In short
The median value of owner-occupied homes is $545,200 in Utah and $620,100 in the city of Salt Lake City, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Utah prices up 1.1% and Salt Lake City–Murray prices up 0.2% from Q2 2025 to Q2 2026.
What it costs: median value in 2024
| Area | Median value, 2024 | Margin of error (90%) |
|---|---|---|
| United States | $360,600 | ±$618 |
| Utah | $545,200 | ±$6,188 |
| Salt Lake City–Murray metro area | $575,200 | ±$8,465 |
| Salt Lake County | $583,600 | ±$8,645 |
| City of Salt Lake City | $620,100 | ±$24,177 |
Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The Utah median is $184,600 above the national median.
- The city of Salt Lake City sits $74,900 above the Utah median and $36,500 above the Salt Lake County median.
- The margin of error for the city (±$24,177) is much wider than for the state, because the sample is smaller. The true city median is very likely between about $595,900 and $644,300.
How prices have moved: the FHFA index
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| Utah | +1.1% | +24.0% |
| Salt Lake City–Murray metro area | +0.2% | +22.7% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
Utah prices rose about half as fast as the national index over the past year, and the Salt Lake City area was almost flat. Over five years, both still gained more than a fifth, but less than the nation’s 33.4%.
A worked example
Take a Salt Lake City–area home worth $500,000 in the second quarter of 2021. Tracking the Salt Lake City–Murray index exactly, it would have been worth about $613,500 in the second quarter of 2026 (+22.7%). Over the last year alone, it would have gained about $950 (+0.2%). A single home can differ widely from the index.
How to use these figures when buying
Closing costs come on top: our Utah closing costs guide covers who pays what, and buying a home in Salt Lake City applies these numbers to the city. Also see the Utah first-time buyer programs, and the property tax guide shows the yearly cost of owning.
Method and dataset
ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Utah (0400000US49), Salt Lake City–Murray, UT metro area (310M700US41620), Salt Lake County (0500000US49035), Salt Lake City city (1600000US4967000). Read through the data.census.gov API on October 13, 2026. The definition of value comes from the ACS 2024 Subject Definitions.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Utah), metro series (Salt Lake City-Murray, UT, code 41620) and U.S. series. Index values used: Utah 717.31 (Q2 2025), 584.39 (Q2 2021) and 724.90 (Q2 2026); Salt Lake City–Murray 794.87, 648.98 and 796.39; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in Utah?
Utah’s 2024 ACS median home value is $545,200 (±$6,188), against $360,600 for the nation: owners’ own estimates, not sale prices.
What is the median home value in Salt Lake City?
For the city of Salt Lake City, the 2024 ACS median value is $620,100 (±$24,177). Salt Lake County is at $583,600 and the Salt Lake City–Murray metro area at $575,200.
Are Utah home prices going up or down?
FHFA’s purchase-only index shows Utah prices rose 1.1% over the year to Q2 2026, and the Salt Lake City–Murray area rose 0.2%. Over five years, they rose 24.0% and 22.7%.
How Utah compares with the other States
At $545,200, Utah ranks 6th of the 50 States for median home value, in the top ten and 51% above the national $360,600.
The States closest in median value are Colorado ($574,600) and Oregon ($497,500). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Utah is $205,700 above the middle of that ranking (Wyoming).
On the FHFA index, Utah prices rose 1.1% over the year to the second quarter of 2026, which places the State 35th of 50, 1 points behind the national +2.1%. Over five years the gain is +24% (45th of 50; nation +33.4%).
The two measures diverge: Utah is among the dearest States, yet its prices rose less than most over the past year.
Over five years, Utah's +24% annualises to +4.4% a year (nation +5.9%). The latest year (+1.1%) is 3.3 points under that average, a slower pace than the five-year average.
Salt Lake City, the main city, has a median of $620,100, 8th of the 49 main cities Payotte covers. That is 14% above the Utah median, a premium that ranks 23rd of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Utah (+1.1%) is 7.2 points below the top and 2.3 above the bottom; Arkansas (+1.1%) and Maine (+1.1%) are the nearest to it.
For scale, 20% of the Utah median is $109,040, against $72,120 at the national median.
Compare with the other states: Median home price by state.
More Utah guides
- Closing costs in Utah: what buyers and sellers pay
- Real estate transfer tax in Utah: is there one?
- How Utah property tax works and the 45% residential exemption
- Seller disclosure requirements in Utah: what sellers must tell
- Do you need a real estate attorney to close in Utah?
- How does foreclosure work in Utah, and how long does it take?
- First-time home buyer programs in Utah: where to look for help
- How to verify a real estate license in Utah (5 professions)
Sources
- Census Bureau, ACS 1-Year 2024, table B25077 (consulted October 13, 2026)
- Census Bureau, 2025 ACS release schedule (consulted October 13, 2026)
- American Community Survey 2024 Subject Definitions (U.S. Census Bureau) (consulted October 13, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)