There are currently 2,548 real estate properties in South Salt Lake, UT, with a median automated valuation model (AVM) price of $407,164.00. 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 $406,732.00, 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!
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 $1,355.00. 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.
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.
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.
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:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
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:
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.
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:
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.
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.
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