CALCMONEY // HOME AFFORDABILITY // UT // SANDY
How much house can you afford in Sandy? Based on local median home prices, current UT mortgage rates, and Sandy property tax data.
$695,000
$4,328/mo
$185,480/yr
$387,303
Monthly housing costs of $4,328 represent 44.8% of Sandy's median gross monthly income ($9,667/mo). At 44.8%, median-income buyers in Sandy are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $695,000 |
| Down Payment (20%) | $139,000 |
| Loan Amount | $556,000 |
| Monthly PI Payment | $3,662 |
| Monthly Property Tax | $376 |
| Monthly Insurance Est. | $290 |
| Total Monthly PITI | $4,328 |
| Housing Cost % of Income | 44.8% |
| Required Income (28% rule) | $185,480/yr |
| Max Affordable Home | $387,303 |
$24,325
$5,558/mo
Sandy Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $695,000 | Sandy city median |
| Down Payment (20%) | $139,000 | Conventional loan |
| Monthly PITI | $4,328 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $185,480 | Annual gross |
| Max Affordable Home | $387,303 | Based on median income |
| FHA Down (3.5%) | $24,325 | Minimum FHA |
| Housing Cost % of Income | 44.8% | Median income: $116,000/yr |
| Property Tax Rate | 0.65% | $4,518/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Sandy is $695,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $556,000, generating a monthly P&I payment of $3,662. Adding property taxes ($376/mo) and homeowners insurance ($290/mo) brings total monthly PITI to $4,328.
Sandy's property tax rate of 0.65% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Sandy median home, that is $376/month, or $4,518 per year.
Utah levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Sandy should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Sandy's median income of $116,000/year can afford up to $2,707/month in total housing costs. Based on Sandy's mortgage rate of 6.9% and property tax rate of 0.65%, that translates to a maximum affordable home price of approximately $387,303 with 20% down on a 30-year loan.
To afford the median Sandy home priced at $695,000, you need an annual gross income of approximately $185,480. Total monthly housing costs (principal and interest of $3,662, property taxes of $376, and insurance of $290) come to $4,328/month, which equals 28% of the required income.
At the median home price of $695,000 and median household income of $116,000, the total monthly housing cost of $4,328 represents 44.8% of gross monthly income. This is well above the standard 28% threshold, making Sandy a challenging market for buyers at median income.
A conventional 20% down payment on the median Sandy home of $695,000 is $139,000. An FHA loan requires just 3.5% down — $24,325 — but adds mortgage insurance of roughly $475/month, bringing total FHA payments to $5,558/month.
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