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Salt Lake City Metro Report: December 2017

The Zumper Salt Lake City Metro Report analyzed active listings in November across 10 metro cities to show the most and least expensive cities and cities with the Fastest Growing rents. The Utah state median rent was $845 last month.

Cities Ranked By Rent

Slide5

The Most Expensive

–Midvale, UT rent remained at $1,050 and also as the most expensive in the metro.

–Sandy, UT outpaced South Jordan to become the second priciest city with one bedrooms priced at an even $1,000.

–South Jordan, UT fell one spot to rank as third with rent at $990.

The Least Expensive

– South Salt Lake & Millcreek, UT tied with prices both at $780, making them the most affordable in the metro.

–West Valley City, UT rent climbed $40 last month, settling at $810, and up one spot to rank as second least expensive.

–Murray, UT ranked as third with rent priced at $830.

Growth Rate

Slide6

The Fastest Growing (Y/Y%)

–South Salt Lake, UT had the largest yearly rental growth rate, up 10.7%.

–Taylorsville, UT rent was the second fastest growing, climbing 9% since this time last year.

The Fastest Growing (M/M%)

–West Valley City, UT had the fastest growing rent since last month, jumping 5.2%.

–Murray, UT followed closely behind as second with rent up 5.1%.

SLCMetro

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Midvale$1,0500.00%5.00%$1,1000.00%-1.80%
2Sandy$1,000-1.00%5.30%$1,2100.80%12.00%
3South Jordan$990-4.80%-1.00%$1,280-5.20%2.40%
4West Jordan$9603.20%3.20%$1,020-1.90%-6.40%
5Salt Lake City$9304.50%10.70%$1,240-0.80%15.90%
6Taylorsville$8501.20%9.00%$1,0404.00%15.60%
7Murray$8305.10%1.20%$9101.10%2.20%
8West Valley City$8105.20%1.30%$900-2.20%3.40%
9Millcreek$780-4.90%-2.50%$9303.30%-2.10%
9South Salt Lake$7801.30%5.40%$890-5.30%4.70%

About

The Zumper Dallas Metro Report analyzed active listings of Salt Lake City apartments that hit the market in November 2017. Listings are aggregated by city to calculate median asking rents.

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The post Salt Lake City Metro Report: December 2017 appeared first on The Zumper Blog.



This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Salt Lake City Metro Report: December 2017

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