House Hacking Investing in Salt Lake City, UT
Data-driven house hacking analysis for Salt Lake City, UT — score breakdown, key investment metrics, and how it compares to other markets.
Last updated: May 2026
Score Breakdown
Key Metrics for House Hacking
Median Price
$420,000
FHA 3.5% down: $14,700
Median Rent
$1,650/mo
Per-unit rental income
Vacancy Rate
5.4%
Very tight
Pop. Growth
+5.0%
5-year trend
House Hacking Investment Thesis
Salt Lake City has a young, growing population with a tech corridor driving job growth. Tight vacancy and low property taxes offset the higher purchase prices. Best for long-term appreciation investors.
How Salt Lake City Compares
| Rank | City | House Hack Score | Cap Rate | Median Price |
|---|---|---|---|---|
| #31 | Dallas, TX | 4.5 | 5.7% | $340,000 |
| #32 | Tampa, FL | 4.5 | 5.5% | $350,000 |
| #33 | Chicago, IL | 4.4 | 6.0% | $275,000 |
| #34 | Salt Lake City, UT | 4.4 | 5.4% | $420,000 |
| #35 | Phoenix, AZ | 4.3 | 4.9% | $385,000 |
| #36 | Richmond, VA | 4.1 | 6.2% | $280,000 |
| #37 | Philadelphia, PA | 4.1 | 5.6% | $240,000 |
Showing markets ranked near Salt Lake City for this strategy.
Quick Math: Estimated Annual Return
Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.
Frequently Asked Questions
What is the house hack score for Salt Lake City, UT?
Salt Lake City, UT scores 4.4 out of 10 on our house hack score, ranking #34 out of 52 markets we track. Weighted composite: affordable entry price (30%), rent-to-price ratio (25%), low vacancy (20%), population growth (15%), livability/income (10%). Scale 0–10.
Is Salt Lake City a good city for house hacking investing?
Salt Lake City, UT ranks #34 for house hacking investing with a score of 4.4/10. While not a top-ranked market for this strategy, it may have strengths in other investing approaches.
What is the average cap rate in Salt Lake City?
The average cap rate in Salt Lake City, UT is 5.4%. The median home price is $420,000 with a median monthly rent of $1,650, resulting in a rent-to-price ratio of 0.39%.
What are the property taxes in Salt Lake City?
The effective property tax rate in Salt Lake City, UT is 0.58%. On a $420,000 property, that translates to approximately $2,436 per year in property taxes.
How does Salt Lake City compare to other house hacking markets?
Among our 52 tracked markets, Salt Lake City, UT ranks #34 for house hacking investing. Other markets may be stronger for this particular strategy, though it may excel in different approaches.
Can I FHA-finance a house hack in Salt Lake City?
With a median home price of $420,000, most 2-4 unit properties in Salt Lake City, UT should fall within FHA loan limits. An FHA loan with 3.5% down would require approximately $14,700 as a down payment. Rental income from additional units (median $1,650/month each) can significantly offset your mortgage payment.
Run Your Own Numbers for Salt Lake City
Use our free calculators pre-filled with Salt Lake City, UT market data, or adjust the numbers for your specific deal.
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