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The average number of monthly short-term rental listings in Utah, offered through sites like Airbnb and Vrbo, grew by 39.4% from 2021 to 2023.
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For gateway and resort communities it’s a tale as old as time: High costs of living make it hard to attract the labor that keeps the wheels turning.
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Utah has the eighth-highest cost of rent in the nation, said University of Utah’s Andra Ghent. For years, supply has been low and demand high. Here’s the state of the rental market in Utah today.
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Back when they rented, first-time homebuyer Erin Hardy and her husband estimate that a third of their income was spent on housing. She said their mortgage is almost double what they were paying in rent.
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In a hot housing market, the settlement could pave the way for Utahns to pay slightly less for a home.
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The Utah Legislature has the ability to overhaul zoning laws to pave the way for more affordable starter homes.
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Utah’s proposed FY25 budget sets aside $150 million for new housing and first-time buyer programs, but some leaders say policy is more important than funding.
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$150 million of the Governor's proposed $29.5 billion state budget would be dedicated to getting more Utahns into the home-buying market.
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The projections say Washington County will need a lot more housing as its population expands. But after years of increases, the number of new residential units fell this year.
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Six key factors, identified in a new report from the Kem C. Gardner Policy Institute, have influenced how the state has grown in recent years.
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One month into Utah's First-Time Homebuyers Assistance Program, 50 home purchases have been funded by the program.
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Summit County and Park City governments kicked off a “listening tour” this week to gather community feedback on the prospect of another Utah-hosted Olympics in 2030 or 2034.