Total monthly cost of ownership
Cost to Own a Home in Nephi, Utah
A $380,000 home here costs
$2,770per 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 $118,500 a year.
A standard mortgage calculator would have told you $2,072. The real number is $698 higher every month, 34% more than the payment most buyers budget for.
Compare Juab 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.
Nephi against Juab County and Utah
| Measure | Nephi | Juab County |
|---|---|---|
| Median home value | $379,800 | $369,800 |
| Median property tax | $1,838 | $1,708 |
| Effective tax rate | 0.484% | 0.462% |
| Median gross rent | $1,010 | $917 |
| Population | 6,700 | 12,273 |
The weather behind that power bill
Nephi sits in Juab County, which averages a high of 95.1°F in its hottest month and a low of 14.8°F in its coldest, with 8.01" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 882 cooling and 6,094 heating degree days, which is what sets the $103 electricity line above.
See the full climate breakdown for Juab County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Juab County
Talk to someone who works this market
These are Nephi 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 Nephi every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Nephi?
A $380,000 home in Nephi, Utah costs approximately $2,770 per month with 20% down at 7.24%. That is $2,072 principal and interest, $153 property tax, $57 homeowners insurance, $171 utilities and $317 set aside for maintenance.
What is the property tax rate in Nephi?
Nephi has an effective property tax rate of 0.484%, based on a median home value of $379,800 and median real estate taxes of $1,838. That is higher than the Juab County average of 0.462%.
What is the average home price in Nephi?
The median owner-occupied home value in Nephi, Utah is $379,800, against $369,800 across Juab County.
Is it cheaper to rent or buy in Nephi?
Median gross rent in Nephi is $1,010 a month, against $2,770 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 Nephi?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Nephi, Utah at today's rate takes a household income of roughly $118,500 a year. That covers the full $2,770 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Nephi, 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.