Salt Lake City Real Estate Market & Area Guide
The Salt Lake Valley is surrounded by towering Wasatch Mountains. Located on the western edge of the Rocky Mountain Range these beauties stand watch over industrious inhabitants determined to make what once seemed a high desert wasteland into an ever-thriving metropolis.
Palpable enthusiasm buzzes in historic Salt Lake City. It is Utah’s capital city and power center. With an emphatic nod to the past, Salt Lake is blasting toward the future. Equipped with a strong economy, clean high-tech industry and a traditional can-do spirit, this culturally-diverse city has something for everyone. Art, history, theater, educational institutions, amazing (a-maz-ing) shopping and employment opportunities galore make this a great choice no matter your stage of life.
The earliest inhabitants of this valley are believed to have been members of the Shoshone, Paiute, Goshute and Ute Native American tribes. They survived on the vast natural resources the mountains, lakes and rivers offered them.
In July 1947 a company of pioneers with the Church of Jesus Christ of Latter-day Saints arrived in the valley seeking refuge from religious persecution. Once the trail was blazed through Emigration Canyon, there was no turning back. Thousands of new residents followed. Salt Lake, at the cross-roads of the westward trek, attracted miners determined to make their fortunes in the California Gold Rush. On Jan. 4, 1896, Utah achieved statehood. The close knit community crafted by the LDS church worked tirelessly to build up what they came to believe was their Zion.
Early architecture is prized in Salt Lake City and visitors are amazed by the ornate historic architecture of the area’s downtown. Prefer something more modern? That’s what great about Salt Lake, you can find any style of architecture in this city that treasures green living for the future just as much as it treasures the past.
We’ll just say it: Utah has the greatest snow on earth. Many move here just to be near the area’s world-class ski resorts. You can get “there” from here in about 30 minutes. Park City, Solitude, Sundance, Snowbird and Alta are a few favorites.
These resorts have great snow in the winter, but did you know they offer mind-blowing beauty and outdoor recreation throughout the year? Hike, bike, walk or run, the opportunities are endless and the Wasatch Mountain Range is a gift that just keeps giving.
Other Hallmarks of the area incorporate a strong sense of diversity, industry and volunteerism. Salt Lake features the most diverse population in the state. World-class teaching universities and top-notch hospitals are just a few of the perks that draw people to Northern Utah.
In March 2021, U.S. News and World Report dubbed Utah’s economy the best in the country. Utah was named the third best state to live in. Utah ranked No. 2 in the country for its robust employment climate, No. 3 in growth and No. 8 for its favorable business environment.
The world discovered Utah volunteerism (we already knew it was here) when Salt Lake hosted the 2002 Winter Olympics. With roots deeply planted in a past of unimaginable progress through teamwork (a grossly inadequate word for the way early settlers pulled together to accomplish so much in so little time) the mentality “many hands make light work” is alive and well here today.
The Salt Lake Church of Jesus Christ of Latter-day Saints Temple, the Cathedral of the Madeleine, the Masonic Temple and the Utah State Capitol are among the area’s most famous landmarks.
We probably don’t need to say this, but we will: Skiing in Utah is a $1.29 billion industry that creates 20,000 jobs (and it’s really fun). Utah’s soft powder is literally world famous! Don’t ski? How about a hike, a bike ride, horse ride or a trip to the Great Salt Lake? Take a boat ride on Utah Lake or visit any one of the many museums, live theaters or green parks and touching memorials throughout this and surrounding cities. Wildlife viewing is a favorite pastime in Utah (and there’s a lot to see).
The Loveland Living Planet Aquarium in nearby Draper is a must-see too. The Discovery Gateway Children’s Museum is interactive and so hands-on. Located in historic downtown, Discovery Gateway features 60,000 square feet of pure fun.
Is there shopping in Salt Lake City? Oh, yeah! Whether you want to shop at a mall, a big box store or an eclectic book store, this city has got you covered. City Creek Center, Trolley Square and the Gateway are all local favorites. Retro Betty, Hip & Humble and Lillie Bee Emporium Unique Gifts and Tea are among the many shops designed to entertain, enlighten and inspire you.
During the first quarter of 2021, Salt Lake City enjoyed a 3% unemployment rate. The area sustains the workforce with a wide variety of employers in the public and private sectors. A collaborative study by the David Eccles School of Business and Governor’s Office of Management and Budget claims Utah survived the economic impact of the global pandemic better than any other state. While many industries thrived, the hospitality and travel industries suffered the most. Eleven of Utah’s 25 largest employers are located in Salt Lake and South Salt Lake cities including:
- University Health Care (10,000)
- University of Utah Health (7,866)
- Latter Day Saints Church (5,000)
- Arup Blood Svc (4,200)
- C R England Inc (3,300)
- Sun Products Corp (3,000)
- Salt Lake Community College (2,750)
- Accessnsm (2,500)
- Church of Jesus Christ of LDS (2,000)
- Car Doctor (1,988)
- Wells Fargo (1,721)
(Employment information obtained 5/29/2021 published by CareerInfo.net, provided by Data Axle, Omaha, NE ©2021)
Salt Lake International Airport is about 20 minutes from downtown Salt Lake City. FrontRunner is Utah Transit Authority’s (UTA) commuter rail system. Trains run from Ogden to Provo along an 82-mile corridor and serve a total of 15 stations in Weber, Davis, Salt Lake and Utah Counties. Stations allow riders to connect to TRAX and bus routes, and feature free rider parking and bike lockers at most locations.