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Market Report, Utah County
Median sale price, median rent, days on market, inventory and rent-to-price ratio for Salem, with nearby cities for comparison.
$480K
Median Home Price
$1,550/mo
Median Rent
12,000
Population
4.0%
Growth Rate
Avg Days on Market
27 days
Median Household Income
$90K
Owner-Occupied Homes
85%
Gross Rent Yield
3.9%
Rent-to-Income Ratio
21%
Price-to-Income Ratio
5.3x
Elevation
4,700 ft
School District: Nebo School District
| City | Price | Rent | Population | Growth | DOM |
|---|---|---|---|---|---|
| Salem | $480K | $1,550 | 12,000 | 4.0% | 27 |
| Payson | $400K | $1,400 | 22,000 | 2.5% | 24 |
| Spanish Fork | $430K | $1,450 | 45,000 | 3.0% | 23 |
| Mapleton | $600K | $1,900 | 12,500 | 2.8% | 32 |
| Santaquin | $380K | $1,350 | 13,000 | 4.5% | 25 |
| Springville | $445K | $1,500 | 37,000 | 2.5% | 24 |
| Provo | $470K | $1,500 | 115,000 | 1.5% | 23 |
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