How Much House Can You Afford in Utah?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With Utah's median income of $79,000/year ($6,583/month), that means a maximum housing payment of roughly $1,843/month.
At 6.79% over 30 years with a 10% down payment ($51,000), that monthly budget supports a purchase price of approximately $484,500–$510,000. The median home price in Utah is $510,000, which means housing is near the national average.