The typical owner-occupied home in Hanksville is worth about $95,100, 81% below the Utah median of $489,400 and 71% below the national median of $332,700. Owners pay a median $527 a year in property taxes, about 0.55% of their home's value, higher than the Utah rate of 0.52%. The median household earns $38,274 a year, so the median home costs 2.5 times the median income (5.1 times for Utah). 59% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Hanksville at a glance
| Hanksville | Utah | U.S. | |
|---|---|---|---|
| Median home value | $95,100 | $489,400 | $332,700 |
| Median property tax paid per year | $527 | $2,525 | $3,119 |
| Property tax as a share of value | 0.55% | 0.52% | 0.94% |
| Median household income | $38,274 | $95,166 | $80,734 |
| Homes lived in by their owners | 59% | 70% | 65% |
| Owner homes with a mortgage | 11% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,375 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 10.0% | 20.5% | 21.0% |
| Median rent | $1,005 | $1,496 | $1,413 |
| Rent as a share of renters' income | 19.9% | 28.9% | 30.6% |
| Median year homes were built | 1995 | 1992 | 1980 |
| Vacant homes | 12.8% | 8.1% | 10.1% |
| Population | 215 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Hanksville
At this week's average 30-year rate of 7.11%, buying the median Hanksville home of $95,100 with 20% down costs about $595 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $753, 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 $25,500 for the 20%-down payment. That payment is 19% of the median Hanksville household income of $38,274; at that income and 20% down, the 28% guideline points to a home of about $143,000.
The median rent here is $1,005 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,020 |
|---|---|
| Loan amount | $76,080 |
| Principal and interest | $512 |
| Property taxes (0.55% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $595 |
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| Down payment | $3,328 |
|---|---|
| Loan amount | $93,378 |
| Principal and interest | $628 |
| Property taxes (0.55% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $753 |
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Questions about home buying in Hanksville
What is the median home value in Hanksville?
About $95,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hanksville?
Homeowners pay a median $527 a year, which is about 0.55% 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 Hanksville?
For the median home with 20% down at 7.11%, the payment is about $595 a month. Keeping that under 28% of gross income takes about $25,500 a year.
More about Hanksville
- Mortgage Refinance in Hanksville
- Debt Relief in Hanksville
- Home Equity Loans in Hanksville
- 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