Utah Mortgage Calculator

Mortgage Calculator in Utah

The median home price in Utah is $500,000, which is 19% above the national average of $420,000. Utah's effective property tax rate of 0.58% is 0.52 percentage points lower than the national average of 1.1%.

Metric	Utah (UT)	National Avg	vs National Average
Median Home Price	$500,000	$420,000	+19%
Property Tax Rate	0.58%	1.1%	-0.52%
Home Insurance (Annual)	$1,200	$2,300	-48%
State Sales Tax	6.1%	5%	+1.1%
FHA Loan Limit	$472,030	$472,030	Standard
Conforming Loan Limit	$766,550	$766,550	Standard

Homeownership in Utah

Utah has one of the fastest-growing populations and most dynamic economies in the country, anchored by the 'Silicon Slopes' tech corridor from Salt Lake City to Provo. Home prices have surged dramatically from pre-2020 levels, with the statewide median now around $500,000. Salt Lake County and Utah County are among the most competitive markets, with new construction largely outpacing existing inventory. Utah's property tax at 0.58% is low, and the state assesses at 55% of market value.

Tips for Utah Homebuyers and Homeowners

• Utah assesses residential property at 55% of market value -- on a $500,000 home, the assessed value is $275,000, and the 0.58% effective rate applies to that figure.
• Utah has the highest birth rate of any U.S. state and a very young population -- this means sustained entry-level buyer demand and upward pressure on starter home prices that may persist longer than in other states.
• The Silicon Slopes tech boom has created very high incomes among early tech employees -- this bid-up effect on real estate means buyers competing in the Salt Lake / Provo corridor need to be prepared for above-list offers.
• Utah has a flat 4.55% income tax rate, and the state does not have an estate tax -- a relatively clean and predictable tax environment for long-term financial planning.

Utah Programs and Assistance

• Utah Housing Corporation (UHC) FirstHome Loan -- competitive fixed-rate mortgages for first-time buyers with income limits and purchase price caps by county.
• UHC HomeAgain Loan -- extends below-market financing to repeat buyers, not just first-time, with broader eligibility criteria.
• UHC Score Loan -- specifically designed for buyers with limited credit history or non-traditional credit profiles, providing an on-ramp to homeownership for younger buyers.

Did you know? Utah has the youngest median age of any U.S. state (around 31 years old) and the highest birth rate -- creating a structurally large cohort of new household formations that puts persistent upward pressure on housing demand, particularly in the Wasatch Front corridor.