Magna, Utah.
Typical home $435,870 (-0.4% in a year), asking rent $1,602 . Salt Lake City, UT metro.
to buy the typical home at today's mortgage rate — +$1,303 (+132%) since Jan 2020.
- 1 year
- Down $1,907 -0%
- $437,777$435,870 since Sep 2025
- 5 years
- Up $67,884 +18%
- $367,987$435,870 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Magna$2,288
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Magna, UT fell 0.4% over the past year — slower than the nation's +1.2%.
Owning the typical home in Magna runs $1,348/mo more than renting one — the widest that gap has been in this data.
That is $2,950 a month against $1,602 rent: a $2,288 mortgage payment, plus $196 property tax and $467 insurance & upkeep.
Owning vs renting — Magna
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,950
- Renting$1,602
- Mortgage only$2,288
Property tax · $196/mo 0.54% of value a year — the ACS 2020-2024 median bill over the median home value for Salt Lake County, UT
Insurance & upkeep · $467/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Magna, Salt Lake County, Utah
Magna is a township of 29,251 people in Salt Lake County. Half its households earn more than $90,346 a year and half less, against $97,494 across Salt Lake County; 11% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Magna was 4.2% in August 2026, and Salt Lake County had 1.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 26 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Magna is a township in Salt Lake County, and it is a place where most households own the home they live in. The population is younger than in many American towns, and incomes sit a little below the county's. Few adults hold a four-year degree, and fewer people work from home than in many places. Winters are cold, with a fair amount of snow, and summers are hot and fairly dry.
Work. Many residents work in schools, hospitals and social care, in the building trades, in manufacturing, and in transport, warehouses and utilities. Among the largest workplaces in Magna are Morgan Asphalt, Fastenal Company and Smiths Food And Drug. Unemployment is close to where it stood a year ago, and across Salt Lake County there are slightly more jobs than there were the year before.
Things to do. Great Salt Lake State Park, a protected area, lies in or beside town. A longer drive away are Antelope Island State Park, another protected area, and Hogle Zoo. The Natural History Museum of Utah is also a longer drive away.
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- 9,131households
- 13%of adults have a degree
- 11%below the poverty line
- 24 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Salt Lake County had 808,479 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 25°; warmest in July, with highs near 91° and lows near 71°. About 23 inches of snow and 18 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Garfield weather station, 3 miles away (NOAA).
Largest workplaces in Magna
- Morgan AsphaltAsphalt paving219
- Fastenal CompanyIndustrial supplies merchant wholesalers151
- Smiths Food And DrugSupermarkets and other grocery except convenience stores110
- WalmartSupermarkets and other grocery stores103
- UFP MagnaPacking crates, wood, manufacturing55
- Tres EnterprisesGrocery stores50
- S&S Electric SolutionsLow voltage electrical work30
- MagnaMail and parcel delivery20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 738 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- AvalanchesVery high
- Winter weatherRelatively high
- Wildfirerelatively high in parts of MagnaRelatively moderate
- Earthquakesrelatively high in parts of MagnaRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Magna’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Salt Lake County and the Salt Lake City, UT metro.
Magna home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Magna$435,870
- Utah$532,920
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Magna listings, and the typical home goes pending in 19 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Magna35.03%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Magna19
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Magna118
New listings per month
Sellers arriving at the market.
- Magna38
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Magna$445,475
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Magna100.45%
Zip codes with a Magna address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Magna — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.