The Zumper Salt Lake City Metro Report analyzed active listings in January 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 $857 last month.
Cities Ranked By Rent
The Most Expensive
–Sandy, UT rent grew $50 to $1,100 and continued to rank as the most expensive in the metro.
–South Jordan, UT moved up one spot, and past Midvale, to become the second priciest city with rent at $1,020.
–Midvale, UT fell to third with one bedrooms priced at $980.
The Least Expensive
– South Salt Lake, UT rent dropped $40 to $730 and remained the most affordable in the metro.
–Millcreek, UT ranked as second with rent at $800.
–Murray, UT dropped one spot to become the third least expensive city with rent at $860.
Growth Rate
The Fastest Growing (Y/Y%)
–Salt Lake City, UT had the fastest growing rent since this time last year, climbing 15.9%.
–Sandy, UT followed closely behind as second with rent growing 15.8%.
–Taylorsville, UT had the third largest year over year rental growth rate, up 15.2%.
The Fastest Growing (M/M%)
–Sandy, UT also had a large monthly rental growth rate, increasing 4.8%.
Full Data
| 1 Bedroom | 2 Bedrooms | ||||||
|---|---|---|---|---|---|---|---|
| Pos. | City | Price | M/M % | Y/Y % | Price | M/M % | Y/Y % |
| 1 | Sandy | $1,100 | 4.80% | 15.80% | $1,250 | 0.80% | 1.60% |
| 2 | South Jordan | $1,020 | 3.00% | 4.10% | $1,300 | 0.80% | 2.40% |
| 3 | Midvale | $980 | -2.00% | -3.00% | $1,070 | -0.90% | 15.10% |
| 4 | Salt Lake City | $950 | -3.10% | 15.90% | $1,230 | -3.10% | 15.00% |
| 5 | Taylorsville | $910 | 3.40% | 15.20% | $980 | -1.00% | 7.70% |
| 6 | West Jordan | $900 | -1.10% | 5.90% | $1,020 | 5.20% | 10.90% |
| 7 | West Valley City | $880 | 3.50% | 8.60% | $980 | 5.40% | 10.10% |
| 8 | Murray | $860 | 1.20% | -1.10% | $920 | 0.00% | 0.00% |
| 9 | Millcreek | $800 | -2.40% | 0.00% | $950 | -1.00% | -2.10% |
| 10 | South Salt Lake | $730 | -5.20% | -6.40% | $890 | 4.70% | 6.00% |
About
The Zumper Dallas Metro Report analyzed active listings of Salt Lake City apartments that hit the market in January 2018. Listings are aggregated by city to calculate median asking rents.
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The post Salt Lake City Metro Report: February 2018 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
