The story of this market
The typical home in ZIP 84111 sells for about $599,949, or $389 per square foot.
Prices are up +11.4% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,620 a month.
This ZIP has no home sales of its own, so its market figures come from Salt Lake City, Utah (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 84111 — Salt Lake City
The 84111 housing market is currently experiencing a price correction, with median sale prices down year-over-year as inventory levels remain tight. High interest rates and affordability constraints are cooling demand, though the area's central location and high density continue to support rental market activity.
This ZIP is ideal for young professionals, urban-dwelling commuters, and renters who prioritize walkability and proximity to the city's cultural and economic center over traditional single-family suburban living.
Median prices moved up 11.4% year over year.
Homes spend a median of 13 days on market with 2.5 months of supply — a fast-moving market.
36% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 19.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 84111, Salt Lake County UT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area experiences higher property crime rates typical of a dense urban core compared to suburban Salt Lake County, with ongoing efforts by local law enforcement to address public safety in the downtown district.
Schools serving the area are part of the Salt Lake City School District, which offers a diverse range of magnet and neighborhood programs, though performance ratings vary significantly by individual campus.
The area is primarily at risk for seismic activity due to its proximity to the Wasatch Fault, with standard flood and wildfire risks generally lower than in the surrounding mountain foothills.
Economic momentum is driven by the downtown Salt Lake City business district, featuring major employers in government, finance, and technology, alongside significant ongoing mixed-use residential redevelopment.
Property taxes are assessed by Salt Lake County based on fair market value, with rates determined by the aggregate of municipal, school district, and special service district levies.
Residents benefit from high walkability and extensive access to the UTA TRAX light rail system, providing efficient transit to the broader Salt Lake City employment core.
The ZIP features immediate access to urban amenities including Pioneer Park, the Salt Lake City Public Library, and a high concentration of downtown dining, shopping, and entertainment venues.
The rental market is highly competitive with low vacancy rates, driven by a large population of young professionals and students seeking proximity to downtown employment and transit.
The economy is anchored by state government, financial services, and a growing tech sector, with the downtown area serving as the primary employment hub for the region.
The area is served by a dense grid of city streets and is the primary hub for the UTA TRAX light rail system, facilitating regional connectivity.
Development is heavily focused on high-density residential infill and the revitalization of historic commercial corridors.
The Salt Lake County Assessor maintains a market-value assessment system with annual adjustments based on sales data.
Parcels are subject to Salt Lake City municipal taxes, Salt Lake City School District levies, and various regional utility and flood control district assessments.
Property insurance premiums are stable but reflect regional risks associated with seismic activity and urban density.
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Data retrieved from US Census Bureau and ZCTA-level aggregations.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Lagoon Amusement Park4.415.8 mi
- Liberty Park4.60.9 mi
- Gardner Village4.610.4 mi
- Classic Fun Center4.411.9 mi
- Boondocks Food and Fun - Draper4.318.1 mi
- Delta Center4.61.2 mi
- Salt Palace Convention Center4.51 mi
- Utah First Credit Union Amphitheatre4.310.5 mi
- Utah State Capitol4.71.5 mi
- Snowbird4.617 mi
- Temple Square4.71 mi
- Utah's Hogle Zoo4.53.7 mi
- Utah State Capitol4.71.5 mi
- Liberty Park4.60.9 mi
- Sugar House Park4.72.9 mi
- Temple Square4.71 mi
- Utah State Capitol4.71.5 mi
- Natural History Museum of Utah4.83.2 mi
- Clark Planetarium4.61.2 mi
- Conference Center4.91.2 mi
- Utah's Hogle Zoo4.53.7 mi
- Liberty Park4.60.9 mi
- Sugar House Park4.72.9 mi
- Red Butte Garden and Arboretum4.83.2 mi
- Wheeler Historic Farm4.78.5 mi
- East Canyon Marina4.519.1 mi
- Topgolf Salt Lake City4.39.4 mi
- Mountain Dell Golf Course4.59.6 mi
- Eaglewood Golf Course4.75.4 mi
- Stonebridge Golf Club4.56.5 mi
- River Oaks Golf Course4.312.2 mi
- Fashion Place4.48.3 mi
- City Creek Center4.50.9 mi
- Chinatown Supermarket4.64.1 mi
- Valley Fair Mall45.7 mi
- WinCo Foods4.49.3 mi
- Salt Lake City International Airport4.25.4 mi
- Ogden - Hinckley Airport4.230.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central urban park hosting the downtown farmers market and community events.
Architecturally significant main branch serving as a community anchor.
Major venue for professional sports and concerts located on the edge of the ZIP.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 87.4% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $407,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.