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:$465,000
Avg Rent:$1,754/mo
Avg Price/Rent:22.2
Utah Housing Market Summary
14
Cities Analyzed
0
Favor Buying
7
Favor Renting
7
Toss-Up
Across Utah's 14 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Utah is $465,000, with average rents at $1,754/month. This gives an average price-to-rent ratio of 22.2.
$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 | $505,000 | $1,950 | 21.6 | 9 yrs | Toss-up |
| West Valley City | $510,000 | $1,750 | 24.3 | 17 yrs | Rent |
| West Jordan | $440,000 | $1,900 | 19.3 | 7 yrs | Toss-up |
| Provo | $525,000 | $1,800 | 24.3 | 13 yrs | Rent |
| Orem | $455,000 | $1,500 | 25.3 | 11 yrs | Rent |
| Sandy | $440,000 | $1,550 | 23.7 | 11 yrs | Rent |
| St. George | $415,000 | $1,850 | 18.7 | 7 yrs | Toss-up |
| Ogden | $410,000 | $1,900 | 18.0 | 7 yrs | Toss-up |
| Layton | $535,000 | $1,800 | 24.8 | 15 yrs | Rent |
| South Jordan | $470,000 | $1,700 | 23.0 | 11 yrs | Rent |
| Lehi | $425,000 | $1,650 | 21.5 | 8 yrs | Toss-up |
| Taylorsville | $525,000 | $1,650 | 26.5 | 9 yrs | Rent |
| Logan | $445,000 | $1,900 | 19.5 | 6 yrs | Toss-up |
| Murray | $410,000 | $1,650 | 20.7 | 7 yrs | Toss-up |
Compare Other States
Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
Open Full Calculator