Total monthly cost of ownership
Cost to Own a Home in American Fork, Utah
A $468,000 home here costs
$3,401per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $145,500 a year.
A standard mortgage calculator would have told you $2,592. The real number is $808 higher every month, 31% more than the payment most buyers budget for.
Compare Utah County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
American Fork against Utah County and Utah
| Measure | American Fork | Utah County |
|---|---|---|
| Median home value | $467,900 | $489,200 |
| Median property tax | $2,145 | $2,234 |
| Effective tax rate | 0.458% | 0.457% |
| Median gross rent | $1,665 | $1,441 |
| Population | 35,312 | 683,622 |
The weather behind that power bill
American Fork sits in Utah County, which averages a high of 93.1°F in its hottest month and a low of 22.0°F in its coldest, with 20.19" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,013 cooling and 5,415 heating degree days, which is what sets the $102 electricity line above.
See the full climate breakdown for Utah County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Utah County
Talk to someone who works this market
These are American Fork averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works American Fork every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in American Fork I already own here and may sell
Common questions
How much does it cost to own a home in American Fork?
A $468,000 home in American Fork, Utah costs approximately $3,401 per month with 20% down at 7.4%. That is $2,592 principal and interest, $179 property tax, $70 homeowners insurance, $170 utilities and $390 set aside for maintenance.
What is the property tax rate in American Fork?
American Fork has an effective property tax rate of 0.458%, based on a median home value of $467,900 and median real estate taxes of $2,145. That is in line with the Utah County average of 0.457%.
What is the average home price in American Fork?
The median owner-occupied home value in American Fork, Utah is $467,900, against $489,200 across Utah County.
Is it cheaper to rent or buy in American Fork?
Median gross rent in American Fork is $1,665 a month, against $3,401 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in American Fork?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in American Fork, Utah at today's rate takes a household income of roughly $145,500 a year. That covers the full $3,401 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for American Fork, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Utah.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.