Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cache County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,116 | $457,939 | $242,182 |
| Price Trend (Annual %) | 6.8% | 11.6% | 8.2% |
| Median Gross Rent | $1,136 | $1,405 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cache County is about 47% lower than in Utah. Rent is about 19% lower than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Cache County, up about 6.8% and 7.1% a year respectively. Rent is changing faster.
Median rent in Cache County rose about 65.7% between 2015 and 2023, from $686 to $1,136. Over the same span, rent in Utah rose about 58.6%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Cache County.
Buying the median-priced home in Cache County costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cache County. The price-to-rent ratio in Utah is about 27.2.
| Metric | Cache County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,116 | $457,939 | $242,182 |
| Median Household Income | $78,212 | $92,351 | $78,145 |
| Price-to-Income Ratio | 3.1 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cache County rose about 45.2%, while median household income rose about 70.1% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cache County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 64.8% | 58.2% |
| Rental Rate | 34.5% | 26.9% | 31.3% |
| Vacancy Rate | 5.1% | 8.2% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Cache County has a homeownership rate of 60.3%, lower than the Utah average of 64.8%. Its housing vacancy rate is 5.1%, compared with 8.2% in Utah.
Housing Stock
| Metric | Cache County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.99 people | 2.54 people |
| Median Structure Built Year | 1988 | 1988 | 1978 |
| Median Number of Rooms | 6.4 | 6.4 | 5.5 |
The typical housing unit in Cache County was built around 1988. On average, 3.1 people live in a home with about 6.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cache County, Utah.
What is the median home price in Cache County, Utah?
The median home price in Cache County, Utah is $244,116, lower than the Utah average of $457,939.
What is the average home price in Cache County, Utah?
The typical home price in %s, reported as the median sale price, is %s. 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 Cache County, Utah?
The median gross rent in Cache County, Utah is $1,136 per month, lower than the Utah average of $1,405.
What was the median gross rent in Cache County in 2020?
In 2020, the median gross rent in Cache County, Utah was $841 per month.
What is the price-to-rent ratio in Cache County, Utah?
The price-to-rent ratio in Cache County, Utah is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cache County.
Are home prices or rent rising faster in Cache County, Utah?
Both home prices and rent are rising in Cache County, up about 6.8% and 7.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Cache County, Utah?
60.3% of households in Cache County, Utah own their home, lower than the Utah average of 64.8%.
What is the vacancy rate in Cache County, Utah?
The housing vacancy rate in Cache County, Utah is 5.1%, lower than the Utah average of 8.2%.