Utah Real Estate Market Trends 2026
525000
Median Price
Vacancy Rate %
5.8
Population
3417734
Population Growth %
1.5
Home Price YoY % Change
0.5
Average Cap Rate %
5
Rent Yoy % Growth
-1
Median Rent
1300
Market Overview
Utah's real estate market in 2026 features a median home price of $525,000, reflecting a +0.5% year-over-year change. The rental market shows declining rents with a median one-bedroom at $1,300/month and two-bedroom at $1,580/month (-1% YoY). With a population of 3.4M that is rapidly growing, Utah represents a premium market with strong rental demand. The vacancy rate of 5.8% is near the national average (national: 7.2%). Top investment cities include Salt Lake City, Provo, Ogden, St. George, Lehi. Utah is considered landlord-friendly in terms of rental regulations.
Top Investment Cities
Salt Lake City, Provo, Ogden, St. George, Lehi
Investment Outlook
Utah's market offers an average cap rate of 5%, typical of premium markets. Strong population growth supports long-term appreciation potential, offsetting lower initial yields. The high rental demand in Salt Lake City and Provo provides the strongest opportunity for consistent occupancy and rent growth.
Key Takeaways for 2026
Median home price: $525,000 (+0.5% YoY)
Average rent: $1300-$1580/mo
Cap rate: 5%
Vacancy: 5.8%
Population growth: +1.5%
Demand: High
Regulation: Landlord-Friendly