Total monthly cost of ownership
Cost to Own a Home in Layton, Utah
A $437,000 home here costs
$3,221per 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 $138,000 a year.
A standard mortgage calculator would have told you $2,421. The real number is $800 higher every month, 33% more than the payment most buyers budget for.
Compare Davis 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.
Layton against Davis County and Utah
| Measure | Layton | Davis County |
|---|---|---|
| Median home value | $437,400 | $470,500 |
| Median property tax | $2,416 | $2,546 |
| Effective tax rate | 0.552% | 0.541% |
| Median gross rent | $1,455 | $1,516 |
| Population | 82,512 | 366,742 |
The weather behind that power bill
Layton sits in Davis County, which averages a high of 91.3°F in its hottest month and a low of 21.2°F in its coldest, with 16.36" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,052 cooling and 5,850 heating degree days, which is what sets the $102 electricity line above.
See the full climate breakdown for Davis County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Davis County
Talk to someone who works this market
These are Layton 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 Layton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Layton I already own here and may sell
Common questions
How much does it cost to own a home in Layton?
A $437,000 home in Layton, Utah costs approximately $3,221 per month with 20% down at 7.4%. That is $2,421 principal and interest, $201 property tax, $66 homeowners insurance, $170 utilities and $364 set aside for maintenance.
What is the property tax rate in Layton?
Layton has an effective property tax rate of 0.552%, based on a median home value of $437,400 and median real estate taxes of $2,416. That is higher than the Davis County average of 0.541%.
What is the average home price in Layton?
The median owner-occupied home value in Layton, Utah is $437,400, against $470,500 across Davis County.
Is it cheaper to rent or buy in Layton?
Median gross rent in Layton is $1,455 a month, against $3,221 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 Layton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Layton, Utah at today's rate takes a household income of roughly $138,000 a year. That covers the full $3,221 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Layton, 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.