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Magna metro township

Learn about the people, housing, costs and businesses in Magna metro township, Utah

Median Home$376,227
Median Rent$1,637/month
Population30,142
Leading IndustriesPublic Administration · Finance & Insurance · Information & Media30% public administration
Home Value Growth+6.1% over 2 years
Young Adults38% of residentstop 4% nationally
Homeowners79% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Magna metro township
UT

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Magna metro township?

As of today, the 30-year fixed mortgage rate for Magna metro township is approximately 6.940% (6.978% 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 Magna metro township?

The median home value in Magna metro township is $376k. The median monthly rent is $1,637. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Magna metro township?

Home values in Magna metro township have increased 6.1% over the past two years. This represents moderate growth. 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 Magna metro township?

Based on a typical all-in ownership cost of $1,553/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Magna metro township is $88k/year.

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What industries drive the economy in Magna metro township?

The largest employment sectors in Magna metro township are public administration (30%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.