West Valley City, Utah, is one of the most affordable suburbs of Salt Lake City. The median home value in West Valley City is 24% lower than the rest of Utah. That could make this city of more than 136,000 a good place to invest in rental property. The median rental price here is close to $1,000 a month, which is 2% higher than the national average.
If you plan to invest in rental properties here, you’ll need to do some repairs and remodeling to make it attractive to renters. A good looking rental property will command the highest amount of rental income. You’ll not only need to invest in carpet installation in West Valley City, but you’ll also need to consider new tiles in the bathroom and kitchen. Likewise, updating the cabinets and a fresh coat of paint throughout the house will make a rental property seem like home.
Other things that make West Valley City attractive are the easy transportation and shopping; Valley Fair Mall is close by, as well as other amenities. For sports fans, West Valley City is the home of the Maverik Center and the Utah Grizzlies, a hockey team. Finally, concert-goers will love the proximity to the USANA Amphitheatre.
The low housing prices in West Valley City make it attractive, and the opportunities here for profitable rental properties is something to consider.
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