Hyrum, UT—84319
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hyrum, UT
As of Oct '25, the median home price in Hyrum, UT is $441,000, with a year-over-year change of 3.3%. This indicates that home prices in Hyrum, UT are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 3.3% |
| Single Family | $441,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $401,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hyrum, UT
As of July '25, Rentcast reports the average rent in Hyrum, UT is $1,630, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Hyrum, UT is 1-bedrooms: $903, 2-bedrooms: $1,550, 3-bedrooms: $1,730, 4-bedrooms: $2,100. The most common rental property sizes in Hyrum, UT are 4-bedroom and 2-bedroom, accounting for 43.7% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $903 |
| 2 Bed Rent | $1,200 | $1,550 |
| 3 Bed Rent | $1,700 | $1,730 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Hyrum, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Hyrum, UT is 62. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $515,000 | 10.0% |
Listing Count | 55 | 13.0% |
| Listings as % of Homes | 1.6% | 13.0% |
Days on Market | 62 | -16.0% |
Demographics — Hyrum, UT
As of the latest ACS Survey released in 2023, Hyrum, UT has a population of 10,500, which has increased by 27.4% over the past 5 years. Hyrum, UT is a popular place for families, as children make up 35.2% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 27.4% |
% Under 18 | 35.2% | -10.4% |
% Seniors | 11.9% | 83.1% |
% WFH | 11.4% | 115.1% |
% w/ College Degree | 31.9% | 13.1% |
As of the latest ACS Survey released in 2023, Hyrum, UT is a predominantly white area, with 81.7% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Hyrum, UT is hispanic, making up 13.0% of the population. Foreign-born residents account for 8.0% of the population in Hyrum, UT, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | 1.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 13.0% | -22.2% |
% Asian | 0.9% | ∞% |
% Foreign Born | 8.0% | -9.1% |
Mortgage and Risk — Hyrum, UT
According to HUD data as of 2023, there were 317 mortgage originations in Hyrum, UT, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Hyrum, UT. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hyrum, UT
As of 2024, the percent of homes in Hyrum, UT under the Section 8 program is 0.9%. 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. In Hyrum, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $700 | $1,040 |
| 2 Bedroom | $120 | $1,200 | $1,320 |
| 3 Bedroom | $150 | $1,700 | $1,850 |
| 4 Bedroom | $120 | $2,100 | $2,220 |
Affordability — Hyrum, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $441,000 |
| Median Household Income | $86,100 |