The Homebuyers Guide to Salt Lake City, UT
Salt Lake City is the capital of Utah. As the most populous city in the state, it was once known as “Great Salt Lake City. Now, it’s often referred to as Salt Lake or simply SLC. The capital city’s population hovers around 191,000. If you’re looking to lay down roots in Utah, this is a beautiful area that has a thriving urban center. It has a rich culture, a healthy job market, and a top-notch education system.
A Diverse Housing Market
Salt Lake City offers potential homebuyers a total of 78 neighborhoods to choose from. A few of the most popular communities include Millcreek, Kearns and South Salt Lake City. The pricier homes are on the Eastern side of the city. If you like long-established neighborhoods with small-scale shops, consider purchasing real estate in the southeastern region. If you desire a residential area comprised of Victorian-style homes, the Northeast section of downtown is a good place to start your house hunt. The median home listing price is $320,000 averaging $177 per square foot.
A Robust Economy and Year-Round Activities
There are various sectors that fuel the economic engine of Salt Lake City. These include professional and business services, utilities, transportation, trade, and government. The major employers include the following:
- Intermountain Healthcare
- The Church of Jesus Christ of Latter Day Saints (LDS) Church
- Sinclair Oil Corporation
- University of Utah
Salt Lake City is home to two Fortune 1000 companies, Questar Corporation, and Zions Bancorporation. The local economy also benefits from suburban call centers, conventions, tourism, and downtown revitalization.
The school district is comprised of 313 schools. Additionally, there are many culturally enriching outlets, such as museums, theaters, and festivals.
Safety is a factor for many home buyers. As far as property crime is concerned, Salt Lake City has a higher than average crime rate at 305. However, its violent crime rate is below average at 257.