Market Snapshot
- Median listing price
- $549K
- Median rent
- $1,400/mo
- Days on market
- 54 days
- Gross rental yield
- 3.06%
- STR vs LTR
- $1,478/mo STR · $1,400/mo LTR
The median listing price in Salt Lake City, UT ZIP 84107 is $549,437.5 as of July 2026.
The median market rent in Salt Lake City, UT ZIP 84107 is $1,400/month as of July 2026.
The median days on market in Salt Lake City, UT ZIP 84107 is 54 days as of July 2026. The market is currently neutral.
At a median list price of $549,437.5 and a median rent of $1,400/month, the gross rental yield in Salt Lake City, UT ZIP 84107 is 3.06% as of July 2026.
In Salt Lake City, UT ZIP 84107, median Airbnb revenue is $1,478/month compared to median long-term rent of $1,400/month as of July 2026.
Salt Lake City, UT 84107 Real Estate Market Report
ZIP Code: 84107
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Salt Lake City, UT, are averaging approximately 6.5% as of July 2026, reflecting a stable but elevated interest rate environment for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- Median sold price is the primary indicator of market value and recent transaction activity; compare that context against the median listing price 549,438 to gauge seller expectations and realized prices, noting the market appears to be balanced between buyers and sellers.
- Pricing snapshot shows modest appreciation context with the reported price trend labeled up; this up indicator suggests sellers can still achieve price gains in certain segments despite a neutral temperature.
- Liquidity signals point to slower sales velocity given a median days on market 54, which may indicate more negotiation room for buyers and moderate time-to-contract for sellers.
- Supply and macro pressure: sample data indicates elevated inventory relative to sales activity alongside elevated interest rate pressure and local 30-year fixed mortgage rates of approximately 6.5%, a combination that may sustain pricing friction and extend marketing times for some listings.
Notable Properties
The following 1 property represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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