2026 data · 0.58% property tax · Median home $420,200
Utah Mortgage Calculator
A median-priced home in Utah ($420,200) costs roughly $2,573 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Utah's effective property tax rate is 0.58% — well below the US average of about 1.0%.
Utah median-home monthly payment
$2,573/mo
P&I $2,236 · Tax $203 · Insurance $133
@ $420,200 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Utah
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $97 | $63 | $1,224 |
| $300,000 | $60,000 | $1,597 | $145 | $95 | $1,837 |
| $400,000 | $80,000 | $2,129 | $193 | $127 | $2,449 |
| $420,200 (state median) | $84,040 | $2,236 | $203 | $133 | $2,573 |
| $500,000 | $100,000 | $2,661 | $242 | $158 | $3,061 |
| $750,000 | $150,000 | $3,992 | $363 | $238 | $4,592 |
Calculations use Utah's 0.58% effective property tax rate, estimated homeowners insurance at 0.38%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Utah property tax
Effective rate
0.58%
Median home value
$420,200
Median property tax
$2,450/yr
Utah has below-average property tax rates. Primary residence assessment rate is 55% of market value vs. 100% for non-primary. Circuit breaker tax relief available for low-income homeowners 66+.
See our property tax calculator for a state-by-state property tax breakdown, and our Utah paycheck calculator to estimate take-home pay against this monthly housing cost.
Utah vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Utah (this page) | 0.58% | $420,200 | $2,450 | |
| Idaho | 0.58% | $340,900 | $1,980 | Idaho mortgage → |
| Wyoming | 0.55% | $291,100 | $1,580 | Wyoming mortgage → |
| Colorado | 0.51% | $479,900 | $2,470 | Colorado mortgage → |
| New Mexico | 0.67% | $228,300 | $1,530 | New Mexico mortgage → |
FAQs about Utah mortgages
What is the property tax rate in Utah?
Utah's effective property tax rate is 0.58%, meaning the average homeowner pays roughly 0.58% of their home's value in property tax annually. On a $420,200 home (the state median), that's about $2,450 per year, or $204 per month added to your mortgage payment.
What is the average monthly mortgage payment in Utah?
For a home at Utah's median value of $420,200, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Utah's 0.58% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,573. This includes $2,236 principal & interest, $203 property tax, and $133 homeowners insurance.
How much income do I need to buy a house in Utah?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $110,271 to comfortably afford Utah's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $71,805 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Utah a good state to buy a house?
Utah's combination of 0.58% property tax (well below the national average of ~1.0%) and median home value of $420,200 place it in the mid-range of state housing markets nationally. Utah has below-average property tax rates.
How does Utah property tax compare to neighboring states?
Utah's 0.58% rate compares to: Idaho at 0.58%, Wyoming at 0.55%, Colorado at 0.51%, New Mexico at 0.67%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Utah have a homestead exemption?
Utah offers various property tax relief programs. Utah has below-average property tax rates. Primary residence assessment rate is 55% of market value vs. 100% for non-primary. Circuit breaker tax relief available for low-income homeowners 66+. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Utah mortgage, the breakdown on a median-priced home would be: Principal & Interest $2,236, Property Tax $203, Homeowners Insurance $133. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.