Buyers Navigation
Search GreatScottUtah.comContact Scott Robbins(801) 209-1120 - Mobile |
Real Estate Investments in Salt Lake City, Utah
Why is this happening in Salt Lake City?Salt Lake City was fifth in the nation for job growth. This has created great demand for all types of housing. As for investment property, it has created great demand for rentals too. Also Salt Lake City is experiencing record sales; our CAP rates (6.5 to 8.5) are still very attractive compared to other Western markets, particularly California. And, interest rates are still low. How is the rental market in Salt Lake City, Utah?Very Strong! Right now the vacancy rate in Salt Lake City is below 7% down from 8.6%. Don’t worry; when you buy investment property, I also have property managers who can manage it for you. |
Salt Lake City is a great location to own investment property. Compared to other cities, Salt Lake City's real estate market has started to turn on. Last year, we started to see strong growth in some zip codes up to 20%. Currently, the average single family home costs $217,000.