Wayne County, UT real estate

What the numbers say

Wayne County, UT real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Wayne County pay a median of $1,394 a year in property taxes on a median home value of $411,800, an effective rate of about 0.34%. The Utah average is 0.52%, which makes Wayne County the #2 lowest-tax of 29 counties in the state with published tax data.

Renters pay a median of $884 a month, and $1,042 for a two-bedroom. At today's prices a typical home costs about 39 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $412,000 home here comes to about $2,533 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $109,000 a year (the median household here earns $76,607).