What’s the average mortgage payment in Utah?

With rapid population growth, a strong job market, and easy access to outdoor recreation, Utah has become one of the most competitive housing markets in the Mountain West. While affordability varies by location, buyers should expect mortgage payments that reflect continued demand and limited inventory in many areas.

According to data from Redfin and Rocket Mortgage, the average monthly mortgage payment in Utah is about $1,775 before property taxes and insurance, below the national average of $2,010.

The Utah housing market at a glance

The median home sale price in Utah is $578,500 as of October 2025. This is higher than the national median of almost $440,000, and up almost 5% over the last year. While the average monthly mortgage payment in Utah seems low for a higher median home sale price, this could be due to a combination of many other factors, such as higher incomes allowing for larger down payments on pricier homes or fluctuations in current demand.

Here are some of the recent median sale prices across the state from Redfin:

What influences mortgage payments in Utah?

A typical monthly mortgage payment includes principal, interest, property taxes, and homeowners insurance, commonly abbreviated as PITI. Each of these elements can fluctuate based on the home you choose, where it’s located, and the type of loan you use. The Rocket Mortgage^® mortgage calculator can help you see how each component affects your total monthly payment.

Home price and down payment

Utah’s higher-than-average home prices mean buyers often take on larger loan balances. For example, purchasing a $578,500 home with a 20% down payment and a 30-year fixed mortgage at 6.5% could see a principal and interest payment of about $2,925 per month before taxes and insurance.

Making a smaller down payment can help buyers get into a home sooner, but it often increases monthly costs and may require private mortgage insurance (PMI), which stays in place until enough equity is built.

Mortgage rate

Your mortgage rate plays a major role in determining affordability. Rates vary based on factors like your credit score, down payment amount, loan type,  debt-to-income ratio (DTI), and current market rates. Because Utah home prices are higher, even small rate changes can noticeably impact monthly payments, making it important to keep an eye on current mortgage rates.

Loan term

The length of your loan, or loan term, affects both your monthly payment and the total interest you’ll pay. A 30-year fixed mortgage typically offers more manageable monthly payments, while a 15-year fixed mortgage comes with higher payments but less interest over time. Buyers in Utah should weigh these options carefully to balance affordability with long-term savings.

Property taxes and insurance

Utah’s property taxes are relatively low compared with national averages, which helps offset higher home prices. The 0.53% rate on a median valued home at $455,000 adds about $201 per month, or $2,412 annually, to your mortgage payment. 

Homeowners insurance costs in Utah are generally low, with data from Insurify showing average annual costs at $1,000 less than the national average. However, premiums can vary based on factors such as home value, location, and exposure to natural risks like wildfires or flooding in certain areas.

Utah’s mortgage payments compared to other states

Within the Mountain West, Utah stands out as a high-demand market where strong job growth and population increases continue to support elevated home prices. However, compared with neighboring states like Arizona and Nevada, Utah offers comparatively lower monthly payments:

Highest monthly payments in Utah

The highest estimated monthly mortgage payments are typically found along the Wasatch Front, including counties such as Salt Lake, Utah, and Summit, where demand and limited supply push prices higher. These are the five highest average monthly mortgage payments in Utah according to Q1 2025 median sale prices from the National Association of REALTORS®:

Lowest monthly payments in Utah

More rural areas and counties farther from major employment centers tend to have lower home prices, which translates into lower estimated monthly mortgage payments:

How to calculate your mortgage payment

Mortgage payments are calculated using a standard formula that considers your loan amount, interest rate, and loan term. If you want to see how different home prices, down payments, or loan lengths affect your monthly cost, the Rocket Mortgage online mortgage calculator makes it easy to explore multiple scenarios. Rocket Mortgage also offers additional tools to help you evaluate affordability and long-term costs.

Utah-specific mortgage resources

For buyers in Utah, we’ve compiled a short list to help you get started on the road to finding the right resource for your situation:

• Utah Housing Corporation Down Payment Assistance & Loan Programs: Utah Housing offers several mortgage products with down payment and closing cost assistance through a second-mortgage DPA, making purchasing more affordable for both first-time and repeat buyers.
• Utah First-Time Homebuyer Assistance Program: A state-sponsored program that provides up to $20,000 in assistance to qualified first-time buyers for a down payment, closing costs, or mortgage interest rate buy-downs on newly constructed homes.
• HomeChoice Program (Olene Walker Housing Fund): Designed to help Utah residents who have a disability or have family members with a disability become homeowners by offering up to $70,000 in home buying assistance at a low 1% interest rate, which can be used to lower mortgage costs or reduce private mortgage insurance.
• Community Development Corporation of Utah (CDCU) Down Payment Assistance: Offers deferred down payment assistance loans for eligible first-time buyers, helping cover part of the cash needed at closing.

FAQs on the Utah’s average monthly mortgage payment

Have more questions about the average monthly mortgage payment in Utah? We have answers!

What is a good mortgage payment in Utah right now?

Utah home prices are higher than the national median, but average monthly mortgage payments are lower. Finding a “good” mortgage payment in Utah means looking in areas that fit comfortably within your budget. Use the Rocket Mortgage home affordability calculator to help you determine what makes the most sense for your situation.

What’s the difference between a 15-year vs. 30-year mortgage in Utah?

A 30-year mortgage spreads payments over a longer period, resulting in lower monthly costs, while a 15-year mortgage increases monthly payments but reduces the total interest paid. Buyers in Utah often weigh these options based on cash flow, savings goals, and how quickly they want to build equity.

How much income is needed to afford a home in Utah?

According to data from Redfin and Rocket Mortgage, the average annual household income in Utah is about $116,249. While this is the area average, actual income requirements depend on home price, interest rate, down payment, and your own personal debt. Tools like the Rocket Mortgage affordability calculator can help you understand how much house you can afford.

The bottom line: What shapes mortgage payments in Utah

Mortgage payments in Utah are driven by a combination of higher home prices, interest rates, loan terms, and ongoing costs like taxes and insurance. While the state is less affordable than it once was, relatively low property taxes and a strong economy continue to support homeownership for many buyers.

Whether you’re buying your first home or relocating within the Beehive State, getting prequalified for a loan with Rocket Mortgage can help you understand your options, assess affordability, and move forward with clarity and confidence.

*Methodology: Average monthly mortgage payment in a region, calculated based on average home purchase price for a fixed 30-year loan and a 52-week average interest rate of 6.68% from Freddie Mac as of August 2025.