Wayne County, Utah Housing Market
In Wayne County, Utah, the median home value is $411,800, with a median monthly rent of $884. This places Wayne County at #263 nationally out of 3134 counties by median home value, and #13 within Utah.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2024
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $881
- Establishments: 130
- BLS QCEW, 2025
Housing Supply
- Single-family: 29
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,119 (avg $71,978)
- Outflow: 992 (avg $71,130)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Wayne County Compares
| Metric | Wayne County | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $411,800 | $418,720 | $227,706 |
| Median Gross Rent | $884 | $1,149 | $968 |
| Owner Occupancy Rate | 79.3% | 77.2% | 73.3% |
| Price/Rent Ratio | 38.8 | 29.9 | 18.7 |
Market Analysis
The median home value in Wayne County is 1.7% below the Utah state average and 80.8% above the U.S. national average. The median rent of $884/month is 23.1% below the state average.
With a price-to-rent ratio of 38.8, Wayne 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.
Wayne County has an owner-occupancy rate of 79.3%, 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 |
|---|---|---|---|
| Sarasota County | Florida | $411,800 | $1,818 |
| Mason County | Washington | $411,800 | $1,285 |
| Kodiak Island Borough | Alaska | $412,300 | $1,765 |
| Yuba County | California | $412,300 | $1,311 |
| Kane County | Utah | $410,900 | $1,072 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kane County | $410,900 | $1,072 | 80.4% |
| Box Elder County | $403,600 | $1,116 | 76.0% |
| Juab County | $425,400 | $907 | 83.8% |
| Weber County | $426,700 | $1,379 | 74.1% |
| Tooele County | $431,600 | $1,189 | 81.8% |
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).