Utah
Ranked #41 of 51 for housing affordability
Median Home Price
🏠$518K
5.54x income
Median Rent
🔑$1,551
31.0% rent-burdened
Median Income
💰$93K
Population: 3,417,734
Homeownership
🏡70.0%
3,050 experiencing homelessness
Housing Shortage
📉45,000
units needed
Building Permits (2024)
🔨23,902
Price-to-Income
📊5.54x
Severe Rent Burden
⚠️13.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1566) is above the state median rent ($1551) — vouchers cover typical rents.
Metros in Utah
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Salt Lake City | 35 | $548K | $1,639 | $94K | 31.0% |
| Ogden | 72 | $487K | $1,528 | $100K | 17.7% |
| Provo-Orem-Lehi | 64 | $567K | $1,556 | $101K | 21.5% |
| St. George | 52 | $528K | $1,624 | $77K | 28.5% |
| Logan | 65 | $467K | $1,253 | $85K | 15.4% |
Market Trends
Homeownership Rate
70.0%
Rent-to-Income Ratio
20.0%
of gross income spent on rent
Total Households
1,167,591
Owner-Occupied
818,033
Renter-Occupied
349,558
Homelessness
Latest Count (2024)
3,869
1-Year Change
+4.9%
10-Year Trend (2015–2024)
+27.9%
3,025 → 3,869
Housing Policies
Construction Activity
Total Permits (2024)
23,902
1.7% of national total
Single-Family
17,674
74% of state permits
Multi-Family
6,228
26% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
45,000
units needed
National Shortage
7,300,000
0.6% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Utah burden rates with national demographic breakdown
Cost-Burdened Renters
31.0%
paying >30% of income
Severely Burdened
13.5%
paying >50% of income
Households >30% Burden
73,193
Households >35% Burden
16,004