The typical owner-occupied home in Veyo is worth about $440,900, 10% below the Utah median of $489,400 and 33% above the national median of $332,700. Owners pay a median $2,298 a year in property taxes, about 0.52% of their home's value, close to the Utah rate of 0.52%. The median household earns $68,182 a year, so the median home costs 6.5 times the median income (5.1 times for Utah). 100% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Veyo at a glance
| Veyo | Utah | U.S. | |
|---|---|---|---|
| Median home value | $440,900 | $489,400 | $332,700 |
| Median property tax paid per year | $2,298 | $2,525 | $3,119 |
| Property tax as a share of value | 0.52% | 0.52% | 0.94% |
| Median household income | $68,182 | $95,166 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 32% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $3,148 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 1985 | 1992 | 1980 |
| Vacant homes | 26.3% | 8.1% | 10.1% |
| Population | 355 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Veyo
At this week's average 30-year rate of 7.11%, buying the median Veyo home of $440,900 with 20% down costs about $2,748 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,482, 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 $117,752 for the 20%-down payment. That payment is 48% of the median Veyo household income of $68,182; at that income and 20% down, the 28% guideline points to a home of about $255,000.
| Down payment | $88,180 |
|---|---|
| Loan amount | $352,720 |
| Principal and interest | $2,373 |
| Property taxes (0.52% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| PMI | $0 |
| Total per month | $2,748 |
Change the numbers in the calculator
| Down payment | $15,432 |
|---|---|
| Loan amount | $432,914 |
| Principal and interest | $2,912 |
| Property taxes (0.52% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| FHA mortgage insurance | $195 |
| Total per month | $3,482 |
Change the numbers in the calculator
Questions about home buying in Veyo
What is the median home value in Veyo?
About $440,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Veyo?
Homeowners pay a median $2,298 a year, which is about 0.52% 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 Veyo?
For the median home with 20% down at 7.11%, the payment is about $2,748 a month. Keeping that under 28% of gross income takes about $117,752 a year.
More about Veyo
- Mortgage Refinance in Veyo
- Debt Relief in Veyo
- Home Equity Loans in Veyo
- 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