The typical owner-occupied home in Neola is worth about $173,900, 64% below the Utah median of $489,400 and 48% below the national median of $332,700. Owners pay a median $1,631 a year in property taxes, about 0.94% of their home's value, higher than the Utah rate of 0.52%. The median household earns $101,875 a year, so the median home costs 1.7 times the median income (5.1 times for Utah). 96% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Neola at a glance
| Neola | Utah | U.S. | |
|---|---|---|---|
| Median home value | $173,900 | $489,400 | $332,700 |
| Median property tax paid per year | $1,631 | $2,525 | $3,119 |
| Property tax as a share of value | 0.94% | 0.52% | 0.94% |
| Median household income | $101,875 | $95,166 | $80,734 |
| Homes lived in by their owners | 96% | 70% | 65% |
| Owner homes with a mortgage | 53% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,215 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 14.2% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 1976 | 1992 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 354 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Neola
At this week's average 30-year rate of 7.11%, buying the median Neola home of $173,900 with 20% down costs about $1,145 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,434, 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 $49,052 for the 20%-down payment. That payment is 13% of the median Neola household income of $101,875; at that income and 20% down, the 28% guideline points to a home of about $361,000.
| Down payment | $34,780 |
|---|---|
| Loan amount | $139,120 |
| Principal and interest | $936 |
| Property taxes (0.94% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,145 |
Change the numbers in the calculator
| Down payment | $6,086 |
|---|---|
| Loan amount | $170,750 |
| Principal and interest | $1,149 |
| Property taxes (0.94% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,434 |
Change the numbers in the calculator
Questions about home buying in Neola
What is the median home value in Neola?
About $173,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Neola?
Homeowners pay a median $1,631 a year, which is about 0.94% 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 Neola?
For the median home with 20% down at 7.11%, the payment is about $1,145 a month. Keeping that under 28% of gross income takes about $49,052 a year.
More about Neola
- Mortgage Refinance in Neola
- Debt Relief in Neola
- Home Equity Loans in Neola
- 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