The typical owner-occupied home in Mona is worth about $483,700, about the same as the Utah median of $489,400 and 45% above the national median of $332,700. Owners pay a median $2,207 a year in property taxes, about 0.46% of their home's value, lower than the Utah rate of 0.52%. The median household earns $115,179 a year, so the median home costs 4.2 times the median income (5.1 times for Utah). 97% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Mona at a glance
| Mona | Utah | U.S. | |
|---|---|---|---|
| Median home value | $483,700 | $489,400 | $332,700 |
| Median property tax paid per year | $2,207 | $2,525 | $3,119 |
| Property tax as a share of value | 0.46% | 0.52% | 0.94% |
| Median household income | $115,179 | $95,166 | $80,734 |
| Homes lived in by their owners | 97% | 70% | 65% |
| Owner homes with a mortgage | 74% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,654 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 2001 | 1992 | 1980 |
| Vacant homes | 5.3% | 8.1% | 10.1% |
| Population | 1,674 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Mona
At this week's average 30-year rate of 7.11%, buying the median Mona home of $483,700 with 20% down costs about $2,990 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,796, 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 $128,145 for the 20%-down payment. That payment is 31% of the median Mona household income of $115,179; at that income and 20% down, the 28% guideline points to a home of about $435,000.
| Down payment | $96,740 |
|---|---|
| Loan amount | $386,960 |
| Principal and interest | $2,603 |
| Property taxes (0.46% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $202 |
| PMI | $0 |
| Total per month | $2,990 |
Change the numbers in the calculator
| Down payment | $16,930 |
|---|---|
| Loan amount | $474,939 |
| Principal and interest | $3,195 |
| Property taxes (0.46% a year) | $185 |
| Homeowners insurance (our estimate, 0.5% a year) | $202 |
| FHA mortgage insurance | $214 |
| Total per month | $3,796 |
Change the numbers in the calculator
Questions about home buying in Mona
What is the median home value in Mona?
About $483,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mona?
Homeowners pay a median $2,207 a year, which is about 0.46% 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 Mona?
For the median home with 20% down at 7.11%, the payment is about $2,990 a month. Keeping that under 28% of gross income takes about $128,145 a year.
More about Mona
- Mortgage Refinance in Mona
- Debt Relief in Mona
- Home Equity Loans in Mona
- 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