Roy, UT—84067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roy, UT
As of Oct '25, the median home price in Roy, UT is $428,000, with a year-over-year change of 1.6%. This indicates that home prices in Roy, UT are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $428,000 | 1.6% |
| Single Family | $431,000 | 1.7% |
| Condos | $276,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $340,000 | 1.5% |
3 Bed | $415,000 | 1.7% |
4 Bed | $435,000 | 1.9% |
| 5 Bed | $476,000 | 2.1% |
% of Housing Stock
Rental Trends — Roy, UT
As of July '25, Rentcast reports the average rent in Roy, UT is $1,810, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Roy, UT is studios: $745, 1-bedrooms: $1,290, 2-bedrooms: $1,280, 3-bedrooms: $2,100, 4-bedrooms: $2,480. The most common rental property sizes in Roy, UT are 3-bedroom and 2-bedroom, accounting for 31.1% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,810 |
| Studio Rent | $745 | $745 |
| 1 Bed Rent | $1,500 | $1,290 |
| 2 Bed Rent | $1,240 | $1,280 |
| 3 Bed Rent | $2,200 | $2,100 |
| 4 Bed Rent | $2,440 | $2,480 |
% of Rental Stock
Property Listings — Roy, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Roy, UT is 56. This is a increase of 6.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $438,000 | 1.0% |
Listing Count | 148 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 56 | 6.0% |
Demographics — Roy, UT
As of the latest ACS Survey released in 2023, Roy, UT has a population of 38,800, which has remained stable by -0.7% over the past 5 years. Roy, UT is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,800 | -0.7% |
% Under 18 | 27.4% | -12.7% |
% Seniors | 11.4% | 18.8% |
% WFH | 15.0% | 257.1% |
% w/ College Degree | 23.1% | 19.7% |
As of the latest ACS Survey released in 2023, Roy, UT is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Roy, UT is hispanic, making up 19.4% of the population. Foreign-born residents account for 6.1% of the population in Roy, UT, and this percentage has increased by 3.4% 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 | 73.5% | -3.0% |
% Black | 0.8% | -20.0% |
% Hispanic | 19.4% | 19.8% |
% Asian | 1.7% | -26.1% |
% Foreign Born | 6.1% | 3.4% |
Mortgage and Risk — Roy, UT
According to HUD data as of 2023, there were 1131 mortgage originations in Roy, UT, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Roy, UT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,131 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Roy, UT
As of 2024, the percent of homes in Roy, UT under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Roy, UT, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 85 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,500 | $1,270 |
| 2 Bedroom | $330 | $1,240 | $1,570 |
| 3 Bedroom | -$90 | $2,200 | $2,110 |
| 4 Bedroom | $110 | $2,440 | $2,550 |
Affordability — Roy, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $428,000 |
| Median Household Income | $90,900 |