North Salt Lake Property Management

Investing Insights

Before determining whether North Salt Lake is the right choice for you, it is important to consider the pros and cons of investing in the city. Before doing that, let’s take a sneak peek at the city’s demographics. 

According to the U.S. Census of 2019, North Salt Lake is a relatively small city that recorded just under 21,000 people. The population had a median household income of $85,000 and a poverty rate of 3.2%. 

Pros of Investing in North Salt Lake

Unlike the large metropolis of Salt Lake City to the south, North Salt Lake is a more quiet, cozy town. This is an excellent place to invest if you are looking for reasonably priced homes that still maintain a solid return on investment. North Salt Lake attracts residents who want to be away from the hustle and bustle of Salt Lake City but still be within easy commuting distance. 

Cons of Investing in North Salt Lake

Due to North Salt Lake’s proximity to Salt Lake City and the airport and oil refineries your investment property will be in an area with lots of travel and traffic. Even though this area is more trafficked the proximity to the airport is also very convenient for any potential renters outweighing the negative aspects of traffic. 

Investor Snapshot

North Salt Lake Home Prices:

In April of 2021, the statistics for North Salt Lake’s buying market are as follows:

Price Range: $50K to $1.7M

Median List Price: $400K

Trending: North Salt Lake is trending up; it has seen an 11.1% increase year-over-year. According to Zillow, North Salt Lake has risen in median listing price from $287K to what we see today. 

North Salt Lake Rent Rates:

In April of 2021, the statistics for North Salt Lake’s renting market are as follows:

Price Range: $700-$3,700

Average Rent: $1,249

Trending: North Salt Lake has seen a 4% increase in its renting market since the previous year. 

Utah Property Solutions – Property Management In North Salt Lake 

Would you like to turn your North Salt Lake property into a successful rental? We are here to help! Give us a call today for a free rental analysis. In addition, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We provide a month-by-month management agreement that owners can cancel at any time with a 30-day notice. Do you want to learn more? Check out our vlog for more information!