The typical owner-occupied home in Enterprise is worth about $378,300, 23% below the Utah median of $489,400 and 14% above the national median of $332,700. Owners pay a median $1,611 a year in property taxes, about 0.43% of their home's value, lower than the Utah rate of 0.52%. The median household earns $91,250 a year, so the median home costs 4.1 times the median income (5.1 times for Utah). 88% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Enterprise at a glance
| Enterprise | Utah | U.S. | |
|---|---|---|---|
| Median home value | $378,300 | $489,400 | $332,700 |
| Median property tax paid per year | $1,611 | $2,525 | $3,119 |
| Property tax as a share of value | 0.43% | 0.52% | 0.94% |
| Median household income | $91,250 | $95,166 | $80,734 |
| Homes lived in by their owners | 88% | 70% | 65% |
| Owner homes with a mortgage | 66% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,771 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 20.5% | 21.0% |
| Median rent | $1,309 | $1,496 | $1,413 |
| Rent as a share of renters' income | 21.1% | 28.9% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 11.2% | 8.1% | 10.1% |
| Population | 1,955 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Enterprise
At this week's average 30-year rate of 7.11%, buying the median Enterprise home of $378,300 with 20% down costs about $2,329 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,959, 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 $99,817 for the 20%-down payment. That payment is 31% of the median Enterprise household income of $91,250; at that income and 20% down, the 28% guideline points to a home of about $346,000.
The median rent here is $1,309 a month, so owning the median home costs about $1,020 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,660 |
|---|---|
| Loan amount | $302,640 |
| Principal and interest | $2,036 |
| Property taxes (0.43% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,329 |
Change the numbers in the calculator
| Down payment | $13,240 |
|---|---|
| Loan amount | $371,448 |
| Principal and interest | $2,499 |
| Property taxes (0.43% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $167 |
| Total per month | $2,959 |
Change the numbers in the calculator
Questions about home buying in Enterprise
What is the median home value in Enterprise?
About $378,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Enterprise?
Homeowners pay a median $1,611 a year, which is about 0.43% 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 Enterprise?
For the median home with 20% down at 7.11%, the payment is about $2,329 a month. Keeping that under 28% of gross income takes about $99,817 a year.
More about Enterprise
- Mortgage Refinance in Enterprise
- Debt Relief in Enterprise
- Home Equity Loans in Enterprise
- 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