Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Home prices in Utah have surged since 2010, more than tripling from roughly $215,000 to $510,000 in 2024 amid explosive Wasatch Front growth.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (UTSTHPI).
| Indicator | Utah | U.S. |
|---|---|---|
| 10-yr appreciation (%) | 137 | 75 |
Median Home Value
Utah's median home value reached about $510,000 in 2024, the 6th highest in the nation, driven by rapid population growth along the Wasatch Front.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Utah | U.S. |
|---|---|---|
| Median home value (USD) | 510000 | 360000 |
Rent Prices
The median monthly rent in Utah is about $1,400, above the national median, particularly in the Salt Lake City and Provo metro areas.
Rent of primary residence index (West region)
2006–2025BLS CPI-U, West region, annual average (CUUR0400SEHA).
| Indicator | Utah | U.S. |
|---|---|---|
| Median rent (USD/mo) | 1400 | 1350 |
Housing Inventory
Utah has about 1.15 million total housing units, with construction ramping up quickly to meet demand from continued population growth.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Utah | U.S. |
|---|---|---|
| Housing units (millions) | 1.15 | 146 |
Building Permits
Utah issued roughly 24,000 residential building permits in 2023, among the highest per-capita rates in the country given rapid growth.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED UTBPPRIV).
| Indicator | Utah | U.S. |
|---|---|---|
| Permits per 1,000 residents | 6.9 | 4.4 |
Homeownership Rate
Utah's homeownership rate stands at 70.6%, well above the national average, reflecting large families and strong cultural emphasis on homeownership.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED UTHOWN).
| Indicator | Utah | U.S. |
|---|---|---|
| Homeownership rate (%) | 70.6 | 65.7 |
Housing Affordability
Housing affordability has worsened sharply in Utah, with home prices climbing far faster than the median household income of $96,300, straining first-time buyers.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Utah | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 107.8 | 100 |
| Price-to-income ratio | 5.3 | 5 |
Vacancy Rate
Utah's housing vacancy rate is about 7.5%, reflecting a tightening market as new construction struggles to keep pace with population growth.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED UTRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED UTHVAC).
| Indicator | Utah | U.S. |
|---|---|---|
| Vacancy rate (%) | 7.5 | 10.5 |