In Magna, a typical home is worth $376,200 and typical rent is $1,625 a month. Compared with all of Salt Lake County, the typical home value is 28% lower, typical household income is 7% lower, and the share of households that own their home is 13 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $367,987 to $435,870.
Typical rent
$1,602a month
Typical rent from Zillow, December 2025 to September 2026: from $1,563 to $1,602.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Magna is in Salt Lake County. The FHA loan limit ($637,100 for a one-unit home), the fair market rents and the help on this page are those of all of Salt Lake County. See the county
What this place has that others do not, from public data, most unusual first.
1
Magna has the 3rd largest share of rent-burdened renters of the 75 cities in Utah with more than 5,000 people (61%).
2
The typical home in Magna is worth $376,200,28% less than in Salt Lake County as a whole ($525,700).
3
79% of households in Magna own their home, against 66% in Salt Lake County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Magna
What homes there are in Magna, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Magna
Salt Lake County
Utah
United States
Kind of home: Magna and its comparisons
Measure
Magna
Salt Lake County
Utah
United States
Detached house
75%
60%
67%
61%
Attached house
8%
9%
8%
6%
Building of 2 to 4
6%
6%
7%
8%
Apartments (5 or more)
9%
23%
16%
19%
Mobile home
3%
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 75% of homes here, against 60% in Salt Lake County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Magna
Salt Lake County
Utah
United States
Year built: Magna and its comparisons
Measure
Magna
Salt Lake County
Utah
United States
Before 1960
19%
18%
15%
26%
1960–1979
26%
25%
20%
24%
1980–1999
27%
25%
26%
25%
2000–2009
14%
14%
18%
14%
2010 or later
14%
18%
21%
11%
In Magna, half of the homes were built before 1985; in Salt Lake County, before 1986.
There is more room for a big family here: 78% of homes have 3 bedrooms or more, against 65% in Salt Lake County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K5%
$100K–$200K6%
$200K–$300K13%
$300K–$500K59%
$500K–$750K13%
FHA limit: $637,100
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Magna and its comparisons
Measure
Magna
Under $100K
5%
$100K–$200K
6%
$200K–$300K
13%
$300K–$500K
59%
$500K–$750K
13%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
About 89% of owner-occupied homes in Magna are worth less than the FHA loan limit for Salt Lake County ($637,100).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49931%
$1,500–$1,99925%
$2,000–$2,49930%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Magna and its comparisons
Measure
Magna
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
31%
$1,500–$1,999
25%
$2,000–$2,499
30%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,832 a month
Salt Lake County: $2,124 a month
Without a mortgage
$503 a month
Salt Lake County: $609 a month
Owners with a mortgage
75%
Salt Lake County: 70%
The typical cost for an owner with a mortgage in Magna is $1,832 a month, less than in Salt Lake County ($2,124); without one, $503.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Magna+84%
Salt Lake County+72%
Utah+75%
United States+53%
Typical rent
Magna+45%
Salt Lake County+42%
Utah+44%
United States+33%
Typical household income
Magna+43%
Salt Lake County+30%
Utah+33%
United States+29%
Change since 2015–2019: Magna and its comparisons
Measure
Magna
Salt Lake County
Utah
United States
Typical home value
+84%
+72%
+75%
+53%
Typical rent
+45%
+42%
+44%
+33%
Typical household income
+43%
+30%
+33%
+29%
The typical home value in Magna rose 84% since 2015–2019, more than in Salt Lake County (72%).
The typical rent in Magna rose 45% since 2015–2019, about the same as in Salt Lake County (42%).
The typical household income in Magna rose 43% over that time; home values changed +84% and rent +45%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Magna and its comparisons
Measure
Magna
Salt Lake County
Utah
United States
Rental vacancy
Unreliable estimate
5.5%
5.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.6%
0.9%
More than one person per room
4.4%
3.0%
3.1%
3.4%
People per household
3.29
2.77
2.97
2.53
Drive alone
73%
65%
67%
69%
Carpool
15%
10%
10%
9%
Public transit
Unreliable estimate
2%
2%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
10%
20%
18%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
Unreliable estimate
20 to 29 minutes
More than one person per room: that is how 4.4% of households in Magna live, more than in Salt Lake County (3.0%).
Households in Magna are bigger: 3.29 people on average; in Salt Lake County, 2.77.
In Magna, 15% of workers share a car to get to work; in Salt Lake County, 10%.
Do the math
What would you pay each month for a home in Magna?
A typical home costs more than the typical income allows
We start with a typical home in Magna, worth $376,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Magna, which is $90,346 a year. For that payment to be 28% of income, a household would need to earn about $130,094 a year.
The calculator's FHA and conventional loan limits are those of all of Salt Lake County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Magna. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,167 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,036
at 7.18% · 30 years
Loan amount
$369,386
Total interest
$531,460
Paid off in
November 2056
Includes $6,353 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,108 a month
Tight
$2,108 to $2,710 a month
Hard
more than $2,710 a month
Your payment · 40%
Compared with the typical household income in Magna ($90,346 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,502
Property tax
$210
Home insurance
$157
FHA mortgage insurance (MIP)
$166
You need at least $13,167 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,036; principal and interest $2,502.
The city and its county
Magna and Salt Lake County
Magna is in Salt Lake County, Utah. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Magna
Map of Salt Lake County, Utah, with Magna marked. Around it, the neighboring counties.
Magna
Salt Lake County
Other cities with a page
Magna's own numbers
Typical home value
$376,200
Typical monthly rent
$1,625
Typical yearly household income
$90,346
Households that own their home
79%
Effective property tax rate
0.67%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Salt Lake County
FHA limit, one-unit home
$637,100
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,615
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Salt Lake County.
