Mortgage Affordability Calculator for Utah (UT) — Free Calculator

Buying a Home in Utah: What You Can Afford

The median home value in Utah is $470,000. Utah's housing market saw extreme appreciation 2020-2022 (50-70% in Salt Lake and Utah counties), followed by a significant correction in 2023. Prices remain well above 2019 levels. St. George and Park City are premium markets.

Conforming Loan Limits in Utah

The conforming loan limit in Utah is $726,200. Most Utah counties are at the standard conforming limit. Summit County (Park City) qualifies for higher limits. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.

Property Taxes to Budget For

Beyond your mortgage payment, budget for Utah's property taxes: the effective rate is 0.52%, meaning a home at the median value generates about $2,191/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.

Closing Costs in Utah

Buyers typically pay around $3,100 in closing costs in Utah. Utah has no transfer tax on residential properties, which significantly reduces closing costs. Title insurance is the primary variable cost component. Factor this into your upfront cash requirement alongside your down payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What is the median home price in Utah?

The median home value in Utah is $470,000. Utah's housing market saw extreme appreciation 2020-2022 (50-70% in Salt Lake and Utah counties), followed by a significant correction in 2023. Prices remain well above 2019 levels. St. George and Park City are premium markets.

What is the conforming loan limit in Utah?

The conforming loan limit in most of Utah is $726,200. Most Utah counties are at the standard conforming limit. Summit County (Park City) qualifies for higher limits.

How much are property taxes in Utah?

Utah's effective property tax rate is 0.52%, with an average annual bill of $2,191. Lenders include property taxes in your monthly PITI payment and DTI calculation.

How much do I need for a down payment in Utah?

For a home at Utah's median value of $470,000, a 20% conventional down payment is $94,000, and a 3.5% FHA down payment is $16,500. Budget an additional $3,100 for closing costs.