Total monthly cost of ownership
Cost to Own a Home in Price, Utah
A $190,000 home here costs
$1,505per 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 $64,500 a year.
A standard mortgage calculator would have told you $1,036. The real number is $469 higher every month, 45% more than the payment most buyers budget for.
Compare Carbon 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.
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 $103 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
Talk to someone who works this market
These are Price 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 Price 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 Price?
A $190,000 home in Price, Utah costs approximately $1,505 per month with 20% down at 7.24%. That is $1,036 principal and interest, $111 property tax, $29 homeowners insurance, $171 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 $1,505 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 Price?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Price, Utah at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,505 monthly cost, not just the mortgage payment.
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.