Heber City, UT—84032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Heber City, UT
As of Oct '25, the median home price in Heber City, UT is $830,000, with a year-over-year change of -0.6%. This indicates that home prices in Heber City, UT are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $830,000 | -0.6% |
| Single Family | $841,000 | -0.6% |
| Condos | $755,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $614,000 | 0.5% |
3 Bed | $743,000 | -1.2% |
4 Bed | $1,087,000 | -2.0% |
| 5 Bed | $1,182,000 | 0.5% |
% of Housing Stock
Rental Trends — Heber City, UT
As of July '25, Rentcast reports the average rent in Heber City, UT is $2,980, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Heber City, UT is studios: $1,850, 1-bedrooms: $1,580, 2-bedrooms: $2,260, 3-bedrooms: $2,440, 4-bedrooms: $4,690. The most common rental property sizes in Heber City, UT are 3-bedroom and 4-bedroom, accounting for 32.8% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,660 | $2,980 |
| Studio Rent | $1,850 | $1,850 |
| 1 Bed Rent | $1,640 | $1,580 |
| 2 Bed Rent | $2,300 | $2,260 |
| 3 Bed Rent | $2,400 | $2,440 |
| 4 Bed Rent | $4,000 | $4,690 |
% of Rental Stock
Property Listings — Heber City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Heber City, UT is 95. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | 3.0% |
Listing Count | 684 | 4.0% |
| Listings as % of Homes | 4.5% | 4.0% |
Days on Market | 95 | 11.0% |
Demographics — Heber City, UT
As of the latest ACS Survey released in 2023, Heber City, UT has a population of 25,300, which has increased by 12.7% over the past 5 years. Heber City, UT is a popular place for families, as children make up 31.4% of the population. The area has a moderately educated workforce, with 42.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,300 | 12.7% |
% Under 18 | 31.4% | -6.0% |
% Seniors | 11.0% | 23.6% |
% WFH | 14.4% | 227.3% |
% w/ College Degree | 42.8% | 15.4% |
As of the latest ACS Survey released in 2023, Heber City, UT is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Heber City, UT is hispanic, making up 16.1% of the population. Foreign-born residents account for 8.9% of the population in Heber City, UT, and this percentage has increased by 14.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.1% | -5.3% |
% Black | 0.1% | -66.7% |
% Hispanic | 16.1% | 22.9% |
% Asian | 1.7% | 13.3% |
% Foreign Born | 8.9% | 14.1% |
Mortgage and Risk — Heber City, UT
According to HUD data as of 2023, there were 609 mortgage originations in Heber City, UT, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Heber City, UT. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 609 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Heber City, UT
Heber City, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$410 | $1,640 | $1,230 |
| 2 Bedroom | -$940 | $2,300 | $1,360 |
| 3 Bedroom | -$490 | $2,400 | $1,910 |
| 4 Bedroom | -$1,720 | $4,000 | $2,280 |
Affordability — Heber City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $830,000 |
| Median Household Income | $101,000 |