UT

Utah Home Buying Guide

West Region · Non-Judicial Foreclosure State

Homestead ExemptionNo Transfer Tax

Key Facts at a Glance

Median Home Price
$520,000
Property Tax Rate
0.63%
Transfer Tax
None
Attorney Required
No
Foreclosure Type
Non-Judicial

What Makes Utah Unique

No transfer tax

Salt Lake City area has seen very strong appreciation

Utah Housing offers DPA with every purchase program

First-Time Buyer Programs in Utah

1

Utah Housing FirstHome Loan

Contact your state housing finance agency for current eligibility and rates

2

Utah Housing Score Loan

Contact your state housing finance agency for current eligibility and rates

3

Utah Housing Down Payment Assistance

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Utah

0.9%
Avg Closing Costs
of purchase price
$4,680
Estimated Closing Costs
on median-priced home
None
Transfer Tax
no transfer tax!

Attorney at Closing

Attorney Not Required

Utah does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Utah Buyers

1

No transfer tax reduces upfront costs in an already expensive market.

2

Utah Housing DPA is a second mortgage at 2% interest.

3

St. George and Provo are seeing tech-sector-driven demand.

Estimated Annual Ownership Cost in Utah

Based on the median home price of $520,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$37,346
Annual Property Taxes$3,276
Homeowners Insurance (est.)$2,600
Maintenance (est. 1%/yr)$5,200

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Utah.