CALCMONEY // HOME AFFORDABILITY // UT
Find out how much home you can afford in Utah using local median home prices, current mortgage rates, and UT-specific property tax data.
Open Full Calculator$539,949
$3,246/mo
$349,318
$139,093/yr
| Median Home Price | $539,949 |
| Down Payment (20%) | $107,990 |
| Loan Amount | $431,959 |
| Monthly PI Payment | $2,805 |
| Monthly Property Tax | $216 |
| Monthly Insurance Est. | $225 |
| Total Monthly PITI | $3,246 |
| Required Gross Income (28% rule) | $139,093/yr |
| Max Affordable Price (28% rule) | $349,318 |
$18,898
$4,193/mo
Utah Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $539,949 | State median |
| Down Payment (20%) | $107,990 | Conventional |
| Monthly PITI (median home) | $3,246 | 6.76% rate |
| Required Income (28% rule) | $139,093 | Annual gross |
| Max Affordable Home | $349,318 | Based on median income |
| FHA Down Payment (3.5%) | $18,898 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Utah is $539,949, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $431,959, resulting in a monthly principal and interest payment of $2,805. Once property taxes and insurance are added, total monthly housing costs reach $3,246.
Property taxes in Utah average 0.48%, well below the national average of 1.1%. On the median Utah home, property taxes add $216/month to total housing costs.
Utah levies a state income tax of 4.5% flat, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Utah state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Utah's median income of $96,658/year can afford up to $2,255/month in total housing costs (principal, interest, taxes, and insurance). Based on Utah's current mortgage rate of 6.76% and property tax rate of 0.48%, that translates to a maximum affordable home price of approximately $349,318 with 20% down on a 30-year loan.
To comfortably afford the median Utah home priced at $539,949, you need an annual gross income of approximately $139,093. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $2,805, property taxes of $216, and insurance of $225) come to $3,246/month, which should not exceed 28% of your gross monthly income.
Utah's average property tax rate is 0.48%, which is well below the national average of 1.1%. On the median Utah home of $539,949, that means annual property taxes of $2,592, or $216/month. Because lenders include property taxes in your debt-to-income calculation, Utah's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Utah home of $539,949, that is $18,898. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($107,990 on the median Utah home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Utah-specific minimum down payment requirements beyond federal guidelines.