Total monthly cost of ownership
Cost to Own a Home in Ballard, Utah
A $241,000 home here costs
$1,849per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $79,500 a year.
A standard mortgage calculator would have told you $1,314. The real number is $536 higher every month, 41% more than the payment most buyers budget for.
Compare Uintah County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Ballard from a five-year rolling sample, and with about 1,648 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Uintah County figures are drawn from a far larger sample if you want a steadier number.
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 $103 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
Talk to someone who works this market
These are Ballard 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 Ballard every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ballard I already own here and may sell
Common questions
How much does it cost to own a home in Ballard?
A $241,000 home in Ballard, Utah costs approximately $1,849 per month with 20% down at 7.24%. That is $1,314 principal and interest, $128 property tax, $36 homeowners insurance, $171 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 $1,849 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 Ballard?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ballard, Utah at today's rate takes a household income of roughly $79,500 a year. That covers the full $1,849 monthly cost, not just the mortgage payment.
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.