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Condos Homes in South Salt Lake, UT

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South Salt Lake, UT Foreclosures

How much do homes sell for in South Salt Lake, UT?
The average home price is currently $408,655.
In South Salt Lake, UT, how many homes are available?
There are currently 2,546 active home listings available in South Salt Lake.
What’s the average rental cost in South Salt Lake, UT?
The average rental price in South Salt Lake is $1,356.
What is the most expensive home in South Salt Lake, Utah?
The most expensive home sold in South Salt Lake had a price of $6,465,700.
What is currently the cheapest priced home in South Salt Lake, UT?
The cheapest home for sale in South Salt Lake is priced at $29,263.

Home Value Estimator For South Salt Lake, UT

There are currently 2,546 real estate properties in South Salt Lake, UT, with a median automated valuation model (AVM) price of $411,466.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Salt Lake, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in South Salt Lake, UT, is $408,655.00, with the most expensive house in South Salt Lake, UT, topping out at $6,465,700.00 and the cheapest home in South Salt Lake, UT, clocking in at $29,263.00. In other words, there’s something for every potential homebuyer or savvy investor in South Salt Lake, UT!


Rent Prices In South Salt Lake, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Salt Lake, UT, is on a rollercoaster ride. The average rent price in South Salt Lake, UT, is $1,356.00. Indeed, when looking to rent in South Salt Lake, UT, you can expect to pay as little as $660.00 or as much as $3,080.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in South Salt Lake, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In South Salt Lake, UT In 2024

South Salt Lake is located in Salt Lake, Utah, with an estimated municipal population of 25,582 residents. All of the best foreclosed homes for sale in South Salt Lake are located in the following zip code areas on Foreclosure.com: 84119 84115 84165 84190. The estimated population per square kilometer (.62 miles) in South Salt Lake is 1,422.


Cost Of Living In South Salt Lake, UT

So, about how much do homes cost in South Salt Lake? The most recent median value of resident-owned homes in South Salt Lake is 225,987. An estimated 40.1 percent of households in South Salt Lake own their homes, with an average family size of 3.18. The median household income in South Salt Lake is 47,813, with14.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Salt Lake, the median commute time of resident workers (in minutes) is 20.8. And last, but certainly not least, are you looking for homes to rent in South Salt Lake? If so, the average rent price paid by renters in South Salt Lake is 908, according to recent statistics.


Diversity And Demographics In South Salt Lake, Utah

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to South Salt Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in South Salt Lake is 32.2, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in South Salt Lake is 38.4, with an average family size of 3.18.

The percentage of residents who report their race in South Salt Lake is as follows:

White 65%
Black / African American 7.2%
Asian 10.4%
American Indian / Alaskan Native 1.9%
Native Hawaiian / Other Pacifc Islander 3%
Multi-racial 4.2%
Other 8.2%

Looking for family-friendly neighborhoods in and/or near South Salt Lake? Or maybe you are searching for 55+ active adult communities in and/or near South Salt Lake?

The percentage of residents who report their age in South Salt Lake is as follows:

Under 10 12.7%
Aged 10-19 11.8%
20s 21.3%
30s 19.5%
40s 12.8%
50s 9.7%
60s 7.3%
70s 2.7%
80+ 1.9%

Best Schools In South Salt Lake, Utah

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in South Salt Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in South Salt Lake.


Pros And Cons Of Living In South Salt Lake, Utah

How do you know that living in -- or moving to -- South Salt Lake is right where you need to be? Perhaps you grew up in South Salt Lake or already live nearby; therefore, the decision to buy a home in South Salt Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to South Salt Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in South Salt Lake:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like South Salt Lake.


Reasons To Move To South Salt Lake, Utah, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in South Salt Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in South Salt Lake, meanwhile, can field multiple offers from more qualified buyers.

South Salt Lake, UT Condos Foreclosures


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