Layton, Utah Housing Market Prices
Layton 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 49% below the Utah median$255,459
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Median rent 2% above the Utah median$1,527
Housing Market Overview
| Metric | Layton | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,459 | $498,552 | $248,835 |
| Price Trend (Annual %) | 42.1% | 11.3% | 7.5% |
| Median Gross Rent | $1,527 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Layton is about 49% lower than in Utah. Rent is about 2% 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 Layton, up about 42.1% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Layton rose about 76.0% between 2015 and 2024, from $868 to $1,527. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Layton.
Buying the median-priced home in Layton costs roughly 13.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Layton. The price-to-rent ratio in Utah is about 27.8.
| Metric | Layton | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,459 | $498,552 | $248,835 |
| Median Household Income | $99,296 | $95,466 | $80,455 |
| Price-to-Income Ratio | 2.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Layton rose about 37.5%, while median household income rose about 55.0% between 2009 and 2025 — 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 | Layton | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.7% | 64.6% | 58.5% |
| Rental Rate | 27.5% | 27.3% | 31.2% |
| Vacancy Rate | 4.8% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Layton has a homeownership rate of 67.7%, higher than the Utah average of 64.6%. Its housing vacancy rate is 4.8%, compared with 8.1% in Utah.
Housing Stock
| Metric | Layton | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.99 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1993 | 1989 | 1978 |
| Median Number of Rooms | 6.6 | 6.4 | 5.5 |
The typical housing unit in Layton was built around 1993. On average, 3.0 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Layton, Utah.
What is the median home price in Layton, Utah?
The median home price in Layton, Utah is $255,459, lower than the Utah average of $498,552.
What is the average home price in Layton, Utah?
The typical home price in Layton, Utah, reported as the median sale price, is $255,459. 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 Layton, Utah?
The median gross rent in Layton, Utah is $1,527 per month, higher than the Utah average of $1,495.
What was the median gross rent in Layton in 2020?
In 2020, the median gross rent in Layton, Utah was $1,055 per month.
What is the price-to-rent ratio in Layton, Utah?
The price-to-rent ratio in Layton, Utah is about 13.9, meaning it would take roughly 13.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Layton.
Are home prices or rent rising faster in Layton, Utah?
Both home prices and rent are rising in Layton, up about 42.1% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Layton, Utah?
67.7% of households in Layton, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Layton, Utah?
The housing vacancy rate in Layton, Utah is 4.8%, lower than the Utah average of 8.1%.
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