Tooele, Utah Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Tooele, Utah rental market.
Tooele, Utah
Average Apartment Rent
$1,477
Y-o-Y Change in Average
Apartment Rent
-6%
As of July 2024
Compared to a year ago, Tooele, Utah apartments have recorded a -6% rent decrease.
Tooele, Utah Average apartment rent trend
Tooele, Utah Average Apartment Rent
Tooele, Utah Apartment rent ranges
At 67.16%, apartments priced $1,000 - $1,500 represent the bulk of Tooele, Utah rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 32.84%.
Tooele, Utah Housing tenure**
Renters take up 19% of Tooele, Utah real estate, occupying a total of 2,235 units, while homeowners live in 9,438 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$53,606
Average household size of renter-occupied housing units**
2.59
Rental vacancy rate**
5%
Tooele, Utah Renter-occupied housing units by no. of bedrooms**
There are 806 rentals in Tooele, Utah with 2 beds making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 30 units. Overall, the median number of rooms in Tooele, Utah homes for rent is 4.4.
Tooele, Utah Renter-occupied units by age of householder**
Most condos for rent in Tooele, Utah are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (27%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Tooele, Utah Renter-occupied housing units by family type**
Tooele, Utah Renter-occupied housing units by the presence of own children**
A total of 1,366 apartments for rent in Tooele, Utah, or 61% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 864 units. All in all, the median size of a renter-occupied household in Tooele, Utah is 2.59.
Tooele, Utah Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Tooele, Utah.
Tooele, Utah Renter-occupied units by year structure built**
The highest share of Tooele, Utah apartment rentals, namely 21% or 466 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (14%, 324 units), and the ones Built 1960 - 1969 (13%, 282 units).
Tooele, Utah Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Tooele, Utah renters (43%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Tooele, Utah condos for rent is 2018.
Tooele, Utah Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Tooele, Utah renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 15% have No vehicle available.
Tooele, Utah Means of transportation to work of householders living in renter-occupied housing units**
Tooele, Utah Geographical mobility in the past year for householders living in renter-occupied housing units**
Tooele, Utah Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Tooele, Utah apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
