New report ranks Utah as one of the least affordable places to buy a home in the U.S.

SALT LAKE CITY– Utah is one of the least affordable places to buy a home in the entire country thanks to surging prices according to a new report.

According to BestBrokers.com Utah doesn’t have the most expensive home prices in the nation, but when compared to the average Utahn’s income, the Beehive State is one of the hardest places to afford a home.

As of the end of last year, Utah’s median home price was more than $533,000. The state’s individual income per capita was just above $63,000. That comparison makes Utah the third-least affordable state to buy a home in the nation, behind only Hawaii and California.

The top 10 least affordable states for home-buying, which include nine western states, are:

1. Hawaii
2. California
3. Utah
4. Idaho
5. Montana
6. Oregon
7. Washington
8. Colorado
9. Arizona
10. Rhode Island

One region also dominated the most affordable states to buy a home. According to the report, if you want to afford a home, the best place to go is the midwest.

Nine midwestern states landed in the top ten most affordable places to buy a home in the U.S. Those states are:

1. North Dakota
2. Iowa
3. Illinois
4. Ohio
5. Pennsylvania
6. Michigan
7. Missouri
8. Kansas
9. Oklahoma
10. Indiana

Related:

• Expert weighs in on home prices in Utah
• Utah homeowners hit with high property taxes as home prices soar
• ‘Something has to give’: Utah housing prices are still too high

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