Market Overview
Home Prices in Magna, UT
The median home value in Magna, UT is $445,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Magna are priced9% above average. Magna is part of the Salt Lake City, UT metro area.
Over the past five years, Magna home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Magna Home Price Trend
City Comparison
Magna vs. National Median
At $445,265, homes in Magna cost 9% above the national median of $410,000. Buyers in Magna should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Magna?
20% Down Payment
$89,053
on $445,265
Monthly P&I
$2,322/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,949/mo
incl. taxes & insurance
Income Needed
$117,960
gross annual (30% rule)
10% Down Option
$44,527
+ PMI applies
Loan Amount (20% dn)
$356,212
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 Magna, UT?
The median home value in Magna is $445,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Magna?
Over the past year, home values in Magna have increased by 1.1%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Magna?
To comfortably afford the median home price of $445,265 with a 20% down payment ($89,053) at today's rates (6.8%), you'd need a gross annual income of approximately $117,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Magna compare to the national average home price?
The national median home value is approximately $410,000. At $445,265, homes in Magna are 9% above the national average.
What metro area is Magna part of?
Magna is part of the Salt Lake City, UT metropolitan area. Home prices and market conditions can vary across the broader metro region.