2024 · Utah
Rental yield in Utah
In 2024, the typical rental in Utah produced a gross yield of 3.5% — $1,593/mo median rent against a $545K median home value, ranking 47th of 51 states.
3.5%
Gross rental yield
below the 4.9% U.S. median
$1,593/mo
Median gross rent
incl. utilities (ACS)
$545K
Median home value
owner-occupied (ACS)
Utah metros by yield
Metropolitan areas in Utah with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Ogden, UT | 3.9% | $1,641/mo | $508K |
| St. George, UT | 3.5% | $1,653/mo | $567K |
| Salt Lake City-Murray, UT | 3.5% | $1,659/mo | $575K |
| Provo-Orem-Lehi, UT | 3.3% | $1,611/mo | $585K |
| Logan, UT-ID | 3.3% | $1,311/mo | $477K |
Frequently asked questions
What is the gross rental yield in Utah?
In 2024, Utah had a gross rental yield of 3.5% — $1,593/mo median gross rent against a $545K median home value. That ranks 47th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Utah metros have the best rental yield?
Among Utah metros covered by the data, gross yield was highest in Ogden, UT (3.9%), St. George, UT (3.5%), and Salt Lake City-Murray, UT (3.5%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Utah
Yield shows where the numbers work; our Investor Financing Report for Utah shows the rate premium, denial rate, and DSCR lending investors face there.
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.