Wayne County, Utah Housing Market Prices
Wayne 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 23% above the Utah median Among the 5 most expensive counties in Utah$611,607
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Median rent 41% below the Utah median Cheaper than 79% of counties in Utah$883
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wayne County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $611,607 | $498,552 | $248,835 |
| Price Trend (Annual %) | 19.9% | 11.3% | 7.5% |
| Median Gross Rent | $883 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wayne County is about 23% higher than in Utah. Rent is about 41% 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 Wayne County, up about 19.9% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Wayne County rose about 62.5% between 2015 and 2024, from $543 to $883. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Wayne County.
Buying the median-priced home in Wayne County costs roughly 57.7 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 Wayne County. The price-to-rent ratio in Utah is about 27.8.
| Metric | Wayne County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $611,607 | $498,552 | $248,835 |
| Median Household Income | $81,958 | $95,466 | $80,455 |
| Price-to-Income Ratio | 7.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wayne County rose about 179.6%, while median household income rose about 50.7% 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 | Wayne County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.9% | 64.6% | 58.5% |
| Rental Rate | 13.8% | 27.3% | 31.2% |
| Vacancy Rate | 33.4% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Wayne County has a homeownership rate of 52.9%, lower than the Utah average of 64.6%. Its housing vacancy rate is 33.4%, compared with 8.1% in Utah.
Housing Stock
| Metric | Wayne County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.9 | 6.4 | 5.5 |
The typical housing unit in Wayne County was built around 1986. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Wayne County, UT Housing Compared With Nearby Counties
How Wayne County, UT compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wayne County, UT | 2,583 | $611,607 #1/3 | $883 #2/3 | 79.3% #2/3 |
| Emery County, UT | 10,044 | $79,090 | $739 | 80.1% |
| Sevier County, UT | 22,087 | $153,578 | $912 | 77.8% |
Frequently Asked Questions
Common questions about the housing market in Wayne County, Utah.
What is the median home price in Wayne County, Utah?
The median home price in Wayne County, Utah is $611,607, higher than the Utah average of $498,552.
What is the average home price in Wayne County, Utah?
The typical home price in Wayne County, Utah, reported as the median sale price, is $611,607. 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 Wayne County, Utah?
The median gross rent in Wayne County, Utah is $883 per month, lower than the Utah average of $1,495.
What was the median gross rent in Wayne County in 2020?
In 2020, the median gross rent in Wayne County, Utah was $679 per month.
What is the price-to-rent ratio in Wayne County, Utah?
The price-to-rent ratio in Wayne County, Utah is about 57.7, meaning it would take roughly 57.7 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 Wayne County.
Are home prices or rent rising faster in Wayne County, Utah?
Both home prices and rent are rising in Wayne County, up about 19.9% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wayne County, Utah?
52.9% of households in Wayne County, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Wayne County, Utah?
The housing vacancy rate in Wayne County, Utah is 33.4%, higher than the Utah average of 8.1%.
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