How Much House Can I Afford in Utah? (2026)
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
At the Utah median income of $74,000/year, you can typically afford a home up to $296,000 (4× rule), or $222,000 conservatively (3× rule). The median home in Utah costs $490,000, so a household earning $122,500+ can afford the typical home.
Utah Housing & Mortgage Data
| Median Home Price | $490,000 |
| 30-Year Fixed Rate | 6.92%(State average, Apr 2026) |
| Property Tax Rate | 0.57%(Effective rate) |
| Avg HO Insurance | $1,100/yr ($92/mo) |
| Typical Down Payment | 10% ($49,000) |
| Median Household Income | $74,000/yr |
Key Facts for Utah
- ✓Utah median home price is $490,000 as of 2026
- ✓30-year fixed mortgage rates in Utah average 6.92%
- ✓Property taxes in Utah are 0.57% — below the national average of 1.10%
- ✓Homeowners insurance averages $1,100/year in Utah
- ✓A household earning $122,500/year can typically afford the median Utah home
More Utah Calculators
Frequently Asked Questions — Mortgage Affordability Calculator in Utah
- What income do I need to afford a home in Utah?
- Using the 28% front-end ratio rule: your mortgage payment (PITI) should not exceed 28% of gross monthly income. The Utah median home at $490,000 has a total monthly PITI of approximately $3,235. That implies a minimum gross income of $11,553/month.
- What is the debt-to-income ratio limit for mortgages in Utah?
- Most Utah lenders require a back-end DTI (all debts including the mortgage) of 43% or below for conventional loans. FHA allows up to 50% DTI with compensating factors. The front-end DTI (mortgage payment only) should ideally be below 28%. If you have $500/month in existing debt payments, your maximum mortgage payment is reduced accordingly.
- What is the average mortgage payment in Utah?
- The average monthly mortgage payment (principal + interest) in Utah is approximately $2,910 for a $441,000 loan at 6.92% over 30 years. Adding property tax ($233/mo) and homeowners insurance ($92/mo) brings total PITI to about $3,234/month.
- What credit score do I need for a mortgage in Utah?
- Most Utah lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Utah, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $66,150 over the life of a 30-year loan.
- How much down payment is required to buy a home in Utah?
- You can buy a home in Utah with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Utah median home price of $490,000, a 20% down payment is $98,000 and lets you avoid PMI. Utah also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Utah?
- Current 30-year fixed mortgage rates in Utah average 6.92% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Utah mortgage rate.
- What is the property tax rate in Utah?
- Utah's effective property tax rate is 0.57%. On the Utah median home value of $490,000, annual property taxes are approximately $2,793 ($233/month). Property taxes in Utah are typically escrowed in your monthly mortgage payment.