What is the average mortgage rate in Utah in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Utah 2026
Utah has one of the fastest-growing housing markets in the US, with a median home price of $505,171 in early 2026. No state real estate transfer tax helps keep closing costs manageable.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Utah. Not financial advice.
Utah at a glance
- Average home price: $505,171
- State income tax: Yes (4.5% flat rate)
- Land transfer tax: None
- Typical monthly payment: $2,815/mo on $505,171 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Utah have a real estate transfer tax?
No — Utah has no state real estate transfer tax, which helps reduce closing costs.
What is the median home price in Utah in 2026?
$505,171 — significantly above the national median.
How much do I need to earn to afford a home in Utah?
To afford $505,171 with 20% down at 7.46%, you need approximately $115,000–$125,000 annual income.
Utah mortgage calculator · Educational reference only. Not financial or lending advice.