The typical owner-occupied home in Junction is worth about $168,200, 66% below the Utah median of $489,400 and 49% below the national median of $332,700. Owners pay a median $961 a year in property taxes, about 0.57% of their home's value, higher than the Utah rate of 0.52%. The median household earns $56,750 a year, so the median home costs 3.0 times the median income (5.1 times for Utah). 91% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Junction at a glance
| Junction | Utah | U.S. | |
|---|---|---|---|
| Median home value | $168,200 | $489,400 | $332,700 |
| Median property tax paid per year | $961 | $2,525 | $3,119 |
| Property tax as a share of value | 0.57% | 0.52% | 0.94% |
| Median household income | $56,750 | $95,166 | $80,734 |
| Homes lived in by their owners | 91% | 70% | 65% |
| Owner homes with a mortgage | 48% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $958 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 1969 | 1992 | 1980 |
| Vacant homes | 33.6% | 8.1% | 10.1% |
| Population | 298 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Junction
At this week's average 30-year rate of 7.11%, buying the median Junction home of $168,200 with 20% down costs about $1,055 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,335, 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 $45,222 for the 20%-down payment. That payment is 22% of the median Junction household income of $56,750; at that income and 20% down, the 28% guideline points to a home of about $211,000.
| Down payment | $33,640 |
|---|---|
| Loan amount | $134,560 |
| Principal and interest | $905 |
| Property taxes (0.57% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,055 |
Change the numbers in the calculator
| Down payment | $5,887 |
|---|---|
| Loan amount | $165,153 |
| Principal and interest | $1,111 |
| Property taxes (0.57% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,335 |
Change the numbers in the calculator
Questions about home buying in Junction
What is the median home value in Junction?
About $168,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Junction?
Homeowners pay a median $961 a year, which is about 0.57% 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 Junction?
For the median home with 20% down at 7.11%, the payment is about $1,055 a month. Keeping that under 28% of gross income takes about $45,222 a year.
More about Junction
- Mortgage Refinance in Junction
- Debt Relief in Junction
- Home Equity Loans in Junction
- 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