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Silver Summit, UT
Full City Profile · Utah · Salt Lake County County
3.5
/5.0
B+
Good
1,574
Population
140/sq mi density
$235,329
Median Income
$116,330 per capita
$2,000,001
Home Value
$1,565,742 Zillow
$2,697
Median Rent
16.2% income on rent
44°F
Avg Temperature
308 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$235,329 median income, 5.1% unemployment
D
Affordability
1.9 / 5.0
$2,000,001 home value, $2,697/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
75.5% bachelor's degree or higher
Housing Overview
Median Home Value
$2,000,001
609% above
US avg: $281,900
Median Rent
$2,697/mo
132% above
US avg: $1,163/mo
Homeownership Rate
90.4%
38% above US avg (65.4%)
Total Housing Units
620
Median year built: 2001
Home Value by Source
Census Median
$2,000,001
Zillow (ZHVI)
$1,565,742
Median Sale Price
$1,999,999
Median List Price
$2,599,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
90.4%
Owner-Occupied
9.6%
Renter-Occupied
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
Census median rent:
$2,697/mo
Market Indicators (Redfin)
Median Days on Market
11 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$544
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
16.2%
of renters spending 30%+ of income on housing
48% below US avg (31.0%)
Median Year Built
2001
Average age of housing stock: 25 years
Homeownership Rate
90.4%
Complete Housing Data
Home Values
| Census Median Value | $2,000,001 |
| Zillow Home Value (ZHVI) | $1,565,742 |
| Median Sale Price | $1,999,999 |
| Median List Price | $2,599,000 |
| Price Per Sq Ft | $544 |
Rent
| Census Median Rent | $2,697 |
| 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 Market | 11 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 16 |
| Price Per Sq Ft | $544 |
Ownership & Stock
| Owner-Occupied | 90.4% |
| Renter-Occupied | 9.6% |
| Homeownership Rate | 90.4% |
| Total Housing Units | 620 |
| Median Year Built | 2001 |
| Rent Burden | 16.2% |