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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Salt Lake City, UT Housing Affordability Index

Salt Lake City, Utah has an MBR Housing Affordability Index score of 78.9 (Moderately Less Affordable) as of October 30, 2026, ranking 243rd most affordable of 253 scored Utah cities, compared with 90.8 statewide and 97.4 nationally. On a median-priced $539,500 home with 20% down, the Utah average 30-year fixed rate of 7.16% means a monthly principal and interest payment of about $2,919, or 47% of the city’s $75,090 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Salt Lake City is updated every night from live Utah mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Salt Lake City MBR-HAI 78.9 Moderately Less Affordable
Rank in Utah 243 of 253 1 = most affordable
Utah 90.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.16% Utah lenders
Median home value $539,500 U.S. Census Bureau

Salt Lake City is 11.9 points below the Utah score. Scores as of October 30, 2026. See the Utah index

View Salt Lake City Mortgage Rates

What It Takes to Buy in Salt Lake City

$2,919/mo
Principal & Interest
Median home, 20% down, 7.16%
$125,100
Income Needed
To keep the payment at 28% of income
$75,090
Median Household Income
Utah: $95,166
7.2x
Price-to-Income Ratio
Utah: 5.1x
$1,538/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,654/yr
Median Property Tax
0.49% of median value
25.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
49.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Salt Lake City, Utah. The rate is the Utah average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Salt Lake City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Salt Lake City, Utah score: 78.9 (Moderately Less Affordable), ranked 243 of 253 Utah cities. monitorbankrates.com/housing-affordability-index/utah/salt-lake-city”