Spanish Fork, UT 84660 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spanish Fork, UT—84660

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$505,000

2.8% YoY Growth

Household Income

$98,400

33.6% YoY Growth

Days on Market

16.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,880

1.1% YoY Growth

1-Bed Rent

$895

0.8% YoY Growth

2-Bed Rent

$1,400

6.0% YoY Growth

3-Bed Rent

$1,880

1.6% YoY Growth

Home Price Trends — Spanish Fork, UT

As of Dec '25, the median home price in Spanish Fork, UT is $505,000, with a year-over-year change of 2.8%. This indicates that home prices in Spanish Fork, UT are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$505,000	2.8%
Single Family	$508,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spanish Fork, UT

As of July '25, Rentcast reports the average rent in Spanish Fork, UT is $1,840, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Spanish Fork, UT is studios: $1,100, 1-bedrooms: $1,200, 2-bedrooms: $1,410, 3-bedrooms: $1,860, 4-bedrooms: $2,180. The most common rental property sizes in Spanish Fork, UT are 3-bedroom and 2-bedroom, accounting for 39.5% and 29.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,880	$1,840
Studio Rent	$899	$1,100
1 Bed Rent	$895	$1,200
2 Bed Rent	$1,400	$1,410
3 Bed Rent	$1,880	$1,860
4 Bed Rent	$2,150	$2,180

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% of Rental Stock

Studio

3.1%

1 Bedroom

7.5%

2 Bedrooms

29.1%

3 Bedrooms

39.5%

4 Bedrooms

9.5%

5+ Bedrooms

11.3%

Property Listings — Spanish Fork, UT

As of Dec '25, Realtor.com reports that the median days on market for a home in Spanish Fork, UT is 73. This is a increase of 18.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$620,000	10.0%
Listing Count	250	-1.0%
Listings as % of Homes	1.8%	-1.0%
Days on Market	87	16.0%

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Demographics — Spanish Fork, UT

As of the latest ACS Survey released in 2023, Spanish Fork, UT has a population of 47,000, which has increased by 13.2% over the past 5 years. Spanish Fork, UT is a popular place for families, as children make up 36.2% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	47,000	13.2%
% Under 18	36.2%	-4.5%
% Seniors	9.0%	30.4%
% WFH	13.6%	134.5%
% w/ College Degree	38.1%	20.6%

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As of the latest ACS Survey released in 2023, Spanish Fork, UT is a predominantly white area, with 81.1% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Spanish Fork, UT is hispanic, making up 13.7% of the population. Foreign-born residents account for 4.8% of the population in Spanish Fork, UT, and this percentage has decreased by 18.6% 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	81.1%	-4.9%
% Black	0.5%	66.7%
% Hispanic	13.7%	30.5%
% Asian	0.3%	0.0%
% Foreign Born	4.8%	-18.6%

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Mortgage and Risk — Spanish Fork, UT

According to HUD data as of 2023, there were 1190 mortgage originations in Spanish Fork, UT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Spanish Fork, UT. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,190
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Spanish Fork, UT

As of 2024, the percent of homes in Spanish Fork, UT under the Section 8 program is 3.6%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Spanish Fork, UT, because HUD payments exceed market rent, while 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	134
Total Units Section 8	93
% Rentals under Section 8	3.6%
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$275	$895	$1,170
2 Bedroom	-$50	$1,400	$1,350
3 Bedroom	$10	$1,880	$1,890
4 Bedroom	$120	$2,150	$2,270

Spanish Fork, UT—84660

Key Metrics at a Glance

Home Price Trends — Spanish Fork, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spanish Fork, UT

% of Rental Stock

Property Listings — Spanish Fork, UT

Demographics — Spanish Fork, UT

Race and Ethnicity

Mortgage and Risk — Spanish Fork, UT

Mortgages

Rentals and Section 8 — Spanish Fork, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Spanish Fork, UT

Home Price to Income Ratio

Spanish Fork, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Mapleton, UT

Springville, UT

Fairview, UT

Salem, UT

Payson, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$505,000
Median Household Income	$98,400

Spanish Fork, UT—84660

Key Metrics at a Glance

Home Price Trends — Spanish Fork, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spanish Fork, UT

% of Rental Stock

Property Listings — Spanish Fork, UT

Demographics — Spanish Fork, UT

Race and Ethnicity

Mortgage and Risk — Spanish Fork, UT

Mortgages

Rentals and Section 8 — Spanish Fork, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Spanish Fork, UT

Home Price to Income Ratio

Spanish Fork, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Mapleton, UT

Springville, UT

Fairview, UT

Salem, UT

Payson, UT

Frequently Asked Questions

What is the average home price in Spanish Fork, UT 84660?

How have home prices in Spanish Fork, UT 84660 changed over the past year?

What is the home price projection for Spanish Fork, UT 84660?

What are the demographics of Spanish Fork, UT 84660?

How long does it take homes to sell in Spanish Fork, UT 84660?

What is the average rent price in Spanish Fork, UT 84660?