The typical owner-occupied home in Randolph is worth about $204,400, 58% below the Utah median of $489,400 and 39% below the national median of $332,700. Owners pay a median $754 a year in property taxes, about 0.37% of their home's value, lower than the Utah rate of 0.52%. The median household earns $87,632 a year, so the median home costs 2.3 times the median income (5.1 times for Utah). 82% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Randolph at a glance
| Randolph | Utah | U.S. | |
|---|---|---|---|
| Median home value | $204,400 | $489,400 | $332,700 |
| Median property tax paid per year | $754 | $2,525 | $3,119 |
| Property tax as a share of value | 0.37% | 0.52% | 0.94% |
| Median household income | $87,632 | $95,166 | $80,734 |
| Homes lived in by their owners | 82% | 70% | 65% |
| Owner homes with a mortgage | 53% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,074 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 20.5% | 21.0% |
| Median rent | $683 | $1,496 | $1,413 |
| Rent as a share of renters' income | 9.0% | 28.9% | 30.6% |
| Median year homes were built | 1968 | 1992 | 1980 |
| Vacant homes | 14.9% | 8.1% | 10.1% |
| Population | 722 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Randolph
At this week's average 30-year rate of 7.11%, buying the median Randolph home of $204,400 with 20% down costs about $1,248 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,589, 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 $53,494 for the 20%-down payment. That payment is 17% of the median Randolph household income of $87,632; at that income and 20% down, the 28% guideline points to a home of about $335,000.
The median rent here is $683 a month, so owning the median home costs about $565 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,880 |
|---|---|
| Loan amount | $163,520 |
| Principal and interest | $1,100 |
| Property taxes (0.37% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| PMI | $0 |
| Total per month | $1,248 |
Change the numbers in the calculator
| Down payment | $7,154 |
|---|---|
| Loan amount | $200,698 |
| Principal and interest | $1,350 |
| Property taxes (0.37% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| FHA mortgage insurance | $90 |
| Total per month | $1,589 |
Change the numbers in the calculator
Questions about home buying in Randolph
What is the median home value in Randolph?
About $204,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Randolph?
Homeowners pay a median $754 a year, which is about 0.37% 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 Randolph?
For the median home with 20% down at 7.11%, the payment is about $1,248 a month. Keeping that under 28% of gross income takes about $53,494 a year.
More about Randolph
- Mortgage Refinance in Randolph
- Debt Relief in Randolph
- Home Equity Loans in Randolph
- 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