For Buyers
Quick-reference data on Utah home prices, property taxes, loan programs, and closing costs to help you plan your purchase.
Market Data
Salt Lake County
Salt Lake City, Sandy, Draper, West Jordan
Washington County
St. George, Hurricane, Ivins
Davis County
Layton, Bountiful, Kaysville
Utah County
Provo, Orem, Lehi, Eagle Mountain
Weber County
Ogden, Roy, North Ogden
Cache County
Logan, North Logan, Smithfield
Iron County
Cedar City, Enoch, Parowan
Prices are approximate median values and fluctuate with market conditions. Contact Judy for the latest data in your target area.
Tax Information
| County | Effective Rate | Annual Tax on $400K |
|---|---|---|
| Salt Lake | 0.67% | $2,680 |
| Utah | 0.55% | $2,200 |
| Davis | 0.63% | $2,520 |
| Weber | 0.65% | $2,600 |
| Washington | 0.52% | $2,080 |
| Cache | 0.58% | $2,320 |
| Iron | 0.55% | $2,200 |
Rates reflect primary residential exemption (45% reduction). Actual rates vary by municipality and tax district.
Financing Options
Down Payment: 3.5% minimum
Credit Score: 580+ (3.5% down) or 500+ (10% down)
2024 Loan Limit: $498,257 (standard Utah counties), up to $766,550 in high-cost areas
Government-backed loan with flexible requirements. Requires mortgage insurance premium (MIP) for the life of the loan.
Down Payment: $0 (zero down)
Credit Score: Typically 620+
PMI: None required
Available to eligible veterans, active duty, and surviving spouses. No down payment, no monthly PMI, and competitive interest rates. One of the best loan programs available.
Down Payment: 3% to 20%+
Credit Score: Typically 620+
PMI: Required below 20% down, removable once you reach 20% equity
Not government-backed. Often offers the best rates for borrowers with strong credit. Conforming loan limit: $766,550 (2024).
First-Time Buyers
Offered by the Utah Housing Corporation, this program provides below-market interest rates and down payment assistance for qualifying first-time buyers. Income and purchase price limits apply. Down payment assistance can be a grant or a second mortgage at 0% interest.
Designed for buyers with lower credit scores (starting at 620), the Score Loan provides competitive rates and up to 4% of the loan amount in down payment assistance. This program helps make homeownership accessible to buyers who may not qualify for conventional financing.
Zero down payment for homes in eligible rural areas. Many Utah communities outside the Wasatch Front qualify, including parts of Iron, Washington, Cache, and other counties. Income limits apply. No PMI, though there is a small annual guarantee fee.
Budget Planning
| Cost Item | Typical Range |
|---|---|
| Loan Origination Fee | 0.5% - 1% of loan |
| Appraisal Fee | $400 - $600 |
| Home Inspection | $350 - $500 |
| Title Insurance (Lender's Policy) | $400 - $1,000 |
| Escrow / Settlement Fee | $400 - $800 |
| Recording Fees | $50 - $150 |
| Prepaid Property Taxes | 2 - 6 months |
| Prepaid Homeowner's Insurance | 12 months upfront |
| Total Closing Costs (Buyer) | 2% - 5% of purchase price |
On a $400,000 purchase, budget approximately $8,000 - $20,000 in closing costs in addition to your down payment.
At a Glance
Avg Property Tax Rate
Statewide average effective rate
Primary Residence Exemption
Reduces taxable property value
Days to Close
Typical timeline from offer to keys
Earnest Money
Typical good-faith deposit
Due Diligence Days
Standard inspection period
FHA Loan Limit
2024 standard Utah counties
Key facts for Utah home buyers: median home prices by county, property tax rates, available loan programs, typical closing costs, and down payment requirements. This data is maintained by Judy Beltran, Top 250 Utah Realtor.
This page provides key facts and statistics for Utah home buyers, including median prices, tax rates, loan programs, and closing costs.
Utah’s average effective property tax rate is approximately 0.58%. Primary residences receive a 45% reduction in assessed value.
Conventional (3% down), FHA (3.5% down), VA (0% down for veterans), USDA (0% down in rural areas), and Utah Housing Corporation down payment assistance programs.
2% to 5% of the purchase price. On a $400,000 home, that is $8,000 to $20,000.