Summit County, Utah Housing Market
In Summit County, Utah, the median home value is $1,067,700, with a median monthly rent of $1,987. This places Summit County at #11 nationally out of 3134 counties by median home value, and #1 within Utah.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,334
- Establishments: 3,494
- BLS QCEW, 2025
Housing Supply
- Single-family: 334
- Multi-family: 229
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,964 (avg $384,745)
- Outflow: 18,398 (avg $354,016)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Summit County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 84055 | 381.7 | +27.57% | 2025 |
| 2 | 84033 | 339.6 | -7.45% | 2025 |
| 3 | 84017 | 376.3 | +7.50% | 2025 |
| 4 | 84098 | 409.9 | -5.51% | 2025 |
| 5 | 84036 | 359.7 | -1.70% | 2025 |
| 6 | 82930 | 338.0 | +4.42% | 2025 |
| 7 | 84060 | 313.6 | +4.86% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Summit County Compares
| Metric | Summit County | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $1,067,700 | $418,720 | $227,706 |
| Median Gross Rent | $1,987 | $1,149 | $968 |
| Owner Occupancy Rate | 80.2% | 77.2% | 73.3% |
| Price/Rent Ratio | 44.8 | 29.9 | 18.7 |
Market Analysis
The median home value in Summit County is 155.0% above the Utah state average and 368.9% above the U.S. national average. The median rent of $1,987/month is 72.9% above the state average.
With a price-to-rent ratio of 44.8, Summit County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Summit County has an owner-occupancy rate of 80.2%, compared to 77.2% in Utah and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Falls Church city | Virginia | $1,055,600 | $2,190 |
| Alameda County | California | $1,090,100 | $2,357 |
| New York County | New York | $1,090,500 | $2,197 |
| Santa Cruz County | California | $1,027,500 | $2,264 |
| Pitkin County | Colorado | $1,139,100 | $2,004 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wasatch County | $787,300 | $2,000 | 80.3% |
| Morgan County | $654,900 | $1,492 | 88.8% |
| Grand County | $538,700 | $1,118 | 70.3% |
| Utah County | $538,700 | $1,541 | 68.3% |
| Salt Lake County | $525,700 | $1,592 | 66.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).