Total monthly cost of ownership
Cost to Own a Home in Price, Utah
A $190,000 home here costs
$1,459per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $482 higher every month — 49% 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.
Price against Carbon County and Utah
| Measure | Price | Carbon County |
|---|---|---|
| Median home value | $189,800 | $200,700 |
| Median property tax | $1,333 | $1,288 |
| Effective tax rate | 0.702% | 0.642% |
| Median gross rent | $796 | $828 |
| Population | 8,216 | 20,446 |
The weather behind that power bill
Price sits in Carbon 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 Carbon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carbon County
Common questions
How much does it cost to own a home in Price?
A $190,000 home in Price, Utah costs approximately $1,459 per month with 20% down at 6.66%. That is $977 principal and interest, $111 property tax, $29 homeowners insurance, $185 utilities and $158 set aside for maintenance.
What is the property tax rate in Price?
Price has an effective property tax rate of 0.702%, based on a median home value of $189,800 and median real estate taxes of $1,333. That is higher than the Carbon County average of 0.642%.
What is the average home price in Price?
The median owner-occupied home value in Price, Utah is $189,800, against $200,700 across Carbon County.
Is it cheaper to rent or buy in Price?
Median gross rent in Price is $796 a month, against $1,459 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 Price — 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.