Salt Lake's share of owner-occupied homes is declining
Add Axios as your preferred source to
see more of our stories on Google.
More than 66% of homes in the Salt Lake metro are owner-occupied, slightly higher than the national rate of 65%, Census Bureau data shows.
The intrigue: While the share of owner-occupied homes nationally has rebounded steadily after bottoming out in 2015, Salt Lake's has trended back downward.
The big picture: Though homeownership rates have slipped for younger adults, high rates among older households keep the national average steady, according to researchers at Harvard's Joint Center for Housing Studies.
The latest: In nearly all U.S. counties, more people owned homes than rented between 2019 and 2023, per recently released American Community Survey estimates.
- As homeownership increased during that stretch, so did mortgage-free living.
Go deeper: Salt Lake is projected to be the West's hottest real estate market of 2025.