Utah Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Utah's housing market has moderated from its pandemic-era frenzy, with prices stabilizing and inventory increasing from historic lows. The Silicon Slopes tech corridor (Lehi, Draper, American Fork) continues to drive demand from tech workers, though the pace has slowed from 2020-2022. Salt Lake City proper has seen increasing density with condo and townhome development. Utah County (Provo-Orem) remains one of the fastest-growing areas in the state, driven by BYU, tech companies, and family-oriented communities. St. George in southern Utah has attracted retirees and remote workers seeking mild winters at prices below the Wasatch Front.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Utah?

The Utah housing market is showing balanced conditions.

home values have grown a moderate 2.0% year-over-year. there are currently 1,335 homes on the market.

Median Home Value

$533,118

Zillow Home Value Index

Year-over-Year

+2%

Home value change

5-Year Change

+31.8%

Since 2021

Median Rent

$1,734/mo

Zillow Observed Rent Index

Active Listings

1,335

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Utah vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Utah: $1,734/mo (+3% YoY)

Rent vs. Buy Analysis

With a median home value of $533,118 and average rent of $1,734/mo, the price-to-rent ratio in Utah is 25.6. A ratio above 21 suggests renting may be more cost-effective.

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