Salt Lake City, UT home prices
Typical home $558,850 · +1.1% in a year · income needed $151,600
The Salt Lake City, UT metro area ranks 54 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.1% in a year and +12.3% over five years. With 20% down at 7.11%, the typical home costs about $3,538 a month including 0.54% property tax (Salt Lake County rate).
Mortgage on the typical Salt Lake City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $111,770 | $447,080 | $3,008 | $0 | $531 | $3,538 | $151,600 |
| 10% down | $55,885 | $502,965 | $3,383 | $210 | $531 | $4,124 | $176,700 |
| 5% down | $27,942 | $530,907 | $3,571 | $221 | $531 | $4,323 | $185,300 |
| 3.5% down (FHA) | $19,560 | $548,727 | $3,691 | $247 | $531 | $4,469 | $191,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Salt Lake City area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Salt Lake County, UT | $567,330 | +1.2% | 0.54% |
| Tooele County, UT | $475,828 | -0.3% | 0.57% |
What can you afford in Utah on your salary? · Utah home prices · Salaries in Utah
Frequently asked questions
How much is a house in Salt Lake City?
The typical home in the Salt Lake City, UT metro area is worth $558,850 (Zillow, September 2026).
What salary do you need to buy a house in Salt Lake City?
About $151,600 a year for the typical home with 20% down at 7.11%.