Overview 2011 Prepared For South Salt Lake Brandon Smith Rick Davidson

Population 23,617 23,617Households8022 Avg HH Size 2.47 Median age 28.9 Median HH Income $ 29,817 $ 29,817 Average HH Income Per capita $ 15,474 $ 15,474

Total Homes5122 Total Rentals4972 Rental %49.3% Total Acres Total Bldg Area 7,351,456 Average Lot Size0.17 Average Home Size 1,435 Average Age1959

Multifamily Housing Summary Pre-1990Post 2000 Total Rental Units Total Vacant4081 Vacancy %8.20%1% Rental %49.3%-- Average Age Average Rent 1 bedroom $ 625 $ 900 Average Rent 2 bedroom $ 750 $ 1,200 Average Rent 3 bedroom $ 890 $ 1,361

 Green Living  Small Lot (5-8k SF lots), small footprint  In-fill vs. urban sprawl  Efficiency and affordability is new focus Single Family

 Higher density – Higher quality communities  Transit Oriented Focus  Larger communities and better amenities  Lifestyle Renters  Convenience  To Services  Employment  Transportation  Amenities Multi Family

Property Summary (East of State) Total Bldg Area 7,351,456 Average Home Size 1,435 Total Assessed Value $ 473,190,144 Average Assessed Value $ 92, Subsequent Avg Land Price $ Average Lot Size0.17

Property Summary (West of State) Total Bldg Sf 8,538,530 Total Acreage 990 Assessed Value $ 90,932,802 Assessed Value/Acre $ 395,033 Assessed Value/PSF $ 9.07 Average Lot Size (Acres)0.44

 Economic Barriers East of State Street  Existing homes on small lots = expensive and challenging redevelopment  Redevelopment East of State occurs within infill lots and small projects  Opportunities West of State Street