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.
Housing is in short supply for renters and buyers alike in the metro area.
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.