The Most Affordable Neighborhoods in Washington Terrace, UT by Home Value

 

Washington Terrace, UT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Washington Terrace area can be challenging. Home prices in Washington Terrace are now at a median cost of $344,392, lower than the Utah average of $525,914.

The average cost of rent is $1,399/mo in Washington Terrace, primarily driven by the current value of real estate in the Washington Terrace area. In Washington Terrace, 29.46% of households rent, and 34.10% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Washington Terrace is $6,414 per month. Households that rent pay about 21.81% of their income on rent here. Washington Terrace’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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