Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$532,920+1.2% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$115,526About 1.2× the local median income ($96,398): a stretch for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.8%Zillow expects prices to rise slightly
The typical home in Utah is worth $532,920, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $463,615, so the area is 14.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 8% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 1.8% over the next year. A household needs about $115,526 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,398. In the latest IRS figures, 1,007 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$532,920
Change in 1 year
+1.2%
Overvalued %
+14.9%
Show 7 more
Fair home value
$463,615
Change in 5 years
+12.5%
Zillow forecast, next 12 months
+1.8%
Home value to income
5.5×
Monthly mortgage payment (20% down)
$2,888
Income needed to afford it
$115,526
Property tax rate
0.52%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,491
Market activity
Listings vs a year ago
+8.5%
Days on market
71
Listings with a price cut
24.7%
Show 3 more
Homes for sale
15,457
Pending sales per 100 listings
27
Asking price per sq ft
$252
People and jobs
Median household income
$96,398
Population change (1 year)
+1.0%
Unemployment rate
3.6%
Show 4 more
Population
3,538,904
Income adjusted for cost of living
$97,470
Net moves in (IRS)
+1,007
Cost of living (US = 100)
98.9
Schools, risk and environment
FEMA hazard risk score (0 to 100)
84.7
Unhealthy air days a year
7
Flood risk score
74.6
Show 3 more
Wildfire risk score
95.3
Walkability (1 to 20)
10.8
Road, rail and air noise
54 dB
Questions people ask
Is Utah overvalued?
Home prices in Utah are well above what local incomes have historically supported: fair value is about $463,615, so the area is 14.9% overvalued.
Is Utah a buyer's or seller's market?
Utah is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 8% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Utah?
Home values in Utah are up 1.2% over the last year. Zillow's forecast for the next 12 months is +1.8%.
How much do you need to earn to buy a home in Utah?
A household needs about $115,526 a year to afford the typical home in Utah at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,398.