The typical owner-occupied home in Koosharem is worth about $515,600, 5% above the Utah median of $489,400 and 55% above the national median of $332,700. The median household earns $77,500 a year, so the median home costs 6.7 times the median income (5.1 times for Utah). 75% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Koosharem at a glance
| Koosharem | Utah | U.S. | |
|---|---|---|---|
| Median home value | $515,600 | $489,400 | $332,700 |
| Median property tax paid per year | – | $2,525 | $3,119 |
| Median household income | $77,500 | $95,166 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 51% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,719 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 27.8% | 20.5% | 21.0% |
| Median rent | $681 | $1,496 | $1,413 |
| Rent as a share of renters' income | 14.6% | 28.9% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 61.4% | 8.1% | 10.1% |
| Population | 298 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Koosharem
At this week's average 30-year rate of 7.11%, buying the median Koosharem home of $515,600 with 20% down costs about $3,462 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,321, 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 $148,382 for the 20%-down payment. That payment is 54% of the median Koosharem household income of $77,500; at that income and 20% down, the 28% guideline points to a home of about $269,000.
The median rent here is $681 a month, so owning the median home costs about $2,781 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,120 |
|---|---|
| Loan amount | $412,480 |
| Principal and interest | $2,775 |
| Property taxes (1.10% a year) | $473 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| PMI | $0 |
| Total per month | $3,462 |
Change the numbers in the calculator
| Down payment | $18,046 |
|---|---|
| Loan amount | $506,261 |
| Principal and interest | $3,406 |
| Property taxes (1.10% a year) | $473 |
| Homeowners insurance (our estimate, 0.5% a year) | $215 |
| FHA mortgage insurance | $228 |
| Total per month | $4,321 |
Change the numbers in the calculator
Questions about home buying in Koosharem
What is the median home value in Koosharem?
About $515,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Koosharem?
For the median home with 20% down at 7.11%, the payment is about $3,462 a month. Keeping that under 28% of gross income takes about $148,382 a year.
More about Koosharem
- Mortgage Refinance in Koosharem
- Debt Relief in Koosharem
- Home Equity Loans in Koosharem
- 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