Salt Lake City is home to several major universities, each of which adds its own energy and influence to the surrounding neighborhoods. For real estate investors, this creates unique opportunities. Proximity to a university often means a steady stream of renters, strong demand for housing, and the potential for long-term property value growth. If you’re considering investing in SLC, here’s a closer look at the areas around the city’s largest universities.
University of Utah: The Avenues, Foothill, and Sugar House
The University of Utah is the state’s flagship school, with more than 30,000 students. Housing demand around the U of U remains consistently high. The nearby Avenues neighborhood offers historic homes and easy access to downtown, while Foothill provides larger single-family properties and quick commutes to campus.
For investors, these areas tend to attract medical students, grad students, and faculty who value safety and walkability. Sugar House, just a short drive south, adds another layer of opportunity; its mix of apartments, condos, and single-family homes appeals to students and young professionals alike.
Westminster University: Sugar House
Westminster University is a smaller private school tucked into the heart of Sugar House. This area has exploded with development over the last decade, and rental demand remains strong. Condos and townhomes near the Sugar House shopping district are highly desirable for students who want convenience and lifestyle rolled into one.
For investors, smaller multi-unit properties in this neighborhood are especially appealing. Sugar House has a reputation for strong appreciation, and with Westminster at its center, rental turnover is steady year-round.
Salt Lake Community College: Taylorsville and South City
Salt Lake Community College (SLCC) has multiple campuses, but the largest are in Taylorsville and Salt Lake City. These areas draw a different demographic, often part-time students, working adults, and families. Rental demand here can be more price-sensitive than near the University of Utah, but it’s consistent.
Investors looking for affordable entry points may find good opportunities around SLCC. Duplexes, condos, and smaller homes near public transit routes often make excellent long-term rental properties.
Real Estate Advantages Near Universities
Owning rental property near a university has distinct benefits:
- Consistent rental demand: With thousands of students enrolling every year, vacancies tend to fill quickly.
- Premium rents for proximity: Students and faculty often pay more for housing within walking or biking distance of campus.
- Potential for appreciation: University neighborhoods tend to be more insulated from downturns, thanks to steady housing needs.
Of course, there are other considerations too. Student rentals may involve higher turnover and more wear and tear, so budgeting for ongoing maintenance is key.
Is Investing Near a University Right for You?
If you’re considering buying near Salt Lake City’s universities, think about your long-term goals. Do you want a property that generates immediate rental income? Or are you more focused on appreciation over the next decade? Either way, proximity to a school can provide stability in your investment portfolio.
Whether it’s the historic charm of the Avenues, the buzz of Sugar House, or the relative affordability of Taylorsville, the neighborhoods around Salt Lake City’s universities offer something for every type of investor.
Salt Lake City Real Estate: Your Partner in 2025
If you’re considering buying or selling a home in or around Salt Lake City, we’re here to help! Whether selling a home to buy another, buying your first home, or relocating, we provide expert advice and service to help you navigate the local real estate market. Kevin Coyle of SLC Homes has the resources and expertise to assist you every step of the way. Contact us today to start your journey toward accomplishing your real estate goals!
