Mortgage payment estimates, closing cost breakdowns, and homebuying data for Layton, Utah.
Median Home Price
$445K
Population
78K
Avg Monthly Rent
$1,450
Property Tax Rate
0.58% *
* Property tax shown is the Utah state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Layton.
Layton vs Utah Median
The median home price in Layton is $445,000, which is 7% below the Utah state median of $480,000.
Mortgage Calculator — Layton, UT
Pre-filled with Layton median home price and Utah tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $445K home using Utah's 0.58% tax rate and $1,200/yr insurance.
5% Down
$3,234/mo
Down: $22,250
Loan: $423K
P&I: $2,672
Tax: $215
Insurance: $100
PMI: $247
10% Down
$3,080/mo
Down: $44,500
Loan: $401K
P&I: $2,531
Tax: $215
Insurance: $100
PMI: $234
20% Down (No PMI)
$2,565/mo
Down: $89,000
Loan: $356K
P&I: $2,250
Tax: $215
Insurance: $100
Income needed (28% rule): $110K/year with 20% down, $132K/year with 10% down.
Rent vs Buy in Layton
Rent
$1,450/mo
vs
Buy (10% down)
$3,080/mo
Price-to-rent ratio: 25.6 — At a ratio above 20, renting may be more economical in Layton for shorter stays. Buying costs $1,630 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Layton is $445,000, 7% below the Utah state median of $480,000. With a population of 78,014, Layton is a smaller market where home prices tend to be more accessible than in many parts of Utah.
Property taxes in Utah average 0.58% annually. This low property tax rate is a significant advantage for Layton buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Utah runs approximately $1,200 per year. This is within the normal range nationally.
Average rent in Layton is $1,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Layton is a higher-cost market. At $445K median, buyers need significant savings or strong income. Down payment assistance through Utah's UHC FirstHome Loan program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Layton.