Rent vs buy in Taylorsville, UT

In Taylorsville, Utah, the typical rent is $1,610 /mo and the typical home value is $491,714.

Rent

Renting comes out ahead by $51k over 7 years

The calculation uses 20% down and today's mortgage rate with Taylorsville's typical rent and home value. The break-even point is year 15.

Clearly labeled opinion, with the math shown. Estimates, not quotes. Adjust any number and the stamp updates.

Renting is ahead by: $51k
Break-even point: In year 15
Actual cost of owning: $4,078 per month

Change my numbers

Taylorsville's typical rent and its typical home value are what the stamp uses. Change your rent, price or years and the result can flip.

Do your numbers differ from the city's?

Enter the rent, price, and down payment amounts you want. Then the stamp updates to match those figures.

In Taylorsville, is renting or buying cheaper?

Including the money you get back when you sell, renting costs $50,775 less over 7 years. For the first 14 years, renting is cheaper. By year 15, owning catches up.

Rent. Buying. Net cost by year so far.

Taylorsville average rent compared with mortgage payment

Rent and mortgage payments aren't the whole story. For year 1, here's every monthly cost at Taylorsville's typical price.

Each month, year 1	Amount	What it is
Rent	$1,610	All of it, every month
Mortgage payment	$2,681	$2,363 of it is interest in year 1
Property tax	$238	0.58% of the value a year
Insurance	$64	Census median for the city
Upkeep	$410	1% of the value a year
Owning, cash out	$3,392	$318 of it builds equity
Lost return on the down payment	$799	What that cash would earn each year at 8.3%
Buying costs, spread out	$205	3.5% of the price over 7 years
True cost of owning	$4,078	Cash paid, minus the equity portion, plus the two lines above

Figures supporting the Taylorsville verdict

Typical home valueZillow ZHVI, September 2026: $491,714
Typical rentZillow ZORI, September 2026: $1,610 /mo
Down payment20% avoids private mortgage insurance, which the engine does not model: 20%
Mortgage rateFreddie Mac Primary Mortgage Market Survey (FRED MORTGAGE30US): 7.24%
Home price growthFHFA house price index, Utah, 1995 to 2025: 5.1% a year
Rent growthCPI rent of primary residence, yearly growth 2006 to 2026: 3.5% a year
Return on savings60% S&P 500 with dividends and 40% 10-year Treasuries, rebalanced yearly, 1928 to 2025: 8.3% a year
Property taxCensus ACS 2020-2024, Taylorsville: 0.58% of value
Home insuranceCensus ACS 2020-2024, Taylorsville: $64 /mo
MaintenanceFannie Mae, low end of 1% to 4%: 1% of value a year
Buying costsFreddie Mac, middle of 2% to 5%: 3.5% of price
Selling costsAgent commission plus closing costs: 6% of price

What could change the Taylorsville result?

Each line shows where the 7-year Taylorsville verdict changes, with everything else held the same.

Renting comes out ahead when

Home price growth stays under 6.3% each year (our figure: 5.1%, Utah's long-run rate).
A mortgage rate above 5.40% remains in effect.
For a similar home, monthly rent is under $2,150; the local typical amount is $1,610.
Your move happens before year 15.

Buying comes out ahead when

Prices for homes grow more than 6.3% each year.
You lock in a mortgage rate under 5.40% (currently 7.24%).
The same home would cost more than $2,150 a month to rent.
You remain there for 15 years or more.

How Taylorsville compares with the other 812 cities

Measure	Taylorsville	Median city
Typical home value	$491,714	$422,451
Typical rent	$1,610 /mo	$1,837 /mo
Price-to-rent ratio	25.5 (#133 of 813)	18.5
Home prices, last 10 years	7.5% a year	6.2% a year
Property tax	0.58%	0.87%
Households that rent	29%	42%

Sources: Zillow ZHVI and ZORI, Census ACS 2020-2024.

More cities across Utah

Rent. West Jordan, UT. Renting saves you $65k.
Rent. South Jordan, UT. Renting saves you $67k.

Utah rent vs buy: state figures