.S. Census Bureau. Last updated: 2026-Q1. This information is for educational purposes only and does not constitute investment advice.