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Home Affordability Calculator Salt Lake City, UT — 2026
Median home price in Salt Lake City: $520,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $3,102 — requiring $132,943/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$520,000
Income needed (annual)
$132,943
Est. monthly PITI
$3,102
Property tax/month
$277
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How much house can you afford in Salt Lake City at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (0.64%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords Salt Lake City median? |
|---|---|---|---|
| $50,000 | $195,581 | $1,167/mo | ✗ No |
| $75,000 | $293,371 | $1,750/mo | ✗ No |
| $100,000 | $391,162 | $2,333/mo | ✗ No |
| $125,000 | $488,952 | $2,917/mo | ✗ No |
| $150,000 | $586,743 | $3,500/mo | ✓ Yes |
| $175,000 | $684,533 | $4,083/mo | ✓ Yes |
| $200,000 | $782,324 | $4,667/mo | ✓ Yes |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 0.64% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median Salt Lake City home
$520,000 purchase price with 20% down ($104,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$2,630/month on a $416,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $530,800.
Property tax (0.64% effective rate)
$277/month ($3,324/year). Utah's effective property tax rate of approximately 0.64% is well below the national average — a meaningful benefit given the Wasatch Front's elevated purchase prices. On a $520,000 Salt Lake City home, property taxes add approximately $277/month.
Homeowners insurance (est.)
$195/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$3,102/month estimated. Income needed to keep this under 28% of gross monthly income: $132,943/year.
Salt Lake City housing market 2026
Salt Lake City and the Wasatch Front have been among the fastest-appreciating markets in the US over the past decade, driven by the "Silicon Slopes" tech corridor running from Lehi to Provo. Millcreek and East Bench neighbourhoods command premiums; South Jordan and Herriman are primary suburban growth areas. Ski resort communities (Park City, Deer Valley) command significant additional premiums.
Key numbers for Salt Lake City buyers
- Median home price: $520,000 (2026 estimate)
- 20% down payment: $104,000
- Loan amount (80% LTV): $416,000
- Monthly P&I at 6.5% / 30yr: $2,630
- Monthly P&I at 6.5% / 15yr: $3,624
- Est. PITI (P&I + tax + insurance): $3,102/month
- Income needed (28% front-end DTI): $132,943/year
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Austin, TX
Median $525,000 · income needed $161,614/yr · 2.1% tax
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Home affordability Salt Lake City — frequently asked questions
How much house can I afford in Salt Lake City?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $391,162 in Salt Lake City. The median home price in Salt Lake City is $520,000, which requires approximately $132,943/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in Salt Lake City?
To afford Salt Lake City's median home price of $520,000 at 6.5% on a 30-year loan with 20% down, you need approximately $132,943/year in gross income. This assumes the full PITI payment of $3,102/month (P&I $2,630 + property tax $277 + insurance $195) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in Salt Lake City in 2026?
The estimated median home price in Salt Lake City in 2026 is approximately $520,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in Salt Lake City?
Salt Lake City, UT's effective property tax rate is approximately 0.64%. On a $520,000 home, that is roughly $277/month or $3,324/year in property taxes. Utah's effective property tax rate of approximately 0.64% is well below the national average — a meaningful benefit given the Wasatch Front's elevated purchase prices. On a $520,000 Salt Lake City home, property taxes add approximately $277/month.
Is Salt Lake City affordable to buy in 2026?
Salt Lake City's median home price of $520,000 requires an annual gross income of approximately $132,943 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $3,102/month. Salt Lake City and the Wasatch Front have been among the fastest-appreciating markets in the US over the past decade, driven by the "Silicon Slopes" tech corridor running from Lehi to Provo.