Total monthly cost of ownership
Cost to Own a Home in Vernal, Utah
A $234,000 home here costs
$1,724per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,203. The real number is $521 higher every month — 43% 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.
Vernal against Uintah County and Utah
| Measure | Vernal | Uintah County |
|---|---|---|
| Median home value | $234,200 | $270,200 |
| Median property tax | $1,275 | $1,447 |
| Effective tax rate | 0.544% | 0.536% |
| Median gross rent | $900 | $914 |
| Population | 10,254 | 36,458 |
The weather behind that power bill
Vernal sits in Uintah County, which averages a high of 95.1°F in its hottest month and a low of 5.0°F in its coldest, with 7.03" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 906 cooling and 6,773 heating degree days, which is what sets the $117 electricity line above.
See the full climate breakdown for Uintah County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Uintah County
Common questions
How much does it cost to own a home in Vernal?
A $234,000 home in Vernal, Utah costs approximately $1,724 per month with 20% down at 6.66%. That is $1,203 principal and interest, $106 property tax, $35 homeowners insurance, $185 utilities and $195 set aside for maintenance.
What is the property tax rate in Vernal?
Vernal has an effective property tax rate of 0.544%, based on a median home value of $234,200 and median real estate taxes of $1,275. That is in line with the Uintah County average of 0.536%.
What is the average home price in Vernal?
The median owner-occupied home value in Vernal, Utah is $234,200, against $270,200 across Uintah County.
Is it cheaper to rent or buy in Vernal?
Median gross rent in Vernal is $900 a month, against $1,724 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 Vernal — 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.