Department of Numbers

Utah Residential Rent and Rental Statistics

The median monthly gross residential rent in Utah was $954 in 2016 according to the Census ACS survey.1 Average gross rent was $986 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Utah median and average rent data will be released in September of 2018.

Data is also available below for Utah rental vacancy rates, Utah rent as a percent of median income and the fraction of renters in Utah.

Show dollars as: Nominal Real

Real Gross Rent in Utah (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Utah Median Gross Rent $954 +1.81% +7.67%

Utah Real Gross Rent Trends

At $954, real median gross rent in Utah was at its highest level in 2016 since the series began in 2005. At $986, real average gross rent in Utah was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Utah: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Utah

Date US Median Utah Median Utah Average
2016 $981 $954 $986
2015 $972 $937 $953
2014 $942 $893 $921
2013 $910 $886 $917
2012 $898 $865 $893
2011 $898 $848 $864
2010 $912 $849 $874
2009 $916 $863 $908
2008 $932 $887 $901
2007 $885 $822 $840
2006 $895 $817 $835
2005 $869 $794 $812

Utah Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Utah was 6.24% according to Census ACS data.

Rental Vacancy Rate in Utah

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Utah 6.24% +1.43% +0.28%

Trends in Utah Rental Vacancy Rate

The rental vacancy rate in Utah peaked in 2005 at 6.95%. Since then it has fallen by 0.71% to 6.24%. Data records for this series originated in 2005. From a 2015 post peak low of 4.81%, the rental vacancy rate has increased by 1.43%.

Rental Vacancy Rate: Utah, US

Rental vacancy rate in Utah

Historical Rental Vacancy Rate data for Utah

Date US Utah
2016 5.89% 6.24%
2015 5.85% 4.81%
2014 6.32% 5.27%
2013 6.49% 5.96%
2012 6.77% 5.89%
2011 7.40% 5.36%
2010 8.17% 6.59%
2009 8.43% 6.49%
2008 7.86% 5.32%
2007 7.87% 5.59%
2006 7.70% 6.21%
2005 7.74% 6.95%

Utah Rent as a Fraction of Income

Using median household income data for Utah, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Utah, median monthly gross rent as a fraction of median household income was 17.35% in 2016 according to the ACS.

Utah Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Utah 17.35% -0.29% -0.34%

Trends in Utah Rent as a Fraction of Income

The fraction of median Utah household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.90%. Since then it has fallen by 0.55% to 17.35%.

Fraction of Income towards Rent: Utah, US

Percent of median household income going towards median monthly gross rent in Utah

Historical Data for Annual Rent as a Fraction of Income in Utah

Date US Utah
2016 20.43% 17.35%
2015 20.63% 17.64%
2014 20.89% 17.45%
2013 20.78% 17.69%
2012 20.65% 17.90%
2011 20.70% 17.66%
2010 20.50% 17.45%
2009 20.12% 17.27%
2008 19.00% 16.61%
2007 18.66% 15.96%
2006 18.90% 16.30%
2005 18.89% 16.65%

Renter Fraction in Utah

You can calculate the renter fraction in Utah in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Utah as a fraction of total Utah households. In 2016 30.10% of households were renters according to Census ACS data.

Utah Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Utah 30.10% -1.02% -0.68%

Trends in the Utah Renter Fraction

The Utah household renter fraction peaked in in 2015 at 31.12% and is now 1.02% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Utah, US

Fraction of renters in Utah

History of Utah Renter Fraction

Date US Utah
2016 36.88% 30.10%
2015 36.97% 31.12%
2014 36.90% 30.84%
2013 36.50% 30.78%
2012 36.09% 30.38%
2011 35.42% 30.62%
2010 34.65% 30.10%
2009 34.13% 28.50%
2008 33.36% 28.28%
2007 32.80% 28.27%
2006 32.73% 28.02%
2005 33.10% 29.44%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.