State · UT

Utah

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$517k

+1.2%

Zillow ZHVI

Median rent

$1,900/mo

+3.0%

Zillow ZORI

Gross yield

4.41%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$93,421

Census ACS

Owner-occupied

69.5%

Census ACS

Renter-occupied

30.5%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 4.41% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 3.0% YoY while values moved 1.2%. That gap drives whether yield compresses or expands over time.

Renter share is 31% - a deep renter pool means lower vacancy risk in Utah.

Median income of $93,421 sets the affordability ceiling on rent growth.