Investing in Utah
Utah is one of the winners of the pandemic given its booming population growth. Home to some of the most beautiful national parks and a top destination for skiiers, Utah has done a good job attracting new residents. If you're looking to invest in Utah real estate, take a look at what the Nophin team found.
Statewide vacancy rates
Salt Lake City, UT
Salt Lake City is the state capital of Utah and known for being the center for the Mormon Church.
- Population: 199,723
- Median household income: $63,156
- Median 1-bedroom monthly rent: $1,253
- Median listing home price: $579,000
Provo, also known as the "Garden City" for its orchards and trees, is America's youngest city. According to the US Census Bureau, the median age of the city is 23.3.
- Population: 115,162
- Median household income: $50,072
- Median 1-bedroom monthly rent: $945
- Median listing home price: $449,900
Ogden is located north of Salt Lake City and sits at the foot of the Wasatch Mountains.
- Population: 87,321
- Median household income: $55,974
- Median 1-bedroom monthly rent: $925
- Median listing home price: $399,000
St. George, UT
St. George is known for its close proximity to Zion National Park and The Grand Canyon.
- Population: 95,342
- Median household income: $59,989
- Median 1-bedroom monthly rent: $1,020
- Median listing home price: $599,000
Logan is one of the fastest growing cities in Utah and considered one of the best places to live.
- Population: 52,778
- Median household income: $43,056
- Median 1-bedroom monthly rent: $843
- Median listing home price: $409,000
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To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.