Utah Housing Market: Home Prices, Rent and Affordability
The typical Utah home is worth $534,582, up 1.5% over the past year and up 13.8% over five years, 45.0% above the national $368,697 (Zillow, latest release). That ranks #6 of 50 on price. A 20%-down mortgage runs $2,750 a month and takes about $133,317 of income; the median Utah household earns $87,804, $45,513 short.
In Salt Lake City, the state's largest metro, typical rent is $1,641 a month against a $2,882 principal-and-interest payment on the typical home, so renting is $1,241 a month cheaper before taxes, insurance and maintenance. The market is cold: 31.5% of listings cut their price (national 26.4%), homes go pending in 56 days (national 53), and for-sale inventory is up 3.9% from a year ago.
All figures are Zillow Research's published numbers for August; median household income is from the Census Bureau. How the data works → · Home prices in all 50 states →
Utah Housing by the Numbers
How much does a house cost in Utah? The typical home is worth $534,582, the median sale price is $526,167 and the median list price $566,333. The six figures below describe the market this month, each with the national comparison.
How Have Utah Home Prices Changed?
The typical Utah home value every month since 2000, with the national typical home as a dashed line. Values rose 1.5% over the past year, are up 13.8% over five years, up 101.0% over ten, and up 215% since January 2000.
Is It Cheaper to Rent or Buy in Utah?
Two direct answers from the Zillow data. Rent versus buy sets typical asking rent in Salt Lake City, the state's largest metro, against the mortgage payment on the typical home there, since Zillow publishes rents by metro rather than by state. The affordability gap is the income needed to buy the typical Utah home minus what the median household actually earns.
Rent vs. buy · Salt Lake City, UT
The payment excludes property tax (0.55% of value in Utah), insurance and maintenance, all of which push the cost of owning higher; renting builds no equity. If values kept rising at the past five years' pace (13.8%), equity would narrow that gap over a long stay.
Affordability gap · #37 of 50
A $2,750 monthly payment takes 37.6% of the median Utah household's income before property tax and insurance; lenders generally cap total housing costs near 28–31%. Full budget for your household →
Is Utah a Buyer's or a Seller's Market?
Market temperature is our label from three Zillow signals compared with the national market: the share of listings with a price cut, days from listing to pending (days on market), and whether homes for sale are up from a year ago. Utah is cold: it buyers hold the leverage: more price cuts, slower sales and rising inventory compared with the national market.
Median sale price $526,167 against a median list price of $566,333, so the typical home closes 7.1% below asking.
Where the Utah market is heading
Compared with a year ago, two of the three signals point looser, in buyers' favor: the share of listings with a price cut is down 0.6 points from a year ago to 31.5%, homes take 4 days longer to go pending than a year ago (56 now), and the number of homes for sale is up 3.9%. The typical home value rose 1.5% over the same period and is 2.4% below its June 2022 peak of $547,967. We publish no forecasts: these are Zillow's current-month readings, not a prediction of where Utah home prices go next.
Home Values and Rents in Utah Cities
Zillow publishes a city-level home value or rent for 19 of the Utah cities we track. The most expensive is Draper ($811,598) and the cheapest Logan ($389,638). Click a city for its full profile.
| City | Population | Home value | 1 yr | 5 yr | Rent | Rent 1 yr | Value ÷ income |
|---|---|---|---|---|---|---|---|
| Salt Lake City | 209,606 | $572,003 | +2.4% | ||||
| West Valley City | 134,466 | $465,915 | +0.4% | ||||
| West Jordan | 114,908 | $554,733 | +1.3% | ||||
| Provo | 113,355 | $480,829 | +1.6% | ||||
| Orem | 95,514 | $501,606 | +3.0% | ||||
| Sandy | 91,934 | $659,401 | +2.2% | ||||
| Lehi | 90,229 | $569,889 | +1.6% | ||||
| Ogden | 87,272 | $395,517 | -0.3% | ||||
| South Jordan | 84,508 | $661,471 | +1.4% | ||||
| Layton | 83,523 | $523,008 | +2.8% | ||||
| Millcreek | 63,342 | $633,137 | +3.4% | ||||
| Taylorsville | 59,010 | $492,974 | +0.9% | ||||
| Herriman | 57,336 | $601,499 | +0.8% | ||||
| Logan | 53,923 | $389,638 | +2.7% | ||||
| Draper | 50,159 | $811,598 | +2.9% | ||||
| Murray | 49,904 | $546,866 | +1.8% | ||||
| Eagle Mountain | 49,514 | $504,093 | -0.2% | ||||
| Bountiful | 45,093 | $570,821 | +3.1% | ||||
| Riverton | 44,944 | $620,009 | +1.0% |
Home value and rent are Zillow's city-level indexes; population and median household income are Census ACS. Cities without a Zillow index are omitted. All Utah cities ranked →
How Utah Compares With Nearby States
The West states closest to Utah on price. Each card links to that state's housing page; the compare link puts the two states side by side on every category.
