Metro area index
Home appreciation in the Salt Lake City-Murray, UT metro area
FHFA HPI® data shows the Salt Lake City-Murray, UT metro area's all-transactions index changed +2.4% over the year to Q2 2026, versus +2.6% for Utah and +3.0% for the U.S. That ranks 259th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.4%
- 5-year change
- +33.4%
- Since Q1 1995
- +398%
- Metro rank (1 year)
- 259th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Salt Lake City-Murray, UT vs Utah and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Salt Lake City-Murray, UT: 497.5
- Utah: 469.5
- United States: 391.6
Appreciation by time window
| Window | Metro | UT | U.S. | Gap vs UT | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.4% | +2.6% | +3.0% | −0.2 pts | −0.6 pts |
| 3 years | +9.5% | +9.6% | +12.9% | −0.1 pts | −3.4 pts |
| 5 years | +33.4% | +34.3% | +41.3% | −1.0 pts | −7.9 pts |
| 10 years | +119% | +121% | +93.3% | −2.2 pts | +25.4 pts |
| Since Q1 1995 | +398% | +370% | +292% | +28.0 pts | +106.0 pts |
3-digit ZIP regions in the Salt Lake City-Murray, UT area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 841 · Salt Lake City, UT area | UT | +3.2% | +33.8% | +432% | 100% |
| 840 · West Jordan, UT area | UT | +3.0% | +33.8% | +359% | 40% |
Boom, bust, and recovery in Salt Lake City-Murray, UT area
Salt Lake City-Murray, UT area's index peaked in Q4 2007, fell 21.9% to its low in Q2 2011, and regained its peak in Q1 2016, about 8.2 years after the top. Today it sits +127% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2007 | Q2 2011 | -21.9% | Q1 2016 (8.2 yrs) | +127% |
| UT | Q4 2007 | Q2 2011 | -21.9% | Q2 2016 (8.5 yrs) | +126% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Salt Lake City-Murray, UT area's index has changed +125% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | UT after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.4% | -1.2% | -0.8% |
| 3 years | +9.8% | -0.3% | -0.2% | +2.8% |
| 5 years | +24.0% | +7.5% | +8.3% | +13.9% |
| 10 years | +39.1% | +57.3% | +58.9% | +39.0% |
| Since Q1 1995 | +121% | +125% | +112% | +76.8% |
If you bought in the Salt Lake City-Murray, UT area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +382% | $1,445,270 |
| Q2 2000 | +281% | $1,144,140 |
| Q2 2005 | +216% | $948,421 |
| Q2 2010 | +176% | $826,612 |
| Q2 2015 | +135% | $705,688 |
| Q2 2020 | +60.0% | $480,145 |
| Q2 2021 | +33.4% | $400,067 |
| Q2 2023 | +9.5% | $328,368 |
| Q2 2025 | +2.4% | $307,244 |
Frequently asked questions
- How much have home prices risen in the Salt Lake City-Murray, UT area?
- FHFA HPI® data for the Salt Lake City-Murray, UT metro area shows changes of +2.4% over one year, +33.4% over five years, and +119% over ten years to Q2 2026, and +398% since Q1 1995.
- Is the Salt Lake City-Murray, UT area beating the national average?
- Over the past year the metro's index moved −0.6 pts versus the U.S.; over five years the gap is −7.9 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.