Calculate using real West Valley City data. Median home price: $390,000. Property tax rate: 0.6%.
With the median household income of $63,425 in West Valley City, UT, following the 28% rule, you could afford a monthly payment of about $1,480.
The cost of living index in West Valley City, UT is 98 (national average = 100). A home at the median price of $390,000 would require roughly 6.1x the median income.
A conventional 20% down payment on the median West Valley City, UT home ($390,000) would be $78,000. FHA loans may require as little as 3.5% ($13,650).