More on Utah
Utah dashboard
→Overall rank and grade, every category score, taxes, utilities, safety, schools and all tracked cities.
What you'd keep in Utah
→Take-home after housing, taxes, childcare, utilities and groceries for your household and income.
Who is moving to Utah
→IRS migration data: where new residents come from, where leavers go, and what both groups earn.
Utah Housing Market FAQ
What is the average house price in Utah?
$534,582 is the typical Utah home value according to the latest Zillow Research release of the Zillow Home Value Index, which tracks homes in the middle third of the market. The median sale price was $526,167 and the median list price $566,333. That makes Utah the #6 most expensive state; the national typical home is worth $368,697.
Are home prices dropping in Utah?
No. The typical Utah home value rose 1.5% over the past year, though it remains 2.4% below its June 2022 peak of $547,967. Over five years it is up 13.8% and over ten years up 101.0%. Nationally, values rose 1.2% over the year.
How have Utah home prices changed over the past 1, 5 and 10 years?
+1.5% over one year, +13.8% over five years and +101.0% over ten years for the typical Utah home value, per the latest Zillow Research release; the national figures are +1.2%, +20.3% and +77.9%. Since January 2000 the typical Utah home is up 215%. The monthly chart above shows the full series against the national line.
Will the Utah housing market crash?
We publish no forecasts, so this page cannot answer that; it can show the current readings and the historical worst case. Right now the typical Utah home value is 2.4% below its June 2022 peak of $547,967 after it rose 1.5% over the past year; 31.5% of listings have cut their price (national 26.4%), homes go pending in 56 days (national 53), and inventory is up 3.9% from a year ago, per Zillow Research. The largest decline in Zillow's monthly series for Utah was 25.5% from February 2008 to January 2012, and values took 47 months to regain that peak.
Is it a good time to buy a house in Utah?
The Utah market is cold right now, which means it buyers hold the leverage: more price cuts, slower sales and rising inventory compared with the national market. 31.5% of listings cut their price (national 26.4%), homes go pending in 56 days (national 53), and for-sale inventory is up 3.9% from a year ago. Affordability is the constraint: buying the typical home takes $133,317 of income, $45,513 more than the median household earns. Whether the timing is right also depends on mortgage rates and how long you plan to stay.
Is Utah a buyer's or seller's market?
Utah leans toward buyers. More listings are cutting prices than the national average (31.5% vs. 26.4%), homes take 56 days to go pending (national 53), and the number of homes for sale is up 3.9% from a year ago at 17K listings. Three of those three signals point toward buyers.
What is the average rent in Utah?
In Salt Lake City, Utah's largest metro, the typical asking rent is $1,641 a month, up 0.5% over the past year and up 14.2% over five years, per the Zillow Observed Rent Index. The national typical rent is $1,948. Among Utah cities we track, rents range from $1,305 to $2,388 a month.
Is it cheaper to rent or buy in Utah?
Renting is cheaper month to month in Salt Lake City, Utah's largest metro. Typical rent is $1,641 and the principal-and-interest payment on the typical home with 20% down is $2,882, a difference of $1,241 a month in favor of renting. The payment excludes property tax (0.55% of value in Utah), insurance and maintenance, and renting builds no equity, so the full answer depends on how long you stay.
How much income do you need to buy a house in Utah?
About $133,317 a year, using Zillow's assumptions of 20% down at current mortgage rates and a payment of no more than 30% of income. The median Utah household earns $87,804, so the typical household is $45,513 short. That is the #37 smallest affordability gap of the 50 states. The monthly payment of $2,750 equals 37.6% of the median household's income.
Where are homes cheapest and most expensive in Utah?
Among the Utah cities we track with Zillow data, the most expensive typical home is in Draper ($811,598) and the cheapest in Logan ($389,638). Also at the top: South Jordan ($661,471), Sandy ($659,401), and Millcreek ($633,137). The city table above lists every tracked Utah city with its value, one-year change and rent.
How does Utah compare with nearby states?
In the West, the closest comparisons on price are Colorado ($532,748, down 1.4% in a year), Oregon ($496,113, down 0.1% in a year), and Idaho ($478,744, up 2.0% in a year). Utah's typical home is $534,582, up 1.5%. On affordability, Utah ranks #37 of 50 versus Colorado at #38, Oregon at #42, and Idaho at #44.
How current is the Utah housing data?
Every figure on this page comes from Zillow Research, which publishes state, metro and city data free each month for the prior month; the latest month shown is August. Median household income is from the Census Bureau's American Community Survey. We rebuild the page from the newest Zillow files as they are released.
Home values, rents, mortgage payments, income needed, inventory, price cuts, days to pending and sale and list prices are published by Zillow Research and shown as released, with attribution. Median household income and city populations are from the Census Bureau's American Community Survey. Home prices and housing markets in all 50 states →