Summit County, Utah Housing Market Prices
Summit County 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 53% above the Utah median Most expensive county in Utah$763,548
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Median rent 33% above the Utah median Among the 3 most expensive counties in Utah$1,986
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Summit County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $763,548 | $498,552 | $248,835 |
| Price Trend (Annual %) | 9.3% | 11.3% | 7.5% |
| Median Gross Rent | $1,986 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Summit County is about 53% higher than in Utah. Rent is about 33% 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 Summit County, up about 9.3% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Summit County rose about 62.9% between 2015 and 2024, from $1,219 to $1,986. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Summit County.
Buying the median-priced home in Summit County costs roughly 32.0 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 Summit County. The price-to-rent ratio in Utah is about 27.8.
| Metric | Summit County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $763,548 | $498,552 | $248,835 |
| Median Household Income | $136,264 | $95,466 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Summit County rose about 87.4%, while median household income rose about 53.1% 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 | Summit County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.6% | 64.6% | 58.5% |
| Rental Rate | 11.7% | 27.3% | 31.2% |
| Vacancy Rate | 40.7% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Summit County has a homeownership rate of 47.6%, lower than the Utah average of 64.6%. Its housing vacancy rate is 40.7%, compared with 8.1% in Utah.
Housing Stock
| Metric | Summit County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1994 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 6.4 | 5.5 |
The typical housing unit in Summit County was built around 1994. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Summit County, UT Housing Compared With Nearby Counties
How Summit County, UT compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Summit County, UT | 42,950 | $763,548 #1/3 | $1,986 #2/3 | 80.2% #2/3 |
| Wasatch County, UT | 36,658 | $704,059 | $2,000 | 80.3% |
| Uinta County, WY | 20,644 | $59,267 | $899 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Summit County, Utah.
What is the median home price in Summit County, Utah?
The median home price in Summit County, Utah is $763,548, higher than the Utah average of $498,552.
What is the average home price in Summit County, Utah?
The typical home price in Summit County, Utah, reported as the median sale price, is $763,548. 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 Summit County, Utah?
The median gross rent in Summit County, Utah is $1,986 per month, higher than the Utah average of $1,495.
What was the median gross rent in Summit County in 2020?
In 2020, the median gross rent in Summit County, Utah was $1,476 per month.
What is the price-to-rent ratio in Summit County, Utah?
The price-to-rent ratio in Summit County, Utah is about 32.0, meaning it would take roughly 32.0 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 Summit County.
Are home prices or rent rising faster in Summit County, Utah?
Both home prices and rent are rising in Summit County, up about 9.3% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Summit County, Utah?
47.6% of households in Summit County, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Summit County, Utah?
The housing vacancy rate in Summit County, Utah is 40.7%, higher than the Utah average of 8.1%.
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