The median home in Salt Lake City was valued at $620,100 in 2024. Home prices across the metro area have moved since, and carried forward by the FHFA index, that's about $656,000 as of 2026 Q2. Projected forward, it would be about $672,000 in 2027 and $891,000 in 2031. The first 2 years follow the metro index's change over the past year (+2.4%); later years use its 2020–2025 average (+9.0% a year).
Salt Lake City home values by year
| Year | Median home value | Basis |
|---|---|---|
| 2026 Q2 (estimate) | $656,000 | ACS 2024 value × FHFA index change |
| 2027 (projected) | $672,000 | +2.4% (past year) |
| 2028 (projected) | $688,000 | +2.4% (past year) |
| 2031 (projected) | $891,000 | +9.0% (2020–2025 average) |
Median home value in Salt Lake City, from the Census
| Year | Median home value |
|---|---|
| 2019 | $378,300 |
| 2023 | $566,400 |
| 2024 | $620,100 |
Read this with care
The Census value is owners' own estimate, and the FHFA index covers the whole metro area (Salt Lake City-Murray, UT), not Salt Lake City alone. Moving a 2024 city median forward by a metro index is an estimate, and the projection carries two trends forward; it isn't a call on the next turn. For a specific ZIP code, use Predictye Property.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024) forSalt Lake City (Salt Lake City city, Utah); medians are shown only when their margin of error is within 10%. FHFA all-transactions house price index for Salt Lake City-Murray, UT, through 2026Q2. How Predictye calculates this.
Frequently asked questions
What will homes in Salt Lake City, UT be worth in 2027?
A home at the city's median would be worth about $672,000 in 2027, starting from an estimated $656,000 in 2026 Q2. The first 2 years follow the metro index's change over the past year (+2.4%); later years use its 2020–2025 average (+9.0% a year).
What is the median home value in Salt Lake City, UT?
$620,100 in 2024, from the Census Bureau's American Community Survey. It's owners' estimate of their home's value.
Are home prices in Salt Lake City, UT going up or down?
Across Salt Lake City-Murray, UT, the FHFA house price index moved +2.4% over the year to 2026 Q2, and averaged +9.0% a year from 2020 to 2025.