Total monthly cost of ownership
Cost to Own a Home in Francis, Utah
A $701,000 home here costs
$4,874per 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 $209,000 a year.
A standard mortgage calculator would have told you $3,822. The real number is $1,052 higher every month, 28% more than the payment most buyers budget for.
Compare Summit County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Francis from a five-year rolling sample, and with about 1,797 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 Summit 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.
Francis against Summit County and Utah
| Measure | Francis | Summit County |
|---|---|---|
| Median home value | $700,900 | $1,000,400 |
| Median property tax | $2,301 | $3,469 |
| Effective tax rate | 0.328% | 0.347% |
| Median gross rent | $1,583 | $1,969 |
| Population | 1,797 | 42,709 |
The weather behind that power bill
Francis sits in Summit County, which averages a high of 94.0°F in its hottest month and a low of 24.2°F in its coldest, with 15.52" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,420 cooling and 5,154 heating degree days, which is what sets the $103 electricity line above.
See the full climate breakdown for Summit County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Summit County
Talk to someone who works this market
These are Francis 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 Francis every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Francis I already own here and may sell
Common questions
How much does it cost to own a home in Francis?
A $701,000 home in Francis, Utah costs approximately $4,874 per month with 20% down at 7.24%. That is $3,822 principal and interest, $192 property tax, $105 homeowners insurance, $171 utilities and $584 set aside for maintenance.
What is the property tax rate in Francis?
Francis has an effective property tax rate of 0.328%, based on a median home value of $700,900 and median real estate taxes of $2,301. That is lower than the Summit County average of 0.347%.
What is the average home price in Francis?
The median owner-occupied home value in Francis, Utah is $700,900, against $1,000,400 across Summit County.
Is it cheaper to rent or buy in Francis?
Median gross rent in Francis is $1,583 a month, against $4,874 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 Francis?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Francis, Utah at today's rate takes a household income of roughly $209,000 a year. That covers the full $4,874 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Francis, 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.