Cap Rate For Salt Lake City

[Natalie Heileson]

If there's anyone that is familiar with the Salt Lake market, I'm wondering what a typical cap rate is around here?

[Art Perkitny]

Hey @Natalie Heileson, here is a map showing the cap rates for SFR properties in Salt Lake city and surround areas.

The darker colors correspond to higher cap rates. 

The chart below show the change in cap rates for Salt Lake city proper over the past decade

All data is from the American Community Survey 

Cap rates are computed by taking the annual median rent, applying the 50% rule and dividing by the median home value. 

Hope this helps!