Cost of Ownership · Utah

The true cost of owning a home in Utah

For a median $455,000 home in Utah, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$3,019/mo

PITI + PMI

True monthly cost

$3,398/mo

everything, incl. upkeep

The gap

+$379/mo

what approval leaves out

Principal & interest$2,570/mo

Property tax$201/mo

Homeowners insurance$78/mo

PMI (LTV > 80%)$171/mo

Maintenance reserve$379/mo

True monthly cost$3,398/mo

Effective property-tax rate

0.53%

Avg. homeowners premium

$937/yr

NFIP flood claims on record

1,204

These figures use Utah’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Utah ranks on property tax and insurance, or browse every state.