Bountiful, Utah Housing Market Prices
Bountiful Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% above the Utah median$617,129
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Median rent 7% above the Utah median$1,593
Housing Market Overview
| Metric | Bountiful | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $617,129 | $498,552 | $248,835 |
| Price Trend (Annual %) | 18.4% | 11.3% | 7.5% |
| Median Gross Rent | $1,593 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.3% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bountiful is about 24% higher than in Utah. Rent is about 7% higher than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bountiful, up about 18.4% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Bountiful rose about 79.7% between 2015 and 2024, from $886 to $1,593. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Bountiful.
Buying the median-priced home in Bountiful costs roughly 32.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bountiful. The price-to-rent ratio in Utah is about 27.8.
| Metric | Bountiful | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $617,129 | $498,552 | $248,835 |
| Median Household Income | $100,660 | $95,466 | $80,455 |
| Price-to-Income Ratio | 6.1 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bountiful rose about 276.1%, while median household income rose about 49.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bountiful | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 64.6% | 58.5% |
| Rental Rate | 29.2% | 27.3% | 31.2% |
| Vacancy Rate | 6.3% | 8.1% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Bountiful has a homeownership rate of 64.5%, about the same as the Utah average of 64.6%. Its housing vacancy rate is 6.3%, compared with 8.1% in Utah.
Housing Stock
| Metric | Bountiful | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.98 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1971 | 1989 | 1978 |
| Median Number of Rooms | 7.3 | 6.4 | 5.5 |
The typical housing unit in Bountiful was built around 1971. On average, 3.0 people live in a home with about 7.3 rooms, staying for about 14.0 years on average.
Bountiful, UT Housing Compared With Nearby Cities
How Bountiful, UT compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bountiful, UT | 40,929 | $617,129 #1/2 | $1,593 #1/2 | 68.8% #1/2 |
| Salt Lake City, UT | 213,141 | $449,920 | $1,415 | 46.4% |
Frequently Asked Questions
Common questions about the housing market in Bountiful, Utah.
What is the median home price in Bountiful, Utah?
The median home price in Bountiful, Utah is $617,129, higher than the Utah average of $498,552.
What is the average home price in Bountiful, Utah?
The typical home price in Bountiful, Utah, reported as the median sale price, is $617,129. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bountiful, Utah?
The median gross rent in Bountiful, Utah is $1,593 per month, higher than the Utah average of $1,495.
What was the median gross rent in Bountiful in 2020?
In 2020, the median gross rent in Bountiful, Utah was $1,149 per month.
What is the price-to-rent ratio in Bountiful, Utah?
The price-to-rent ratio in Bountiful, Utah is about 32.3, meaning it would take roughly 32.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bountiful.
Are home prices or rent rising faster in Bountiful, Utah?
Both home prices and rent are rising in Bountiful, up about 18.4% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bountiful, Utah?
64.5% of households in Bountiful, Utah own their home, about the same as the Utah average.
What is the vacancy rate in Bountiful, Utah?
The housing vacancy rate in Bountiful, Utah is 6.3%, lower than the Utah average of 8.1%.
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