Wasatch County, Utah Housing Market Prices
Wasatch 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 41% above the Utah median Among the 3 most expensive counties in Utah$704,059
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Median rent 34% above the Utah median Most expensive county in Utah$2,000
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wasatch County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $704,059 | $498,552 | $248,835 |
| Price Trend (Annual %) | 26.6% | 11.3% | 7.5% |
| Median Gross Rent | $2,000 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.3% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wasatch County is about 41% higher than in Utah. Rent is about 34% 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 Wasatch County, up about 26.6% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Wasatch County rose about 84.8% between 2015 and 2024, from $1,082 to $2,000. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Wasatch County.
Buying the median-priced home in Wasatch County costs roughly 29.3 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 Wasatch County. The price-to-rent ratio in Utah is about 27.8.
| Metric | Wasatch County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $704,059 | $498,552 | $248,835 |
| Median Household Income | $117,131 | $95,466 | $80,455 |
| Price-to-Income Ratio | 6.0 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wasatch County rose about 54.3%, while median household income rose about 71.6% 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 | Wasatch County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 64.6% | 58.5% |
| Rental Rate | 15.7% | 27.3% | 31.2% |
| Vacancy Rate | 20.7% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Wasatch County has a homeownership rate of 63.7%, lower than the Utah average of 64.6%. Its housing vacancy rate is 20.7%, compared with 8.1% in Utah.
Housing Stock
| Metric | Wasatch County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 2000 | 1989 | 1978 |
| Median Number of Rooms | 7.1 | 6.4 | 5.5 |
The typical housing unit in Wasatch County was built around 2000. On average, 2.8 people live in a home with about 7.1 rooms, staying for about 13.0 years on average.
Wasatch County, UT Housing Compared With Nearby Counties
Wasatch County, UT is the smallest of the 4 counties compared here, 36,658 residents against a local median of 704,800. The measure that sets Wasatch County, UT apart most is median home price: $704,059, 28% above the local median of $549,866.
Median rent tells the same story from another angle: $2,000 against a local median of $1,592, 26% above it. The one measure here that carries a verdict is homeownership, and at 17% above the local median it puts Wasatch County, UT at the better end of the local range. The counties themselves spread $217,812 on median home price, so Wasatch County, UT sits at one end of an already wide local range rather than apart from it. Wasatch County, UT has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wasatch County, UT | 36,658 | $704,059 #2/4 | $2,000 #1/4 | 80.3% #1/4 |
| Utah County, UT | 704,800 | $545,737 | $1,540 | 68.3% |
| Summit County, UT | 42,950 | $763,548 | $1,986 | 80.2% |
| Salt Lake County, UT | 1,196,263 | $549,866 | $1,592 | 66.1% |
Frequently Asked Questions
Common questions about the housing market in Wasatch County, Utah.
What is the median home price in Wasatch County, Utah?
The median home price in Wasatch County, Utah is $704,059, higher than the Utah average of $498,552.
What is the average home price in Wasatch County, Utah?
The typical home price in Wasatch County, Utah, reported as the median sale price, is $704,059. 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 Wasatch County, Utah?
The median gross rent in Wasatch County, Utah is $2,000 per month, higher than the Utah average of $1,495.
What was the median gross rent in Wasatch County in 2020?
In 2020, the median gross rent in Wasatch County, Utah was $1,435 per month.
What is the price-to-rent ratio in Wasatch County, Utah?
The price-to-rent ratio in Wasatch County, Utah is about 29.3, meaning it would take roughly 29.3 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 Wasatch County.
Are home prices or rent rising faster in Wasatch County, Utah?
Both home prices and rent are rising in Wasatch County, up about 26.6% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wasatch County, Utah?
63.7% of households in Wasatch County, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Wasatch County, Utah?
The housing vacancy rate in Wasatch County, Utah is 20.7%, higher than the Utah average of 8.1%.
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