Home Value Trail

Salt Lake City-Murray, UT metro area: home price history and building permits

Utah2 counties1,308,377 residents (2025 estimate)

  • FHFA quarterly index to 2026 Q2
  • FHFA annual index 1975 to 2025
  • Developmental index
  • Release of

The FHFA annual house price index for Salt Lake City-Murray, UT increased by 120.0% from 2015 to 2025. From 2020 to 2025, the index increased by 51.1%. From 2024 to 2025, the index increased by 2.5%. From 2025 Q2 to 2026 Q2, the quarterly index increased by 2.4%.

2015

+120.0%

From 2015 to 2025, the FHFA annual all-transactions index for Salt Lake City-Murray, UT increased by 120.0%.

From 2015 to 2025, the average change in each year is +8.2%, compounded.

Same span at each level: 2015 to 2025
AreaChangeBar
Salt Lake City-Murray, UT+120.0%
Utah+120.6%
United States+85.0%
Salt Lake City-Murray, UT FHFA quarterly all-transactions index, 100 in 1977 Q1
  • Salt Lake City-Murray, UT
  • United States, set to the same start
  • Recession (NBER dates)
  • Your span

The line is FHFA's quarterly index, through 2026 Q2. The calculator and the tables use FHFA's annual index of the area.

Index values for each year
FHFA annual all-transactions index for Salt Lake City-Murray, UT, 1975 to 2025
YearIndexChange from the year before
20251,481.02+2.5%
20241,445.09+4.1%
20231,388.74+0.4%
20221,382.71+19.4%
20211,158.48+18.2%
2020980.42+5.5%
2019929.72+7.3%
2018866.07+9.2%
2017793.25+9.2%
2016726.70+7.9%
2015673.29+4.7%
2014643.07+7.1%
2013600.16+7.7%
2012557.24+1.5%
2011549.07−5.2%
2010578.92−7.3%
2009624.67−9.0%
2008686.48−1.1%
2007694.00+12.5%
2006616.83+18.7%
2005519.52+9.8%
2004472.98+3.1%
2003458.87+0.4%
2002457.11+1.2%
2001451.74+3.5%
2000436.59+1.9%
1999428.56+1.4%
1998422.53+3.8%
1997407.24+6.8%
1996381.40+7.2%
1995355.63+14.7%
1994309.95+14.2%
1993271.35+12.4%
1992241.36+5.8%
1991228.11+6.1%
1990214.90+3.7%
1989207.29+1.6%
1988204.10−4.8%
1987214.49−0.9%
1986216.48+1.7%
1985212.81+1.8%
1984209.11+3.1%
1983202.90+4.6%
1982194.06+2.4%
1981189.57+7.0%
1980177.12+3.7%
1979170.73+16.8%
1978146.18+15.2%
1977126.94+15.3%
1976110.12+10.1%
1975100.00n/a

Each figure is the change of the FHFA annual all-transactions index, from the year that you pick to 2025. It is a change for the area. It is not the change in the value of your home, and it does not use the price that you paid.

The average for each year is a compounded annual change. The guide to values explains more.

When using the FHFA House Price Calculator, please note that it does not project the actual value of any particular house.

FHFA, about its own House Price Calculator: Federal Housing Finance Agency, House Price Index Datasets, HPI Calculator, copied on . The calculator of FHFA uses quarterly figures. For the states and the 100 largest metro areas it uses the purchase-only index. Its figures can differ from the figures here.

Since the last FHFA release

No recorded FHFA release changed a figure of Salt Lake City-Murray, UT. The record of releases starts with the next FHFA release. FHFA releases recorded by this site

Same span, every level

Change in the FHFA annual index to 2025: Salt Lake City-Murray, UT and the areas above it
Area1 year2024 to 20255 years2020 to 202510 years2015 to 202520 years2005 to 2025Since 20002000 to 2025Each yearaverage of 10 years
Salt Lake City-Murray, UT+2.5%+51.1%+120.0%+185.1%+239.2%+8.2%
Utah+2.4%+52.6%+120.6%+172.9%+222.3%+8.2%
United States+2.8%+47.0%+85.0%+79.1%+158.3%+6.3%

Each row uses FHFA's annual all-transactions index and the same two years.

Drawdowns

A drawdown is a decline of 5% or more of the annual index from a peak.

Drawdowns of the index of Salt Lake City-Murray, UT, deepest first
PeakLowDeclineBack at the peak
20072011−20.9%2016
19861988−5.7%1991

Decade by decade

Change in the index of Salt Lake City-Murray, UT in each decade
DecadeChangeUnited StatesBar
1980s1980 to 1990+21.3%+68.2%
1990s1990 to 2000+103.2%+33.9%
2000s2000 to 2010+32.6%+29.7%
2010s2010 to 2020+69.4%+35.5%
2020s so far2020 to 2025+51.1%+47.0%

The index is 100 in the first year with a value for the area (1975 here). The change in a decade is the index at the end of the decade divided by the index at the start. The base year has no effect on it.

Building permits in the area

In the 12 months to August 2026, building permits in the 2 counties of the area authorized 7,648 housing units. That is 5.8 units for each 1,000 residents.

