Runaway Utah Housing Prices

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Let me show you a number that should make every parent in this state a little angry. $520,000. That's roughly the median price of a home in Utah right now. Not a fancy home. Not a view lot. The middle. The most ordinary, average house you can point at and living in Utah is amzing if you can be in one of the best places to live in Utah. Living in Salt Lake City or Park City living can be even more expensive.

Now here's the part that actually stings. To responsibly afford that median home in Salt Lake County, a family needs to earn somewhere around $150,000 per year. A hundred and fifty thousand dollars. The pros and cons of living in Utah are hinging on Utah real estate and utah market conditions.

And the median household income in Utah? It's around ninety-eight thousand. So sit with that gap for a second. The typical Utah family earns about ninety-eight thousand dollars… to buy a home that quietly requires a hundred and fifty.

That is not a small gap you close with a side hustle and skipping lattes. That is a fifty-thousand-dollar-a-year canyon. And it's the reason a teacher married to a nurse (two stable, respectable, middle-class incomes) can look at the exact kind of house their parents bought in their thirties… and not qualify for it. All of this coming from the top realtor in Utah, Scott Steele.


https://calendly.com/meetscott/30min
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