Rent to own Homes in South Salt Lake, UT
What's the difference between South Salt Lake and Salt Lake City? They definitely share some advantages. Some of Utah's most impressive ski resorts are only a half-hour away and both cities have a strong public transportation system. But while Salt Lake City is, well, a city, South Salt Lake, with 23,000 residents (according to the 2010 census) still retains a small-town feel. For that South Salt Lake population, there are 9,000-plus residences, many of them rent to own.
South Salt Lake, UT is a great place for affordable rent-to-own homes! With a median household income of over $49,616 and a median rent of $968, the South Salt Lake, UT rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in South Salt Lake, UT. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More South Salt Lake, UT Property Resources
Rent to own Homes in Cities Near South Salt Lake, UT
- Alpine
- Alta
- American Fork
- Bingham Canyon
- Bluffdale
- Bountiful
- Brighton
- Cedar Hills
- Cedar Valley
- Centerville
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- Emigration Canyon
- Farmington
- Fruit Heights
- Granite
- Herriman
- Highland
- Holladay
- Kaysville
- Kearns
- Layton
- Lehi
- Lindon
- Magna
- Midvale
- Millcreek
- Murray
- North Salt Lake
- Park City
- Pleasant Grove
- Riverton
- Salt Lake City
- Sandy
- Saratoga Springs
- Silver Summit
- Snyderville
- South Jordan
- South Salt Lake
- Summit Park
- Taylorsville
- West Bountiful
- West Jordan
- West Valley City
- White City
- Woods Cross
Neighborhoods in South Salt Lake, UT
No neighborhoods foundBuying a Home in South Salt Lake, UT
South Salt Lake, UT is seeing rapid growth and South Salt Lake, UT's' housing market remains not optimal with an average home price that is 14% above the 2024 national average. South Salt Lake, UT is part of Salt Lake county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Salt Lake is 0.67% which is below the national average, which is 0.99%.
Median Home Price in South Salt Lake, UT
Median Rent in South Salt Lake, UT
6 Reasons to Live in South Salt Lake
Volunteer at a local charity! Crime in South Salt Lake has decreased by 30 percent since 2007, as a result of community organizers collaborating with law enforcement and charities. Want to work with one of the local charities? Consider the Promise South Salt Lake initiative or South Salt Lake Community Connection.
Low home prices! The median house price in South Salt Lake is just over $183,000 and rental prices average around $800. These figures are significantly lower than the Salt Lake City metro area, where median rent is almost $1,200. You might want to check out some of the condos at South Carlisle Park Place or South 300 East.
Great food truck eats! You'll find great food trucks such as Waffle Love (for dessert waffles with toppings like Nutella and raspberries) and Cupbop Korean BBQ in a cup. Off the Grid has fun and inventive menu items such as pork and waffles with BBQ sauce, mac and cheese waffles, and honey waffle grilled cheese with basil and Parmesan.
Fast food history! The world's first Kentucky Fried Chicken (KFC) franchise was opened in 1952 in what is now South Salt Lake. The chain brought the popularity of chicken to the world of fast food, which had been focused on the hamburger. These days if you want a quick bite to each you have a lot of choices, including Five Guys Burgers and Fries, Greek Souvlaki, JohnnieBeefs Chicago Style, Sensuous Sandwich, Crown Burgers and more.
Great Chinatown! South Salt Lake is home to the only Chinatown in the Intermountain West. Stop by Chinatown Buffet for a meal, and then swing by the Chinatown Supermarket to pick up some goodies for home.
It's a renter's market! An overwhelming 61% of people in South Salt Lake rent their home. Find yourself a place to rent here and you'll be within a short drive of a dozen golf courses, including Old Mill Golf Course, with its panoramic views of the Wasatch Valley, and Cottonwood Country Club, which dates back to the '50s.