The typical owner-occupied home in Honeyville is worth about $477,800, about the same as the Utah median of $489,400 and 44% above the national median of $332,700. Owners pay a median $2,394 a year in property taxes, about 0.50% of their home's value, close to the Utah rate of 0.52%. The median household earns $87,083 a year, so the median home costs 5.5 times the median income (5.1 times for Utah). 88% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Honeyville at a glance
| Honeyville | Utah | U.S. | |
|---|---|---|---|
| Median home value | $477,800 | $489,400 | $332,700 |
| Median property tax paid per year | $2,394 | $2,525 | $3,119 |
| Property tax as a share of value | 0.50% | 0.52% | 0.94% |
| Median household income | $87,083 | $95,166 | $80,734 |
| Homes lived in by their owners | 88% | 70% | 65% |
| Owner homes with a mortgage | 57% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,993 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 20.5% | 21.0% |
| Median rent | $1,325 | $1,496 | $1,413 |
| Rent as a share of renters' income | 28.8% | 28.9% | 30.6% |
| Median year homes were built | 1990 | 1992 | 1980 |
| Vacant homes | 10.0% | 8.1% | 10.1% |
| Population | 1,275 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Honeyville
At this week's average 30-year rate of 7.11%, buying the median Honeyville home of $477,800 with 20% down costs about $2,970 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,765, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $127,265 for the 20%-down payment. That payment is 41% of the median Honeyville household income of $87,083; at that income and 20% down, the 28% guideline points to a home of about $327,000.
The median rent here is $1,325 a month, so owning the median home costs about $1,645 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $95,560 |
|---|---|
| Loan amount | $382,240 |
| Principal and interest | $2,571 |
| Property taxes (0.50% a year) | $199 |
| Homeowners insurance (our estimate, 0.5% a year) | $199 |
| PMI | $0 |
| Total per month | $2,970 |
Change the numbers in the calculator
| Down payment | $16,723 |
|---|---|
| Loan amount | $469,146 |
| Principal and interest | $3,156 |
| Property taxes (0.50% a year) | $199 |
| Homeowners insurance (our estimate, 0.5% a year) | $199 |
| FHA mortgage insurance | $211 |
| Total per month | $3,765 |
Change the numbers in the calculator
Questions about home buying in Honeyville
What is the median home value in Honeyville?
About $477,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Honeyville?
Homeowners pay a median $2,394 a year, which is about 0.50% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Honeyville?
For the median home with 20% down at 7.11%, the payment is about $2,970 a month. Keeping that under 28% of gross income takes about $127,265 a year.
More about Honeyville
- Mortgage Refinance in Honeyville
- Debt Relief in Honeyville
- Home Equity Loans in Honeyville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data