What's a good cap rate in Salt Lake City?

In Salt Lake City, cap rates typically run around 5.5% (Salt Lake City metro median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Salt Lake City deal lands versus this benchmark.

What's the average rent for a rental in Salt Lake City?

A typical rental in Salt Lake City runs about $1,747–$2,333/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Utah?

Utah's effective property tax rate is about 0.57% of value per year — the figure TrueCap applies by default for Salt Lake City deals. You can override it with the exact local rate.

Salt Lake City, UT

Salt Lake City rental property analysis

Salt Lake City has one of the country's strongest economies and tightest rental markets — low vacancy and rising rents, offset by appreciation-compressed cap rates.

Salt Lake City market snapshot

Appreciation market

Compressed cap rates — the play here is long-term price growth over day-one cash flow.

Typical cap rate

5.5%

Salt Lake City metro median

Typical rent

$1,747–$2,333/mo

HUD FMR · 2–3BR · 2026

Typical price

$420,000–$560,000

est., all-in

Property tax

0.57%

Utah effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Salt Lake City a good place to buy rentals?

Demand is exceptional, but pricing means modest day-one cash flow. Check Ogden to the north for better ratios within the same metro economy.

See the full Utahinvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Salt Lake City

West Valley City

Affordable, family renters, steadier ratios.

Ogden

Better cash flow north of the core, growing demand.

Magna

Value-add entry, improving area.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Salt Lake City deal in 60 seconds

Paste a Salt Lake City address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Utah tax and HUD rent so you start from the right assumptions.

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