Santaquin, UT—84655
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santaquin, UT
As of Oct '25, the median home price in Santaquin, UT is $501,000, with a year-over-year change of 3.8%. This indicates that home prices in Santaquin, UT are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $501,000 | 3.8% |
| Single Family | $504,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $440,000 | 6.8% |
3 Bed | $479,000 | 4.8% |
4 Bed | $518,000 | 2.6% |
| 5 Bed | $576,000 | 4.0% |
% of Housing Stock
Rental Trends — Santaquin, UT
As of July '25, Rentcast reports the average rent in Santaquin, UT is $1,980, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Santaquin, UT is 2-bedrooms: $1,400, 3-bedrooms: $1,700, 4-bedrooms: $2,600. The most common rental property sizes in Santaquin, UT are 3-bedroom and 2-bedroom, accounting for 65.9% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,500 | $2,600 |
% of Rental Stock
Property Listings — Santaquin, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Santaquin, UT is 74. This is a increase of 22.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 2.0% |
Listing Count | 144 | 17.0% |
| Listings as % of Homes | 1.9% | 17.0% |
Days on Market | 74 | 22.0% |
Demographics — Santaquin, UT
As of the latest ACS Survey released in 2023, Santaquin, UT has a population of 17,200, which has increased by 38.3% over the past 5 years. Santaquin, UT is a popular place for families, as children make up 39.5% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | 38.3% |
% Under 18 | 39.5% | -2.0% |
% Seniors | 6.8% | 7.9% |
% WFH | 12.3% | 141.2% |
% w/ College Degree | 26.1% | 15.0% |
As of the latest ACS Survey released in 2023, Santaquin, UT is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Santaquin, UT is hispanic, making up 12.3% of the population. Foreign-born residents account for 3.6% of the population in Santaquin, UT, and this percentage has decreased by 35.7% 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 | 79.9% | -5.1% |
% Black | 1.4% | 250.0% |
% Hispanic | 12.3% | -14.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 3.6% | -35.7% |
Mortgage and Risk — Santaquin, UT
According to HUD data as of 2023, there were 711 mortgage originations in Santaquin, UT, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Santaquin, UT. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 711 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Santaquin, UT
Santaquin, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | -$180 | $1,400 | $1,220 |
| 3 Bedroom | $10 | $1,700 | $1,710 |
| 4 Bedroom | -$450 | $2,500 | $2,050 |
Affordability — Santaquin, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $501,000 |
| Median Household Income | $97,000 |