Total monthly cost of ownership
Cost to Own a Home in Washington Terrace, Utah
A $332,000 home here costs
$2,505per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $107,500 a year.
A standard mortgage calculator would have told you $1,839. The real number is $666 higher every month, 36% more than the payment most buyers budget for.
Compare Weber 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.
Washington Terrace against Weber County and Utah
| Measure | Washington Terrace | Weber County |
|---|---|---|
| Median home value | $332,300 | $389,200 |
| Median property tax | $2,041 | $2,415 |
| Effective tax rate | 0.614% | 0.621% |
| Median gross rent | $1,084 | $1,269 |
| Population | 9,196 | 266,183 |
The weather behind that power bill
Washington Terrace sits in Weber County, which averages a high of 86.8°F in its hottest month and a low of 9.5°F in its coldest, with 30.64" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 267 cooling and 7,788 heating degree days, which is what sets the $102 electricity line above.
See the full climate breakdown for Weber County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Weber County
Talk to someone who works this market
These are Washington Terrace 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 Washington Terrace every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Washington Terrace I already own here and may sell
Common questions
How much does it cost to own a home in Washington Terrace?
A $332,000 home in Washington Terrace, Utah costs approximately $2,505 per month with 20% down at 7.4%. That is $1,839 principal and interest, $170 property tax, $50 homeowners insurance, $170 utilities and $277 set aside for maintenance.
What is the property tax rate in Washington Terrace?
Washington Terrace has an effective property tax rate of 0.614%, based on a median home value of $332,300 and median real estate taxes of $2,041. That is in line with the Weber County average of 0.621%.
What is the average home price in Washington Terrace?
The median owner-occupied home value in Washington Terrace, Utah is $332,300, against $389,200 across Weber County.
Is it cheaper to rent or buy in Washington Terrace?
Median gross rent in Washington Terrace is $1,084 a month, against $2,505 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 Washington Terrace?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Washington Terrace, Utah at today's rate takes a household income of roughly $107,500 a year. That covers the full $2,505 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Washington Terrace, 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.