Spanish Valley, UT—84532
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spanish Valley, UT
Spanish Valley, UT lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $592,000 | 0.2% |
| Single Family | $597,000 | -0.3% |
| Condos | $500,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $502,000 | -1.4% |
3 Bed | $603,000 | -0.2% |
4 Bed | $664,000 | -1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spanish Valley, UT
As of July '25, Rentcast reports the average rent in Spanish Valley, UT is $2,910, with a year-over-year rent change of 19.3%. Per bedroom, the median rent as of July '25 in Spanish Valley, UT is 1-bedrooms: $1,880, 2-bedrooms: $3,000, 3-bedrooms: $3,080. The most common rental property sizes in Spanish Valley, UT are 3-bedroom and 2-bedroom, accounting for 35.8% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,440 | $2,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,880 |
| 2 Bed Rent | $3,000 | $3,000 |
| 3 Bed Rent | $2,440 | $3,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spanish Valley, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Spanish Valley, UT is 112. This is a decrease of -27.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | -9.0% |
Listing Count | 170 | 26.0% |
| Listings as % of Homes | 1.6% | 26.0% |
Days on Market | 112 | -27.0% |
Demographics — Spanish Valley, UT
As of the latest ACS Survey released in 2023, Spanish Valley, UT has a population of 10,600, which has increased by 6.0% over the past 5 years. Spanish Valley, UT is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 35.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | 6.0% |
% Under 18 | 19.9% | -7.9% |
% Seniors | 19.0% | 13.8% |
% WFH | 11.5% | 35.3% |
% w/ College Degree | 35.2% | 31.3% |
As of the latest ACS Survey released in 2023, Spanish Valley, UT is a predominantly white area, with 80.6% 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 Spanish Valley, UT is hispanic, making up 11.4% of the population. Foreign-born residents account for 6.6% of the population in Spanish Valley, UT, and this percentage has decreased by 20.5% 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 | 80.6% | -3.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 11.4% | 12.9% |
% Asian | 1.0% | -47.4% |
% Foreign Born | 6.6% | -20.5% |
Mortgage and Risk — Spanish Valley, UT
According to HUD data as of 2023, there were 174 mortgage originations in Spanish Valley, UT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Spanish Valley, UT. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 5.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Spanish Valley, UT
Spanish Valley, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 111 |
Total Units Section 8 | 76 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$680 | $1,750 | $1,070 |
| 2 Bedroom | -$1,600 | $3,000 | $1,400 |
| 3 Bedroom | -$550 | $2,440 | $1,890 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Spanish Valley, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $592,000 |
| Median Household Income | $64,100 |