Utah County, Utah Housing Market
In Utah County, Utah, the median home value is $538,700, with a median monthly rent of $1,541. This places Utah County at #109 nationally out of 3134 counties by median home value, and #5 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: $1,263
- Establishments: 22,598
- BLS QCEW, 2025
Housing Supply
- Single-family: 5,324
- Multi-family: 1,878
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 227,995 (avg $110,315)
- Outflow: 219,607 (avg $109,784)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Utah County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 84004 | 318.5 | +6.61% | 2025 |
| 2 | 84604 | 304.8 | +7.55% | 2025 |
| 3 | 84606 | 340.3 | +4.95% | 2025 |
| 4 | 84003 | 317.7 | +3.98% | 2025 |
| 5 | 84664 | 321.9 | +5.83% | 2025 |
| 6 | 84097 | 313.5 | +2.32% | 2025 |
| 7 | 84043 | 327.6 | +2.21% | 2025 |
| 8 | 84042 | 292.8 | +2.00% | 2025 |
| 9 | 84663 | 308.9 | +0.64% | 2025 |
| 10 | 84062 | 316.1 | +4.38% | 2025 |
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 Utah County Compares
| Metric | Utah County | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $538,700 | $418,720 | $227,706 |
| Median Gross Rent | $1,541 | $1,149 | $968 |
| Owner Occupancy Rate | 68.3% | 77.2% | 73.3% |
| Price/Rent Ratio | 29.1 | 29.9 | 18.7 |
Market Analysis
The median home value in Utah County is 28.7% above the Utah state average and 136.6% above the U.S. national average. The median rent of $1,541/month is 34.1% above the state average.
With a price-to-rent ratio of 29.1, Utah 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.
Utah County has an owner-occupancy rate of 68.3%, compared to 77.2% in Utah and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Grand County | Utah | $538,700 | $1,118 |
| Hudson County | New Jersey | $539,700 | $1,894 |
| Washoe County | Nevada | $539,900 | $1,608 |
| Collier County | Florida | $540,700 | $1,862 |
| Flathead County | Montana | $535,500 | $1,142 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grand County | $538,700 | $1,118 | 70.3% |
| Salt Lake County | $525,700 | $1,592 | 66.1% |
| Washington County | $510,700 | $1,566 | 71.6% |
| Davis County | $505,500 | $1,621 | 77.3% |
| Cache County | $444,400 | $1,213 | 63.7% |
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).