Housing units authorized by month, latest 60 months
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each month
Housing units authorized by building permits in the Salt Lake City-Murray, UT metro area, by month
MonthAll units1 unit2 or more units
Aug 2026755219536
Jul 20261,167342825
Jun 202629223656
May 202625720057
Apr 202629322865
Mar 2026621330291
Feb 2026860217643
Jan 2026379232147
Dec 20251,3042631,041
Nov 2025592236356
Oct 2025542320222
Sep 2025586229357
Aug 2025736241495
Jul 2025603218385
Jun 2025388207181
May 202523419440
Apr 2025456290166
Mar 2025537247290
Feb 2025443230213
Jan 2025943332611
Dec 2024461240221
Nov 2024579243336
Oct 2024677394283
Sep 2024582295287
Aug 202444134794
Jul 202440631888
Jun 2024420286134
May 2024463299164
Apr 2024467284183
Mar 2024558345213
Feb 2024510275235
Jan 2024444252192
Dec 2023704168536
Nov 2023697244453
Oct 2023500218282
Sep 2023527225302
Aug 20231,036387649
Jul 2023996363633
Jun 2023911331580
May 2023729360369
Apr 2023593235358
Mar 2023627224403
Feb 20231,2471581,089
Jan 2023628238390
Dec 2022626186440
Nov 2022498121377
Oct 2022634211423
Sep 2022900277623
Aug 2022586257329
Jul 2022663247416
Jun 20221,005416589
May 2022630298332
Apr 2022983485498
Mar 20221,320524796
Feb 2022953401552
Jan 20221,161443718
Dec 2021987392595
Nov 2021775231544
Oct 2021625215410
Sep 20211,000210790
Housing units authorized by year, 1995 to 2025
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each year
Housing units authorized by building permits in the Salt Lake City-Murray, UT metro area, by year
YearAll units1 unit2 or more units
20257,7023,0154,687
20245,4473,5251,922
20239,2353,1636,072
202210,1023,9926,110
202111,6425,3386,304
202011,0335,2035,830
201910,6804,7605,920
20188,7505,3913,359
20177,3674,9182,449
20168,7314,3514,380
20156,7553,7622,993
20145,3183,1592,159
20135,3023,2802,022
20123,7642,7111,053
20113,3492,0411,308
20102,7461,795951
20094,3101,5072,803
20083,8361,6032,233
20075,0933,6051,488
20066,8745,948926
20058,3356,4431,892
20046,9605,6181,342
20037,5175,5311,986
20026,2124,5261,686
20016,0144,2951,719
20005,2844,2261,058
19996,1934,7491,444
19985,3155,3150
19974,7234,7230
19966,0956,0950
19955,2405,2400

The counts are the sums of the county files of the Building Permits Survey for the counties of the area (OMB delineation of July 2023).

Counties of the area

Counties of the Salt Lake City-Murray, UT metro area, by name
CountyState1 year10 yearsUnits, 12 months
Salt Lake CountyUT+2.6%+120.0%7,152
Tooele CountyUT+1.0%+124.3%496

Agency pages

  • FHFA House Price IndexFederal Housing Finance AgencyThe index page of FHFA: data, tools and the release dates.
  • FHFA HPI CalculatorFederal Housing Finance AgencyThe calculator of FHFA. It works by quarter, for a state or a metro area.
  • Building Permits SurveyUS Census BureauThe survey of housing units that building permits authorize.

Each link loaded on .

Cite this page

Home Value Trail. Salt Lake City-Murray, UT home price history. https://homevaluetrail.com/metro/41620-salt-lake-city-murray/. Source: Federal Housing Finance Agency, annual house price index for CBSAs (developmental); US Census Bureau, Building Permits Survey. FHFA release of .

Where the figures come from

Index
FHFA annual house price index for CBSAs, all transactions, 1975 to 2025. Release of March 31, 2026. The line: FHFA quarterly all-transactions index for the metropolitan area, through 2026 Q2.
Other levels
FHFA annual indexes for the states and the United States, from the same release.
Building permits
US Census Bureau, Building Permits Survey, county files through August 2026, added for the counties of the area.
Counties of the area
OMB delineation of core based statistical areas, July 2023.
Residents
US Census Bureau, population estimates for 2025.

All files are works of the US government, in the public domain. To report an error, see Corrections.

Questions

Which years had the largest changes in the index for Salt Lake City-Murray, UT?
The largest increase in one year was 19.4%, from 2021 to 2022. The largest decrease in one year was 9.0%, from 2008 to 2009.
How did the index for Salt Lake City-Murray, UT change over 20 years?
From 2005 to 2025, the index for Salt Lake City-Murray, UT increased by 185.1%. In the same years, the index for Utah increased by 172.9%. In the same years, the index for the United States increased by 79.1%.
What is the highest value of the index for Salt Lake City-Murray, UT?
The index is 100 in 1975, the first year with a value for this area. The highest annual value is 1,481.02, in 2025.
Which counties are in the Salt Lake City-Murray, UT area?
The area has 2 counties in the delineation of July 2023. The Census Bureau estimates 1,308,377 residents for 2025.