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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Nephi, UT Housing Affordability Index

Nephi, Utah has an MBR Housing Affordability Index score of 109.2 (Near National Average) as of October 30, 2026, ranking 84th most affordable of 253 scored Utah cities, compared with 90.8 statewide and 97.4 nationally. On a median-priced $416,000 home with 20% down, the Utah average 30-year fixed rate of 7.16% means a monthly principal and interest payment of about $2,251, or 25% of the city’s $106,108 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Nephi is updated every night from live Utah mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Nephi MBR-HAI 109.2 Near National Average
Rank in Utah 84 of 253 1 = most affordable
Utah 90.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.16% Utah lenders
Median home value $416,000 U.S. Census Bureau

Nephi is 18.5 points above the Utah score. Scores as of October 30, 2026. See the Utah index

View Nephi Mortgage Rates

See What You Can Afford in Nephi, Utah

Use this Nephi, Utah home affordability calculator to see how much house you can afford at today’s Utah average 30-year mortgage rate of 7.16%. A household earning the Nephi median income of $106,108, with no other debts and $83,000 down, can afford a home of about $401,149, compared with a median home value of $416,000. Buying the median priced home with 20% down takes a household income of about $110,900 once property tax and insurance are counted.

Nephi median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Utah average, 30-year fixed
Nephi median bill (Census)
Estimate; use your quote
You can afford a home up to
$401,149
Below the Nephi median home value of $416,000
Loan amount$318,149
Principal & interest$2,152/mo
Property tax$157/mo
Home insurance$167/mo
PMI$0/mo
Total monthly payment$2,476/mo
Compare Nephi Mortgage Rates

How much house can you afford in Nephi?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Nephi, property taxes run about 0.47% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $6,979 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Nephi

$2,251/mo
Principal & Interest
Median home, 20% down, 7.16%
$96,500
Income Needed
To keep principal and interest at 28% of income
$106,108
Median Household Income
Utah: $95,166
3.9x
Price-to-Income Ratio
Utah: 5.1x
$1,392/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,955/yr
Median Property Tax
0.47% of median value
25.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
27.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Nephi, Utah. The rate is the Utah average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Nephi Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Nephi, Utah score: 109.2 (Near National Average), ranked 84 of 253 Utah cities. monitorbankrates.com/housing-affordability-index/utah/nephi”