Estimate your monthly payment using Utah's average home price of $500,000 and property tax rate of 0.58%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Utah's housing market in 2026 has a median home price of approximately $500,000, placing it above the national median of around $420,000. Utah has one of the fastest-growing populations of any state driven by strong job growth tech sector expansion and high birth rates. Whether you're buying your first home in Salt Lake City or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Utah average 0.58% of assessed value annually — among the lowest property tax rates in the nation. On a $500,000 home, that translates to roughly $242 per month added to your mortgage payment. Salt Lake City, Provo, and Ogden all fall under Utah's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Utah Housing Corporation (UHC) FirstHome and HomeAgain loans offer competitive rates with optional down payment assistance. Beyond state programs, FHA loans remain popular in Utah requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Utah's low property tax rate combined with no inheritance tax makes long-term homeownership costs more manageable. When shopping for a mortgage in Utah, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $500,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Utah home of $500,000 puts your estimated total monthly cost at approximately $3,058 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Utah is approximately $500,000 as of 2026. Prices vary significantly by city and county — Salt Lake City tends to be pricier while more rural areas offer lower prices.
Utah has among the lowest property tax rates in the nation at 0.58% of assessed value. On a $500,000 home that adds about $242 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Utah Housing Corporation (UHC) FirstHome and HomeAgain loans offer competitive rates with optional down payment assistance. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.