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Summit County Housing Market

Utah · 29 counties · Ranked #3126 in home value

Above National Avg

Housing at a Glance

Median Home Value

$1,000,400

vs national+$1,000,400 vs $281,900 national

Median Gross Rent

$1,969/mo

vs national+$1,969 vs $1,163 national

Effective Tax Rate

0.35%

vs national0.35% vs 1.02% national

Median Household Income

$137,058

vs national+$137,058 vs $74,755 national

Affordability Ratio

7.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,469

Tax as % of Home Value

0.35%

Monthly Owner Cost

$2,074

Renter Income

$88,092

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Mortgage

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Home Search

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Summit County?

The median home value in Summit County is $1,000,400. This is above the national median of $281,900.

How much is rent in Summit County?

The median gross rent in Summit County is $1,969 per month.

What is the property tax rate in Summit County?

The effective property tax rate in Summit County is 0.35%. The median annual property tax bill is $3,469.

Is Summit County affordable?

With a home-value-to-income ratio of 7.3x, Summit County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.