Eagle Mountain, Utah Housing Market Prices
Eagle Mountain 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 21% below the Utah median$393,667
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Median rent 36% above the Utah median$2,027
Housing Market Overview
| Metric | Eagle Mountain | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,667 | $498,552 | $248,835 |
| Price Trend (Annual %) | 21.0% | 11.3% | 7.5% |
| Median Gross Rent | $2,027 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eagle Mountain is about 21% lower than in Utah. Rent is about 36% 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 Eagle Mountain, up about 21.0% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Eagle Mountain rose about 43.1% between 2015 and 2024, from $1,416 to $2,027. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Eagle Mountain.
Buying the median-priced home in Eagle Mountain costs roughly 16.2 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 Eagle Mountain. The price-to-rent ratio in Utah is about 27.8.
| Metric | Eagle Mountain | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,667 | $498,552 | $248,835 |
| Median Household Income | $115,662 | $95,466 | $80,455 |
| Price-to-Income Ratio | 3.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eagle Mountain rose about 157.9%, while median household income rose about 58.3% 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 | Eagle Mountain | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.4% | 64.6% | 58.5% |
| Rental Rate | 13.6% | 27.3% | 31.2% |
| Vacancy Rate | 2.0% | 8.1% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Eagle Mountain has a homeownership rate of 84.4%, higher than the Utah average of 64.6%. Its housing vacancy rate is 2.0%, compared with 8.1% in Utah.
Housing Stock
| Metric | Eagle Mountain | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 4.26 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 2011 | 1989 | 1978 |
| Median Number of Rooms | 6.9 | 6.4 | 5.5 |
The typical housing unit in Eagle Mountain was built around 2011. On average, 4.3 people live in a home with about 6.9 rooms, staying for about 9.0 years on average.
Eagle Mountain, UT Housing Compared With Nearby Cities
How Eagle Mountain, UT compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Eagle Mountain, UT | 40,541 | $393,667 #3/3 | $2,027 #2/3 | 86.1% #1/3 |
| Saratoga Springs, UT | 38,082 | $456,949 | $2,071 | 81.1% |
| Lehi, UT | 80,979 | $717,305 | $2,002 | 75.1% |
Frequently Asked Questions
Common questions about the housing market in Eagle Mountain, Utah.
What is the median home price in Eagle Mountain, Utah?
The median home price in Eagle Mountain, Utah is $393,667, lower than the Utah average of $498,552.
What is the average home price in Eagle Mountain, Utah?
The typical home price in Eagle Mountain, Utah, reported as the median sale price, is $393,667. 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 Eagle Mountain, Utah?
The median gross rent in Eagle Mountain, Utah is $2,027 per month, higher than the Utah average of $1,495.
What was the median gross rent in Eagle Mountain in 2020?
In 2020, the median gross rent in Eagle Mountain, Utah was $1,626 per month.
What is the price-to-rent ratio in Eagle Mountain, Utah?
The price-to-rent ratio in Eagle Mountain, Utah is about 16.2, meaning it would take roughly 16.2 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 Eagle Mountain.
Are home prices or rent rising faster in Eagle Mountain, Utah?
Both home prices and rent are rising in Eagle Mountain, up about 21.0% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eagle Mountain, Utah?
84.4% of households in Eagle Mountain, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Eagle Mountain, Utah?
The housing vacancy rate in Eagle Mountain, Utah is 2.0%, lower than the Utah average of 8.1%.
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