Tooele, Utah Housing Market Prices
Tooele 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 30% below the Utah median$348,491
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Median rent 20% below the Utah median$1,197
Housing Market Overview
| Metric | Tooele | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,491 | $498,552 | $248,835 |
| Price Trend (Annual %) | 15.6% | 11.3% | 7.5% |
| Median Gross Rent | $1,197 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tooele is about 30% lower than in Utah. Rent is about 20% lower 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 Tooele, up about 15.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Tooele rose about 39.5% between 2015 and 2024, from $858 to $1,197. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Tooele.
Buying the median-priced home in Tooele costs roughly 24.3 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 Tooele. The price-to-rent ratio in Utah is about 27.8.
| Metric | Tooele | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $348,491 | $498,552 | $248,835 |
| Median Household Income | $93,539 | $95,466 | $80,455 |
| Price-to-Income Ratio | 3.7 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tooele rose about 150.9%, while median household income rose about 56.2% 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 | Tooele | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.9% | 64.6% | 58.5% |
| Rental Rate | 21.1% | 27.3% | 31.2% |
| Vacancy Rate | 3.0% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Tooele has a homeownership rate of 75.9%, higher than the Utah average of 64.6%. Its housing vacancy rate is 3.0%, compared with 8.1% in Utah.
Housing Stock
| Metric | Tooele | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.04 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1990 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 6.4 | 5.5 |
The typical housing unit in Tooele was built around 1990. On average, 3.0 people live in a home with about 6.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tooele, Utah.
What is the median home price in Tooele, Utah?
The median home price in Tooele, Utah is $348,491, lower than the Utah average of $498,552.
What is the average home price in Tooele, Utah?
The typical home price in Tooele, Utah, reported as the median sale price, is $348,491. 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 Tooele, Utah?
The median gross rent in Tooele, Utah is $1,197 per month, lower than the Utah average of $1,495.
What was the median gross rent in Tooele in 2020?
In 2020, the median gross rent in Tooele, Utah was $1,022 per month.
What is the price-to-rent ratio in Tooele, Utah?
The price-to-rent ratio in Tooele, Utah is about 24.3, meaning it would take roughly 24.3 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 Tooele.
Are home prices or rent rising faster in Tooele, Utah?
Both home prices and rent are rising in Tooele, up about 15.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tooele, Utah?
75.9% of households in Tooele, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Tooele, Utah?
The housing vacancy rate in Tooele, Utah is 3.0%, lower than the Utah average of 8.1%.
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