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 | Emery County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,048 | $457,939 | $242,182 |
| Price Trend (Annual %) | 0.6% | 11.6% | 8.2% |
| Median Gross Rent | $696 | $1,405 | $1,342 |
| Rent Trend (Annual %) | 2.5% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Emery County is about 69% lower than in Utah. Rent is about 50% 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 Emery County, up about 0.6% and 2.5% a year respectively. Rent is changing faster.
Median rent in Emery County rose about 17.4% between 2015 and 2023, from $593 to $696. Over the same span, rent in Utah rose about 58.6%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Emery County.
Buying the median-priced home in Emery County costs roughly 17.3 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 Emery County. The price-to-rent ratio in Utah is about 27.2.
| Metric | Emery County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $144,048 | $457,939 | $242,182 |
| Median Household Income | $71,383 | $92,351 | $78,145 |
| Price-to-Income Ratio | 2.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Emery County fell about 6.5%, while median household income rose about 53.6% 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 | Emery County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.5% | 64.8% | 58.2% |
| Rental Rate | 17.1% | 26.9% | 31.3% |
| Vacancy Rate | 16.4% | 8.2% | 10.6% |
| Median Tenure (years) | 20.0 | 13.0 | 15.0 |
| Median Year Moved In | 2006 | 2013 | 2011 |
Emery County has a homeownership rate of 66.5%, higher than the Utah average of 64.8%. Its housing vacancy rate is 16.4%, compared with 8.2% in Utah.
Housing Stock
| Metric | Emery County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.88 people | 2.99 people | 2.54 people |
| Median Structure Built Year | 1980 | 1988 | 1978 |
| Median Number of Rooms | 6.3 | 6.4 | 5.5 |
The typical housing unit in Emery County was built around 1980. On average, 2.9 people live in a home with about 6.3 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Emery County, Utah.
What is the median home price in Emery County, Utah?
The median home price in Emery County, Utah is $144,048, lower than the Utah average of $457,939.
What is the average home price in Emery 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 Emery County, Utah?
The median gross rent in Emery County, Utah is $696 per month, lower than the Utah average of $1,405.
What was the median gross rent in Emery County in 2020?
In 2020, the median gross rent in Emery County, Utah was $620 per month.
What is the price-to-rent ratio in Emery County, Utah?
The price-to-rent ratio in Emery County, Utah is about 17.3, meaning it would take roughly 17.3 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 Emery County.
Are home prices or rent rising faster in Emery County, Utah?
Both home prices and rent are rising in Emery County, up about 0.6% and 2.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Emery County, Utah?
66.5% of households in Emery County, Utah own their home, higher than the Utah average of 64.8%.
What is the vacancy rate in Emery County, Utah?
The housing vacancy rate in Emery County, Utah is 16.4%, higher than the Utah average of 8.2%.