Utah Housing Market Prices
Utah 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.
-
Median home price 100% above the US median Among the 5 most expensive states in US$498,552
-
Median rent 6% above the US median More expensive than 73% of states in US$1,495
Median Home Price Map: Counties in Utah
Housing Market Overview
| Metric | Utah | US Average |
|---|---|---|
| Median Home Price | $498,552 | $248,835 |
| Price Trend (Annual %) | 11.3% | 7.5% |
| Median Gross Rent | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Utah is about 100% higher than in US. Rent is about 6% higher than the US 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 Utah, up about 11.3% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Utah rose about 68.7% between 2015 and 2024, from $886 to $1,495. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Utah.
Buying the median-priced home in Utah costs roughly 27.8 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 Utah. The price-to-rent ratio in US is about 14.7.
| Metric | Utah | US Average |
|---|---|---|
| Median Home Price | $498,552 | $248,835 |
| Median Household Income | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Utah rose about 146.2%, while median household income rose about 62.9% 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 | Utah | US Average |
|---|---|---|
| Homeownership Rate | 64.6% | 58.5% |
| Rental Rate | 27.3% | 31.2% |
| Vacancy Rate | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 |
Utah has a homeownership rate of 64.6%, higher than the US average of 58.5%. Its housing vacancy rate is 8.1%, compared with 10.2% in US.
Housing Stock
| Metric | Utah | US Average |
|---|---|---|
| Average Household Size | 2.97 people | 2.53 people |
| Median Structure Built Year | 1989 | 1978 |
| Median Number of Rooms | 6.4 | 5.5 |
The typical housing unit in Utah was built around 1989. On average, 3.0 people live in a home with about 6.4 rooms, staying for about 13.0 years on average.
Utah Housing Compared With Nearby States
Utah is typical in size for this group, 3,390,702 residents against a local median of 3,183,702, so the measures below are close to a like for like comparison. Utah's median home price, at $498,552, runs 36% above the $367,851 typical of the states around it.
The states themselves spread $221,950 on median home price, so Utah sits at one end of an already wide local range rather than apart from it. Utah has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Utah | 3,390,702 | $498,552 #1/6 | $1,495 #4/6 | 70.3% #3/6 |
| Nevada | 3,183,702 | $357,758 | $1,597 | 60.0% |
| Arizona | 7,356,359 | $367,851 | $1,543 | 67.4% |
| Wyoming | 582,314 | $262,084 | $991 | 71.8% |
| Idaho | 1,929,983 | $394,140 | $1,236 | 72.3% |
| Colorado | 5,842,429 | $484,034 | $1,761 | 66.2% |
Frequently Asked Questions
Common questions about the housing market in Utah.
What is the median home price in Utah?
The median home price in Utah is $498,552, higher than the US average of $248,835.
What is the average home price in Utah?
The typical home price in Utah, reported as the median sale price, is $498,552. 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 Utah?
The median gross rent in Utah is $1,495 per month, higher than the US average of $1,407.
What was the median gross rent in Utah in 2020?
In 2020, the median gross rent in Utah was $1,090 per month.
What is the price-to-rent ratio in Utah?
The price-to-rent ratio in Utah is about 27.8, meaning it would take roughly 27.8 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 Utah.
Are home prices or rent rising faster in Utah?
Both home prices and rent are rising in Utah, up about 11.3% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Utah?
64.6% of households in Utah own their home, higher than the US average of 58.5%.
What is the vacancy rate in Utah?
The housing vacancy rate in Utah is 8.1%, lower than the US average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →