Roy, Utah Housing Market Prices
Roy 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 123% above the Utah median$1,111,111
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Median rent 11% above the Utah median$1,661
Housing Market Overview
| Metric | Roy | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,111,111 | $498,552 | $248,835 |
| Price Trend (Annual %) | 50.8% | 11.3% | 7.5% |
| Median Gross Rent | $1,661 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.2% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roy is about 123% higher than in Utah. Rent is about 11% 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 Roy, up about 50.8% and 7.2% a year respectively. Home prices are changing faster.
Median rent in Roy rose about 69.4% between 2015 and 2024, from $981 to $1,661. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 12.1 yearly household incomes in Roy.
Buying the median-priced home in Roy costs roughly 55.7 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 Roy. The price-to-rent ratio in Utah is about 27.8.
| Metric | Roy | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,111,111 | $498,552 | $248,835 |
| Median Household Income | $92,137 | $95,466 | $80,455 |
| Price-to-Income Ratio | 12.1 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Roy rose about 716.9%, while median household income rose about 46.2% 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 | Roy | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.0% | 64.6% | 58.5% |
| Rental Rate | 18.5% | 27.3% | 31.2% |
| Vacancy Rate | 2.4% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Roy has a homeownership rate of 79.0%, higher than the Utah average of 64.6%. Its housing vacancy rate is 2.4%, compared with 8.1% in Utah.
Housing Stock
| Metric | Roy | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1983 | 1989 | 1978 |
| Median Number of Rooms | 6.9 | 6.4 | 5.5 |
The typical housing unit in Roy was built around 1983. On average, 3.0 people live in a home with about 6.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Roy, Utah.
What is the median home price in Roy, Utah?
The median home price in Roy, Utah is $1,111,111, higher than the Utah average of $498,552.
What is the average home price in Roy, Utah?
The typical home price in Roy, Utah, reported as the median sale price, is $1,111,111. 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 Roy, Utah?
The median gross rent in Roy, Utah is $1,661 per month, higher than the Utah average of $1,495.
What was the median gross rent in Roy in 2020?
In 2020, the median gross rent in Roy, Utah was $1,132 per month.
What is the price-to-rent ratio in Roy, Utah?
The price-to-rent ratio in Roy, Utah is about 55.7, meaning it would take roughly 55.7 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 Roy.
Are home prices or rent rising faster in Roy, Utah?
Both home prices and rent are rising in Roy, up about 50.8% and 7.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roy, Utah?
79.0% of households in Roy, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Roy, Utah?
The housing vacancy rate in Roy, Utah is 2.4%, lower than the Utah average of 8.1%.
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