Utah Homes For Rent
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FAQ
The statewide median home price hit $521,500 in June of 2022, ing to the Utah Association of Realtors. At that price, if you made a 10 percent down payment ($52,150) on a 30-year mortgage with a 5.5 percent interest rate, your monthly mortgage payment for principal and interest would be $2,664.
Utah has had rapid population and job growth which has increased the demand for housing. ing to Norada Real Estate,Utah has a rapidly growing job market which continues to bring people in. Other factors in Utah housing are rising construction costs and rising interest rates.
Average Housing Costs in Utah: $946 to $1,840 per month How much you'll spend depends on what type of living arrangements you choose. With more than 1.19 million housing units, ing to 2021 census data, you'll have plenty of options to choose from.
Median Sales Price The median house cost most recently reported for Utah is $526,700- a slight dip year-over-year (-6%). Utah home prices rose steadily through 2020, 2021, and for the first half of 2022- peaking in May 2022 at a little under $527,000 (26% growth from the previous year).
$507,814. The average Utah home value is $507,814, down 4.0% over the past year and goes to pending in around 20 days.