Total monthly cost of ownership
Cost to Own a Home in Nephi, Utah
A $380,000 home here costs
$2,665per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,954. The real number is $711 higher every month — 36% 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.
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 $117 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
Common questions
How much does it cost to own a home in Nephi?
A $380,000 home in Nephi, Utah costs approximately $2,665 per month with 20% down at 6.66%. That is $1,954 principal and interest, $153 property tax, $57 homeowners insurance, $185 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 $2,665 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 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.