Total monthly cost of ownership
Cost to Own a Home in Ballard, Utah
A $241,000 home here costs
$1,788per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,239. The real number is $549 higher every month — 44% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ballard against Uintah County and Utah
| Measure | Ballard | Uintah County |
|---|---|---|
| Median home value | $241,100 | $270,200 |
| Median property tax | $1,530 | $1,447 |
| Effective tax rate | 0.635% | 0.536% |
| Median gross rent | $1,233 | $914 |
| Population | 1,648 | 36,458 |
The weather behind that power bill
Ballard sits in Uintah County, which averages a high of 95.1°F in its hottest month and a low of 5.0°F in its coldest, with 7.03" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 906 cooling and 6,773 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for Uintah County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Uintah County
Common questions
How much does it cost to own a home in Ballard?
A $241,000 home in Ballard, Utah costs approximately $1,788 per month with 20% down at 6.66%. That is $1,239 principal and interest, $128 property tax, $36 homeowners insurance, $185 utilities and $201 set aside for maintenance.
What is the property tax rate in Ballard?
Ballard has an effective property tax rate of 0.635%, based on a median home value of $241,100 and median real estate taxes of $1,530. That is higher than the Uintah County average of 0.536%.
What is the average home price in Ballard?
The median owner-occupied home value in Ballard, Utah is $241,100, against $270,200 across Uintah County.
Is it cheaper to rent or buy in Ballard?
Median gross rent in Ballard is $1,233 a month, against $1,788 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ballard — 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.