Mortgage payment estimates, closing cost breakdowns, and homebuying data for Tooele, Utah.
Median Home Price
$395K
Population
41K
Avg Monthly Rent
$1,350
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 Tooele.
Tooele vs Utah Median
The median home price in Tooele is $395,000, which is 18% below the Utah state median of $480,000.
Mortgage Calculator — Tooele, UT
Pre-filled with Tooele median home price and Utah tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $395K home using Utah's 0.58% tax rate and $1,200/yr insurance.
5% Down
$2,882/mo
Down: $19,750
Loan: $375K
P&I: $2,372
Tax: $191
Insurance: $100
PMI: $219
10% Down
$2,745/mo
Down: $39,500
Loan: $356K
P&I: $2,247
Tax: $191
Insurance: $100
PMI: $207
20% Down (No PMI)
$2,288/mo
Down: $79,000
Loan: $316K
P&I: $1,997
Tax: $191
Insurance: $100
Income needed (28% rule): $98K/year with 20% down, $118K/year with 10% down.
Rent vs Buy in Tooele
Rent
$1,350/mo
vs
Buy (10% down)
$2,745/mo
Price-to-rent ratio: 24.4 — At a ratio above 20, renting may be more economical in Tooele for shorter stays. Buying costs $1,395 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 Tooele is $395,000, 18% below the Utah state median of $480,000. With a population of 40,879, Tooele 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 Tooele 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 Tooele is $1,350/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.
Tooele presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Tooele.