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Lake Point, UT

Full City Profile · Utah · Salt Lake County County

3.5 /5.0
B+ Good
2,938 Population 643/sq mi density
$133,175 Median Income $75,374 per capita
$566,200 Home Value $513,175 Zillow
54°F Avg Temperature 316 sunny days/yr
298 Violent Crime/100K 4,181 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$133,175 median income, 0.7% unemployment
A
Affordability
4.3 / 5.0
$566,200 home value, /mo rent
F
Safety
1.0 / 5.0
298 violent crimes/100K
B+
Education
3.6 / 5.0
32.2% bachelor's degree or higher

Housing Overview

Median Home Value
$566,200
101% above
US avg: $281,900
Homeownership Rate
81.4%
24% above US avg (65.4%)

Home Value by Source

Census Median
$566,200
Zillow (ZHVI)
$513,175
Median Sale Price
$719,995
Median List Price
$575,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

81.4%
Owner-Occupied
18.6%
Renter-Occupied
81%
19%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$981/mo
1 Bedroom
$1,082/mo
2 Bedroom
$1,313/mo
3 Bedroom
$1,746/mo
4 Bedroom
$2,105/mo

Market Indicators (Redfin)

Median Days on Market
184 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
13.3%
of listings with price reduction
Price Per Sq Ft
$206
Active Inventory
30
homes for sale

Affordability & Housing Stock

Rent Burden
14.9%
of renters spending 30%+ of income on housing
52% below US avg (31.0%)
Homeownership Rate
81.4%

Complete Housing Data

Home Values

Census Median Value$566,200
Zillow Home Value (ZHVI)$513,175
Median Sale Price$719,995
Median List Price$575,000
Price Per Sq Ft$206

Rent

FMR Studio$981
FMR 1-Bedroom$1,082
FMR 2-Bedroom$1,313
FMR 3-Bedroom$1,746
FMR 4-Bedroom$2,105

Market

Days on Market184
Sale-to-List Ratio1.0%
Price Drops13.3%
Homes Sold4
Active Inventory30
Price Per Sq Ft$206

Ownership & Stock

Owner-Occupied81.4%
Renter-Occupied18.6%
Homeownership Rate81.4%
Rent Burden14.9%