The typical owner-occupied home in Roy is worth about $383,000, 22% below the Utah median of $489,400 and 15% above the national median of $332,700. Owners pay a median $2,291 a year in property taxes, about 0.60% of their home's value, higher than the Utah rate of 0.52%. The median household earns $91,282 a year, so the median home costs 4.2 times the median income (5.1 times for Utah). 84% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Roy at a glance
| Roy | Utah | U.S. | |
|---|---|---|---|
| Median home value | $383,000 | $489,400 | $332,700 |
| Median property tax paid per year | $2,291 | $2,525 | $3,119 |
| Property tax as a share of value | 0.60% | 0.52% | 0.94% |
| Median household income | $91,282 | $95,166 | $80,734 |
| Homes lived in by their owners | 84% | 70% | 65% |
| Owner homes with a mortgage | 74% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,728 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 20.5% | 21.0% |
| Median rent | $1,624 | $1,496 | $1,413 |
| Rent as a share of renters' income | 29.5% | 28.9% | 30.6% |
| Median year homes were built | 1986 | 1992 | 1980 |
| Vacant homes | 3.7% | 8.1% | 10.1% |
| Population | 38,993 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Roy
At this week's average 30-year rate of 7.11%, buying the median Roy home of $383,000 with 20% down costs about $2,412 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,050, 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 $103,382 for the 20%-down payment. That payment is 32% of the median Roy household income of $91,282; at that income and 20% down, the 28% guideline points to a home of about $338,000.
The median rent here is $1,624 a month, so owning the median home costs about $788 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $76,600 |
|---|---|
| Loan amount | $306,400 |
| Principal and interest | $2,061 |
| Property taxes (0.60% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $2,412 |
Change the numbers in the calculator
| Down payment | $13,405 |
|---|---|
| Loan amount | $376,063 |
| Principal and interest | $2,530 |
| Property taxes (0.60% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $169 |
| Total per month | $3,050 |
Change the numbers in the calculator
Questions about home buying in Roy
What is the median home value in Roy?
About $383,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Roy?
Homeowners pay a median $2,291 a year, which is about 0.60% 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 Roy?
For the median home with 20% down at 7.11%, the payment is about $2,412 a month. Keeping that under 28% of gross income takes about $103,382 a year.
More about Roy
- Mortgage Refinance in Roy
- Debt Relief in Roy
- Home Equity Loans in Roy
- 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