Market Overview
Home Prices in Elmo, UT
The median home value in Elmo, UT is $347,122 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 12.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmo are priced15% below average.
Price History
Elmo Home Price Trend
2024
$285,466
$285K
—
2025
$320,858
$321K
+12.4%
2026
$347,122
$347K
+8.2%
City Comparison
Elmo vs. National Median
🏠 Elmo
$347,122
National Median
$410,000
At $347,122, homes in Elmo cost 15% below the national median of $410,000. This makes Elmo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elmo?
20% Down Payment
$69,424
on $347,122
Monthly P&I
$1,810/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,299/mo
incl. taxes & insurance
Income Needed
$91,960
gross annual (30% rule)
10% Down Option
$34,712
+ PMI applies
Loan Amount (20% dn)
$277,698
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elmo, UT?
The median home value in Elmo is $347,122 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Elmo?
Over the past year, home values in Elmo have increased by 8.2%.
How much do I need to earn to buy a home in Elmo?
To comfortably afford the median home price of $347,122 with a 20% down payment ($69,424) at today's rates (6.8%), you'd need a gross annual income of approximately $91,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmo compare to the national average home price?
The national median home value is approximately $410,000. At $347,122, homes in Elmo are 15% below the national average.