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Benjamin

Learn about the people, housing, costs and businesses in Benjamin, Utah

Median Home$489,486
Median Rent$1,599/month
Population1,186
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality7% finance & insurance
Home Value Growth⬆⬆⬆+39.8% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners59% of occupied units
NotableTransit83/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Benjamin
UT

Frequently Asked Questions

What are today's mortgage rates in Benjamin?

As of today, the 30-year fixed mortgage rate for Benjamin is approximately 6.906% (6.942% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Benjamin?

The median home value in Benjamin is $489k. The median monthly rent is $1,599. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Benjamin?

Home values in Benjamin have increased 39.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Benjamin?

Based on a typical all-in ownership cost of $1,480/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Benjamin is $79k/year.

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What industries drive the economy in Benjamin?

The largest employment sectors in Benjamin are public administration (22%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.