A typical home in Magna is worth $376,200: 28% below the county and 23% below Utah. With the typical household income in Magna ($90,346 a year), a typical home costs 4.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Magna4.2 years
Salt Lake5.4 years
Utah5.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Salt Lake County
According to FHFA’s house price index, home prices in Salt Lake County rose 120% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Salt Lake County.
Yearly change in FHFA’s price index in Salt Lake County, 2016 to 2025
2016: +8.0% +8.0% 2016
2017: +9.2% +9.2% 2017
2018: +9.1% +9.1% 2018
2019: +7.3% +7.3% 2019
2020: +5.5% +5.5% 2020
2021: +18.0% +18.0% 2021
2022: +19.4% +19.4% 2022
2023: +0.5% +0.5% 2023
2024: +4.0% +4.0% 2024
2025: +2.6% +2.6% 2025
Change in FHFA’s price index in Salt Lake County, Utah and the United States
Period
County
Utah
U.S.
Last year (2025)
+2.6%
+2.4%
+2.9%
5 years (2020–2025)
+51%
+53%
+47%
10 years (2015–2025)
+120%
+121%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Magna next to Salt Lake County, Utah and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Magna$376,200
Salt Lake$525,700
Utah$489,400
United States$332,700
Typical monthly rent
Magna$1,625
Salt Lake$1,592
Utah$1,496
United States$1,413
Typical yearly household income
Magna$90,346
Salt Lake$97,494
Utah$95,166
United States$80,734
See the full table
Magna next to Salt Lake County and Utah
Measure
Magna
Salt Lake County
Utah
U.S.
Typical home value
$376,200 ▼28% below the county
$525,700
$489,400
$332,700
Typical monthly rent
$1,625 ▲2% above the county
$1,592
$1,496
$1,413
Typical yearly household income
$90,346 ▼7% below the county
$97,494
$95,166
$80,734
Households that own their home
79% ▲13 points above the county
66%
70%
65%
Typical yearly property tax
$2,512 ▼11% below the county
$2,836
$2,525
$3,119
Effective property tax rate
0.67% ▲0.13 points above the county
0.54%
0.52%
0.94%
Renters with high rent for their income
61% ▲12 points above the county
49%
47%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Salt Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Magna
For a typical $376,200 home in Magna, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Magna's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,036a month
Least cash to close
Down payment
$13,167
Cash to close
$24,453
Rate
7.18%
Mortgage insurance
FHA MIP · $166
Conventional, 5% down$2,967a month
Down payment
$18,810
Cash to close
$30,096
Rate
7.18%
Mortgage insurance
PMI · $179
Conventional, 20% down, no PMI$2,406a month
Down payment
$75,240
Cash to close
$86,526
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,753a month
Down payment
$56,430
Cash to close
$67,716
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Magna
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,036
$13,167
$369,386
7.18%
FHA MIP · $166
$24,453
580
Conventional, 5% down
$2,967
$18,810
$357,390
7.18%
PMI · $179
$30,096
620*
Conventional, 20% down, no PMI
$2,406
$75,240
$300,960
7.18%
None
$86,526
620*
ITIN, 15% down (example)
$2,753
$56,430
$319,770
8.18%
None
$67,716
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Magna is $1,625 a month: 2% above the county. In Magna, 61% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Salt Lake County, by unit size. To pay the 2-bedroom one ($1,615 a month) without spending more than 30% of your income, you would need to earn $31.06 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Salt Lake County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,202
$23.12
$48,080
1 bedroom
$1,349
$25.94
$53,960
2 bedrooms
$1,615
$31.06
$64,600
3 bedrooms
$2,143
$41.21
$85,720
4 bedrooms
$2,439
$46.90
$97,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Magna
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Magna is in ZIP code 84044.
For 2 bedrooms it is $1,700: $85 more than the fair market rent for Salt Lake County ($1,615).
Fair market rent by ZIP code and size in Magna, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
84044
$1,270
$1,420
$1,700
$2,260
$2,570
ZIP code2 bd3 bd
84044 $1,700$2,260
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Magna when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Salt Lake County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Magna or Salt Lake County. The ones below are statewide in Utah: they work in Magna the same as in the rest of the state.
Utah state agency second mortgage for the down payment or closing costs alongside its first mortgage: up to 6% of the loan with monthly payments, or up to 3.5% at 3.5% with deferred interest and no payments; capped at $27,500.Offered by Utah Housing Corporation (UHC).
Utah state loan, run by Utah Housing, of up to $20,000 with no interest or monthly payments for the down payment, closing costs or a lower rate; only for first-time buyers of a newly built home with a Utah Housing mortgage.Offered by Utah Housing Corporation (UHC).
No legal help resource on our list is for Magna or Salt Lake County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Magna and all of Salt Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Magna?
The typical home value in Magna is $376,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Salt Lake County it is $525,700.
How much does it cost to rent in Magna?
Typical rent in Magna is $1,625 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Salt Lake County is $1,615.
What is the FHA loan limit in Magna?
Magna uses the FHA limit for all of Salt Lake County (2026): $637,100 for a one-unit home and $1,225,200 for a four-unit home.
How much property tax do owners pay in Magna?
The typical homeowner in Magna pays $2,512 a year, according to the U.S. Census Bureau. That is 0.67% of the home’s value; in Salt Lake County, the rate is 0.54%.
Where can I find free help to buy or rent in Magna?
There are 2 HUD-approved counseling agencies with an office in Salt Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
