Local News
Utah housing prices increased 200% in the past 20 years
Salt Lake City, Utah — Between 2000 and 2022, Utah’s housing costs jumped by 200%.
The typical home value in Salt Lake City in 2000 was $187,200.
The typical home value two decades later in Salt Lake City in 2022 was $560,944.
Only 13 other metro areas saw a bigger increase in home prices over 20 years, according to the study by MoneyGeek.
According to the study, Boise, Idaho, and Naples, Florida were the most unaffordable places in the United States.
Davis County and Salt Lake County were also listed in the report as two of the most unaffordable counties for housing in the entire country. Davis County came in at a seventh place and Salt Lake County came in ninth place.
The study by MoneyGeek, compared housing prices and median income increases since 2019 and ranked the 26 counties in the U.S. that saw the largest growth in that gap.
Since they were already deemed unaffordable long before now, larger counties in markets such as NYC or San Francisco were left out of the study.
-
Local News2 weeks ago
Utah libraries celebrate National Library Week
-
Local News2 weeks ago
The Jewish community in the area responds to a potential Iranian invasion on Israel
-
Local News2 weeks ago
Transit will be redesigned and expanded by UTA by the potential 2034 Olympics
-
Local News2 weeks ago
Gorilla in Hogle Zoo expecting a new little bundle of joy
-
Local News2 weeks ago
After 119 years, a Salt Lake company is moving to Murray, and the structure will be demolished
-
Local News1 week ago
Significant weather changes will bring Utah rain, snow, and cooler temperatures
-
Local News4 days ago
A large number of people start running in the Salt Lake City Marathon
-
Local News1 week ago
As we come to the end of another fantastic snowy year in Utah, here is the most recent flood forecast for the spring melt
Leave a Reply