Can I Afford a $350K Home in Utah?
Complete mortgage breakdown for a $350,000 home in Utah, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $10,500 | $2,641 | $113,181 |
| 5% | $17,500 | $2,592 | $111,086 |
| 10% | $35,000 | $2,470 | $105,846 |
| 20% | $70,000 | $2,109 | $90,367 |
Monthly Cost Breakdown (Utah)
Affordability Rules of Thumb
Buying a $350K Home in Utah
A $350,000 home in Utah falls in the mid-range of the housing market. At $2,109/month with 20% down, you'll need a household income of about $90,367 to comfortably afford this home under the 28% rule. Property taxes in Utah (0.58%) add $169 monthly to your costs.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Utah.
Other Home Prices in Utah
$350K Homes in Other States
Explore Related Data for a $350K Home in Utah
Dig into every angle of a $350K home purchase in Utah — affordability, take-home pay, taxes, rent vs buy, and retirement.
What salary you need to afford $350K in Utah
Affordability analysis — 90,000/yr gets you to this price range.
Take-home pay on $85,000 in Utah
Federal tax, state tax, Social Security, and Medicare breakdown.
Tax brackets on $85,000 in Utah
See exactly which brackets your income crosses.
Rent $1,500/mo vs buy $350,000
Compare total costs, equity, and break-even timeline.
Retirement at 30 earning $90,000
Savings benchmarks and projections for someone at this income.
Frequently Asked Questions
How much is a mortgage on a $350K home in Utah?
With 20% down on a $350K home in Utah, your estimated monthly payment is $2,109 including principal, interest (6.875%), property taxes (0.58%), and homeowners insurance.
What salary do you need for a $350K house in Utah?
To afford a $350K home in Utah with 20% down, you'd need a household income of approximately $90,367 per year, using the 28% rule (housing costs should not exceed 28% of gross income).
How much are property taxes on a $350K home in Utah?
Property taxes on a $350K home in Utah are approximately $2,030 per year ($169/month), based on the average effective property tax rate of 0.58%.
What is the total cost of a $350K home in Utah over 30 years?
The total cost of a $350K home in Utah over 30 years includes the down payment of $70,000 plus $2,109 monthly for 360 months. This totals approximately $829,084, including all property taxes, insurance, and interest.
Is PMI required on a $350K home in Utah?
No, PMI is not required because you're putting down 20% or more. However, if you put down less than 20%, PMI typically adds ~0.5% of the loan amount annually to your monthly payment.