Rent vs Buy in Utah
Compare 14 cities across Utah. Find out whether renting or buying makes more financial sense in your area.
14cities analyzed
Avg Home:$534,892
Avg Rent:$1,663/mo
Avg Price/Rent:26.9
Utah Housing Market Summary
14
Cities Analyzed
0
Favor Buying
14
Favor Renting
0
Toss-Up
Across Utah's 14 analyzed cities, the majority (14 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Utah.
The average home price in Utah is $534,892, with average rents at $1,663/month. This gives an average price-to-rent ratio of 26.9.
$Most Affordable Cities
$$Most Expensive Cities
All Utah Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Salt Lake City | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| West Valley City | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| Provo | $534,713.76 | $1,797.85 | 24.8 | N/A | Rent |
| West Jordan | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| Orem | $534,713.76 | $1,797.85 | 24.8 | N/A | Rent |
| Sandy | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| Ogden | $450,369.11 | $1,442.09 | 26.0 | N/A | Rent |
| St. George | $522,143.46 | $1,890.42 | 23.0 | N/A | Rent |
| Layton | $545,747.66 | $1,811.46 | 25.1 | N/A | Rent |
| Taylorsville | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| South Jordan | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
| Lehi | $534,713.76 | $1,797.85 | 24.8 | N/A | Rent |
| Logan | $454,811.39 | $1,495.7 | 25.3 | N/A | Rent |
| Murray | $558,753.78 | $1,606.76 | 29.0 | N/A | Rent |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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