Top Places to Buy a Home in Salt Lake

Looking for a new place to call home? Finding the perfect neighborhood can be a bit challenging! In this post, we’re sharing some information on the top places to buy a home here in Salt Lake.  We’ve included info such as median home prices, population, and median household income, as well as what the locals love about their neighborhoods. Excited to find the perfect area for you? Let’s hop right in!

#1 Wasatch Hollow

Median Home Value: $470,224
Population: 3,458
Rented vs Owned: 13% vs 87%
Median Income: $124,575

Wasatch Hollow is a safe and quiet neighborhood in Salt Lake County. Thanks to its beautiful tree-lined streets, the area is walkable and bikeable. In the northern portion of the neighborhood lies Westmoreland Place, a local and national historic district with houses that have architectural styles from the 1920s to 1950s. It has a great mix of people of all ages.

#2 East Bench

Median Home Value: $606,689
Population: 6,543
Rented vs Owned: 15% vs 85%
Median Income: $140,391

On the easternmost part of the Salt Lake City area is East Bench. Older, distinctive homes are found on the western part of the neighborhood while more contemporary buildings are situated on the eastern foothills. It is perfect for outdoorsy people as you can ski, run, bike, and climb within 15 minutes. The Hogle Zoo, This is the Place Heritage Park, the Natural History Museum, and Red Butte Gardens can be found within the area. It’s also home to the University of Utah.

#3 Draper

Median Home Value: $469,000
Population: 48,000
Rented vs Owned: 20% vs 80%
Median Income: $117,266

If you want to be close to the mountains and the city, choose Draper. People love its safe neighborhood and great schools. Residents are also known for being kind, and neighbors tend to get along well. People here are free to speak their minds and they oftentimes feel heard and supported. There are plenty of outdoor activities to do as well as entertainment, dining, and shopping. The area is actively being kept in good shape for everyone to enjoy.

#4 Yalecrest

Median Home Value: $645,802
Population: 4,179
Rented vs Owned: 15% vs 85%
Median Income: $126,008

People love Yalecrest and even claim it to be the nicest neighborhood in Salt Lake City. The houses here are beautiful and well maintained. Some even say the place looks like a typical neighborhood you see in the movies. There are plenty of parks, tree-lined streets, and a good collection of historic homes. A lot of things are within walking distance, too, and there’s a variety of stores and restaurants within 10 minutes by foot. Residents also feel comfortable walking alone even at night as the area is peaceful and quiet.

#5 Capitol Hill

Median Home Value: $440,350
Population: 14,195
Rented vs Owned: 52% vs 48%
Median Income: $100,723

Capitol Hill is the oldest surviving residential area in Salt Lake City that’s why there are conscious efforts to preserve the area’s architectural and historic aspects. Public transportation and bike awareness are huge here so it’s great if you want to get around the city without your own car. Aside from that, lots of bars, restaurants, and art galleries are a short walk away. There’s also plenty of free concerts and festivals in the area.

#6 Sandy

Median Home Value: $356,500
Population: 96,127
Rented vs Owned: 21% vs 79%
Median Income: $94,018

If you’re looking for a place that doesn’t feel too big or too small, check out Sandy. It’s close to the mountains so it’s perfect for camping, hiking, and skiing. It’s also an easy drive to Utah County and even Downtown Salt Lake so you’ll have extra activities to do if you want to! One of its highlights is Granite Park where you can horseback ride, bike, and have your kids enjoy the playground.

#7 Sugar House

Median Home Value: $356,201
Population: 43,240
Rented vs Owned: 44% vs 56%
Median Income: $81,778

Another neighborhood that’s rich in heritage is Sugar House. This place is perfect if you want to be surrounded by 1920s and 1930s bungalow-style homes. Homes here are also known for architectural features like built-in shelving and arched doorways. Even though it is one of the city’s oldest neighborhoods, there are still major shopping centers to cater to your needs. There are also many local businesses in the area, which is going to make life easier for you. Residents feel comfortable to run errands even late at night because the neighborhood is safe.

#8 Liberty-Wells

Median Home Value: $272,472
Population: 3,431
Rented vs Owned: 45% vs 55%
Median Income: $78,077

Like many of the places on this list, Liberty-Wells also has a little bit of everything. What makes it unique are the bungalows and Victorian-style homes that date back to the 1800s up until the 1920s. Around 2,000 buildings in the area are considered to be historic structures, the majority of which are privately owned homes. This is a great place to live if you want a property that’s a part of history.

#9 Riverton

Median Home Value: $349,600
Population: 43,250
Rented vs Owned: 10% vs 90%
Median Income: $101,619

Looking for a big home? Riverton is the place for you. The properties in this neighborhood are known for having 4, 5, or even more bedrooms. This is typically more than many American homes. A quick drive by the area will show how big the homes here are. Compared to the surrounding neighborhoods, homes in Riverton are not too old because they were built in the 1970s up to the early 2000s.

#10 Cottonwood Heights

Median Home Value: $382,900
Population: 34,036
Rented vs Owned: 27% vs 73%
Median Income: $93,564

A lot of things in Cottonwood Heights are within a 20-minute drive which makes life more convenient for you. If you don’t want to use your car, public transportation here is greatly utilized as well. Restaurants, stores, and plenty of other activities are also nearby. If you want to experience nature, the area happens to be right next to a few of the best canyons in the Wasatch Front. It is a beautiful city that feels very homey.

That’s it for our list of the best neighborhoods to buy a property here in Salt Lake. We hope that you find the perfect one for you soon! If you’re in need of any real estate assistance, do not hesitate to contact us so we can help you look for the best place for you.

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