Providence, UT—84332
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Providence, UT
As of Oct '25, the median home price in Providence, UT is $496,000, with a year-over-year change of 0.7%. This indicates that home prices in Providence, UT are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $496,000 | 0.7% |
| Single Family | $506,000 | 1.0% |
| 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 | $357,000 | -0.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Providence, UT
As of July '25, Rentcast reports the average rent in Providence, UT is $1,950, with a year-over-year rent change of 12.7%. Per bedroom, the median rent as of July '25 in Providence, UT is 1-bedrooms: $1,270, 2-bedrooms: $1,500, 3-bedrooms: $1,920, 4-bedrooms: $2,650. The most common rental property sizes in Providence, UT are 3-bedroom and 2-bedroom, accounting for 46.9% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,270 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,800 | $1,920 |
| 4 Bed Rent | $2,600 | $2,650 |
% of Rental Stock
Property Listings — Providence, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Providence, UT is 79. This is a increase of 21.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $528,000 | -11.0% |
Listing Count | 62 | 48.0% |
| Listings as % of Homes | 1.0% | 48.0% |
Days on Market | 79 | 21.0% |
Demographics — Providence, UT
As of the latest ACS Survey released in 2023, Providence, UT has a population of 8,680, which has increased by 14.7% over the past 5 years. Providence, UT is a popular place for families, as children make up 34.6% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,680 | 14.7% |
% Under 18 | 34.6% | 5.2% |
% Seniors | 13.3% | -8.3% |
% WFH | 14.2% | 105.8% |
% w/ College Degree | 46.6% | -5.9% |
As of the latest ACS Survey released in 2023, Providence, UT is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Providence, UT is hispanic, making up 14.0% of the population. Foreign-born residents account for 2.9% of the population in Providence, UT, and this percentage has decreased by 21.6% 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 | 82.3% | -12.1% |
% Black | 0.1% | ∞% |
% Hispanic | 14.0% | 233.3% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.9% | -21.6% |
Mortgage and Risk — Providence, UT
According to HUD data as of 2023, there were 290 mortgage originations in Providence, UT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Providence, 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 | 290 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Providence, UT
As of 2024, the percent of homes in Providence, UT under the Section 8 program is 0.5%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Providence, UT, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | $10 | $1,500 | $1,510 |
| 3 Bedroom | $320 | $1,800 | $2,120 |
| 4 Bedroom | -$60 | $2,600 | $2,540 |
Affordability — Providence, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $496,000 |
| Median Household Income | $104,000 |