Total monthly cost of ownership
Cost to Own a Home in Ferron, Utah
A $213,000 home here costs
$1,602per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,095. The real number is $507 higher every month — 46% 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.
Ferron against Emery County and Utah
| Measure | Ferron | Emery County |
|---|---|---|
| Median home value | $213,300 | $197,100 |
| Median property tax | $1,364 | $1,151 |
| Effective tax rate | 0.639% | 0.584% |
| Median gross rent | $679 | $696 |
| Population | 1,361 | 9,968 |
The weather behind that power bill
Ferron sits in Emery County, which averages a high of 90.2°F in its hottest month and a low of 15.7°F in its coldest, with 8.4" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 744 cooling and 6,380 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for Emery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Emery County
Common questions
How much does it cost to own a home in Ferron?
A $213,000 home in Ferron, Utah costs approximately $1,602 per month with 20% down at 6.66%. That is $1,095 principal and interest, $113 property tax, $32 homeowners insurance, $185 utilities and $178 set aside for maintenance.
What is the property tax rate in Ferron?
Ferron has an effective property tax rate of 0.639%, based on a median home value of $213,300 and median real estate taxes of $1,364. That is higher than the Emery County average of 0.584%.
What is the average home price in Ferron?
The median owner-occupied home value in Ferron, Utah is $213,300, against $197,100 across Emery County.
Is it cheaper to rent or buy in Ferron?
Median gross rent in Ferron is $679 a month, against $1,602 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 Ferron — 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.