These cities in Utah have the highest projected home value for the next 5 years:

Top Utah Cities with the Highest Projected ROI for Homes in 2025

If you're considering buying a home in Utah as an investment, you're in luck! The Beehive State is experiencing booming growth in both population and economy, which means some cities are seeing impressive returns on investment (ROI) for homeowners and real estate investors alike. Whether you're eyeing your first home or adding to your portfolio, it's essential to know which areas offer the best potential for long-term value.

So, where should you be looking for the highest projected ROI in Utah? Let’s dive into the top cities that could give you the best bang for your buck over the next few years.

SLC, Utah

1. Salt Lake City: The Urban Powerhouse

ROI Potential: High, but Competitive

Salt Lake City, Utah's capital and largest city, remains the most robust real estate market in the state. With population growth, job opportunities, and a thriving tech scene, Salt Lake City is showing a lot of promise for investors.

- Why the ROI is Solid: The tech boom and the influx of young professionals (especially in the Silicon Slopes area) have driven home prices up, but the demand continues to grow. As businesses expand and people flock to Salt Lake for its lifestyle and job opportunities, home values are expected to keep rising.

- Key Neighborhoods: Downtown Salt Lake has seen a resurgence, with new developments and higher demand for urban living. Sugar House and The Avenues are also highly sought after due to their charm, walkability, and proximity to downtown.

Salt Lake City is a great choice for those looking to make a long-term investment, but be prepared for higher initial costs due to the competition.

BYU campus, Provo

2. Provo: The College Town with Big Potential

ROI Potential: Moderate to High

Located about 45 minutes south of Salt Lake City, Provo is home to Brigham Young University (BYU), one of the state's largest universities. This college town is attracting both first-time homebuyers and investors, thanks to its affordability and strong rental demand.

- Why the ROI is Solid: With BYU constantly attracting students and faculty from around the country, rental properties near the university offer consistent demand. Provo is also seeing an increase in tech and startup companies, leading to more high-paying jobs and a growing population.

- Key Neighborhoods: Downtown Provo has become a hot spot with its mix of historic charm and modern amenities. The East Bay and Orem areas (just north of Provo) are also up-and-coming and offer more affordable options for investors.

Provo is expected to see strong appreciation in property values, especially as more professionals and families move into the area. It’s a sweet spot for those seeking high ROI without the intense competition of Salt Lake City.

Lehi Neighborhood, Utah

3. Lehi: The Heart of Silicon Slopes

ROI Potential: Very High

Lehi, nestled between Salt Lake City and Provo, is quickly becoming one of the most sought-after cities in Utah, and for good reason. With the growth of Silicon Slopes, a region that houses some of the largest tech companies in the U.S. Lehi is seeing a surge in both population and home prices.

- Why the ROI is Solid: Lehi has been labeled the “Tech Capital of Utah” and is home to major tech companies like Adobe, Microsoft, and Vivint. This has led to an influx of high-earning professionals, driving demand for both homes and rentals. The city’s proximity to both Salt Lake City and Provo makes it a prime location for work and play.

- Key Neighborhoods: Daybreak is a master-planned community with everything from single-family homes to condos. East Lehi near the Utah Lake offers picturesque views and a quieter, suburban vibe.

Lehi’s rapid growth and ongoing infrastructure improvements make it one of the **best places to invest in Utah right now for high ROI.

Downtown Ogden, Utah

4. Ogden: A Hidden Gem with Major Upside

ROI Potential: High, with Room for Growth

Located just north of Salt Lake City, Ogden is often overlooked in favor of its larger neighbor, but that’s starting to change. With a growing arts scene, proximity to outdoor recreation, and affordable housing prices, Ogden is becoming a top pick for both buyers and investors.

- Why the ROI is Solid: Ogden is undergoing a revitalization of its downtown area, making it an attractive spot for young professionals, retirees, and outdoor enthusiasts. It’s also known for its affordable housing compared to Salt Lake City, making it appealing for first-time buyers and investors seeking strong rental demand. Plus, the city is seeing significant job growth in industries like healthcare and education.

- Key Neighborhoods: Historic 25th Street is full of shops, restaurants, and entertainment, attracting both locals and tourists. The East Bench and North Ogden areas offer beautiful views of the mountains and are gaining popularity with buyers seeking a quieter lifestyle.

Ogden’s affordability and redevelopment efforts make it one of the most promising places for ROI in the next few years.

St George Neighborhood

5. St. George: The Southwest Investment Hotspot

ROI Potential: High, Especially for Long-Term Buyers

St. George, located in the southern part of the state, has been one of Utah’s fastest-growing cities for years. Known for its stunning desert landscapes and proximity to national parks, it’s become a haven for retirees, vacation home buyers, and investors.

- Why the ROI is Solid: St. George has seen explosive population growth, particularly among retirees and people seeking a more relaxed lifestyle. The city’s strong tourism sector with millions of visitors flocking to Zion National Park and nearby destinations also supports rental property demand.

- Key Neighborhoods: Red Cliffs Desert Reserve offers luxury homes with amazing views, while Washington Fields and SunRiver are popular with retirees. The Downtown St. George area continues to see revitalization efforts, making it a great place for future growth.

St. George’s year-round appeal and steady population growth make it a prime candidate for high ROI over the next decade.

Park City Utah

6. Park City: Luxury Living with Steady Returns

ROI Potential: Moderate to High (Luxury Market)

Park City is a world-renowned ski resort town and a favorite among high-net-worth buyers, making it an interesting choice for those looking for luxury investment properties. While Park City has a more niche market, it’s worth mentioning for those looking to break into the luxury real estate space.

- Why the ROI is Solid: The combination of a thriving tourism industry, resort-style living, and the influx of wealthy individuals (both from out-of-state and internationally) means home values in Park City appreciate steadily. Additionally, the demand for vacation homes and short-term rentals is strong, especially around ski season.

- Key Neighborhoods: Deer Valley and Old Town are two of the most prestigious areas, with high-end homes and stunning views. Properties close to Park City Mountain Resort and Canyons Village continue to see strong demand.

For investors looking to enter the luxury market, Park City offers long-term appreciation and high rental yields, though it requires a higher initial investment.

Conclusion: Where to Buy for the Best ROI in Utah

Utah’s real estate market is diverse, offering plenty of opportunities for buyers at all price points. For the highest projected ROI in 2025 and beyond, cities like Salt Lake City, Lehi, and Provo stand out as prime spots for long-term growth. However, cities like Ogden and St. George are quickly gaining ground due to their affordability and revitalization efforts. And if you’re looking for luxury properties, Park City remains a solid bet.

In the end, the key to maximizing your ROI is to stay informed, focus on up-and-coming areas, and be prepared to move quickly when the right opportunity arises. Whether you're buying your first home or building a real estate portfolio, Utah offers plenty of options to make your investment work for you!