Willard, UT—84340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willard, UT
As of Oct '25, the median home price in Willard, UT is $581,000, with a year-over-year change of 5.3%. This indicates that home prices in Willard, UT are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $581,000 | 5.3% |
| Single Family | $581,000 | 5.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Willard, UT
As of July '25, Rentcast reports the average rent in Willard, UT is $2,800, with a year-over-year rent change of 38.6%. Detailed rent data by bedroom size is not available for Willard, UT. The most common rental property sizes in Willard, UT are 2-bedroom and 3-bedroom, accounting for 27.5% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Willard, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Willard, UT is 54. This is a decrease of -8.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $576,000 | -8.0% |
Listing Count | 22 | 29.0% |
| Listings as % of Homes | 2.0% | 29.0% |
Days on Market | 54 | -8.0% |
Demographics — Willard, UT
As of the latest ACS Survey released in 2023, Willard, UT has a population of 3,390, which has decreased by -9.8% over the past 5 years. Willard, UT is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,390 | -9.8% |
% Under 18 | 26.7% | -8.9% |
% Seniors | 13.9% | 32.4% |
% WFH | 22.8% | 216.7% |
% w/ College Degree | 39.0% | 70.3% |
As of the latest ACS Survey released in 2023, Willard, UT is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Willard, UT is hispanic, making up 6.3% of the population. Foreign-born residents account for 1.2% of the population in Willard, UT, and this percentage has decreased by 25.0% 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 | 89.7% | -4.6% |
% Black | 0.1% | 0.0% |
% Hispanic | 6.3% | 28.6% |
% Asian | 1.8% | 260.0% |
% Foreign Born | 1.2% | -25.0% |
Mortgage and Risk — Willard, UT
According to HUD data as of 2023, there were 167 mortgage originations in Willard, UT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 39.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Willard, UT. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Willard, UT
Willard, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,310 |
| 2 Bedroom | N/A | N/A | $1,520 |
| 3 Bedroom | N/A | N/A | $2,130 |
| 4 Bedroom | N/A | N/A | $2,550 |
Affordability — Willard, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $581,000 |
| Median Household Income | $103,000 |