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Utah
Mortgage Calculator

How Much Will Your Mortgage Be in Utah?
Utah has become such a popular place to live that 2019 saw a housing shortage in the Salt Lake City area. This means real estate prices will soon be climbing higher in the state unless you look for property outside of the capital. 2016 saw the first instance in four decades that the number of households in Utah exceeded the number of new housing units.
Homebuyers and sellers alike should be aware that they both stand to gain from the lack of a mortgage tax, transfer tax, or deed recording fee in Utah. Also, see FHA Loan in Utah for details and requirements for a home in the state.
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Utah Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
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Source of Info PropertyPath
Factors That Can Affect Your Utah Mortgage Calculations
Utah Job Stats to Consider
The most significant industries in Utah include tourism, agriculture, healthcare, mining, and finance, and the state is well known to be friendly to new businesses and entrepreneurship. Short-term job growth, research and development funding, and high-tech job growth are all doing well as noted by the US Chamber of Commerce. Utah also ranks near the top of the nation when it comes to the job market for the arts.
When it comes to employers in Utah, the largest are Intermountain Healthcare, state governments, the University of Utah, Brigham Young University, and Walmart according to the state Department of Workforce Services.
Utah's unemployment rate as of September 2019 was only 2.7%, much lower than the national rate of 3.5%. Per capital income was $46,320 as of 2018 versus the national average of $54,420.