Vernal, UT 84078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Vernal, UT—84078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$344,000

4.9% YoY Growth

Household Income

$71,200

5.3% YoY Growth

Days on Market

12.0% Shorter YoY

Home Price Forecast

3.2%

Median Rent

$1,200

8.6% YoY Growth

1-Bed Rent

$950

4.8% YoY Growth

2-Bed Rent

$1,200

6.3% YoY Growth

3-Bed Rent

$1,500

4.9% YoY Growth

Home Price Trends — Vernal, UT

As of Nov '25, the median home price in Vernal, UT is $344,000, with a year-over-year change of 4.9%. This indicates that home prices in Vernal, UT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$344,000	4.9%
Single Family	$356,000	5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Vernal, UT

As of July '25, Rentcast reports the average rent in Vernal, UT is $1,380, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Vernal, UT is studios: $900, 1-bedrooms: $943, 2-bedrooms: $1,190, 3-bedrooms: $1,510, 4-bedrooms: $1,990. The most common rental property sizes in Vernal, UT are 2-bedroom and 3-bedroom, accounting for 48.2% and 36.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,380
Studio Rent	$900	$900
1 Bed Rent	$950	$943
2 Bed Rent	$1,200	$1,190
3 Bed Rent	$1,500	$1,510
4 Bed Rent	$1,800	$1,990

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% of Rental Stock

Studio

0.7%

1 Bedroom

9.1%

2 Bedrooms

48.2%

3 Bedrooms

36.8%

4 Bedrooms

4.4%

5+ Bedrooms

0.7%

Property Listings — Vernal, UT

As of Nov '25, Realtor.com reports that the median days on market for a home in Vernal, UT is 73. This is a decrease of -12.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$435,000	8.0%
Listing Count	139	11.0%
Listings as % of Homes	0.7%	11.0%
Days on Market	73	-12.0%

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Demographics — Vernal, UT

As of the latest ACS Survey released in 2023, Vernal, UT has a population of 30,700, which has increased by 1.5% over the past 5 years. Vernal, UT is a popular place for families, as children make up 33.1% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	30,700	1.5%
% Under 18	33.1%	-2.4%
% Seniors	10.8%	12.5%
% WFH	5.9%	37.2%
% w/ College Degree	18.2%	13.7%

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As of the latest ACS Survey released in 2023, Vernal, UT is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Vernal, UT is hispanic, making up 8.4% of the population. Foreign-born residents account for 2.1% of the population in Vernal, UT, and this percentage has decreased by 16.0% 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	82.5%	-4.3%
% Black	0.6%	0.0%
% Hispanic	8.4%	-9.7%
% Asian	0.6%	100.0%
% Foreign Born	2.1%	-16.0%

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Mortgage and Risk — Vernal, UT

According to HUD data as of 2023, there were 761 mortgage originations in Vernal, UT, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Vernal, UT. Investor activity is low, as 1.0% 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	761
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Vernal, UT

Vernal, UT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	121
Total Units Section 8	72
% Rentals under Section 8	N/A
% Occupied Section 8	78.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$200	$950	$750
2 Bedroom	-$270	$1,200	$930
3 Bedroom	-$200	$1,500	$1,300
4 Bedroom	-$220	$1,800	$1,580

Vernal, UT—84078

Key Metrics at a Glance

Home Price Trends — Vernal, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vernal, UT

% of Rental Stock

Property Listings — Vernal, UT

Demographics — Vernal, UT

Race and Ethnicity

Mortgage and Risk — Vernal, UT

Mortgages

Rentals and Section 8 — Vernal, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Vernal, UT

Home Price to Income Ratio

Vernal, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Jensen, UT

Tridell, UT

Leota, UT

Tridell, UT

Fort Duchesne, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$344,000
Median Household Income	$71,200

Vernal, UT—84078

Key Metrics at a Glance

Home Price Trends — Vernal, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vernal, UT

% of Rental Stock

Property Listings — Vernal, UT

Demographics — Vernal, UT

Race and Ethnicity

Mortgage and Risk — Vernal, UT

Mortgages

Rentals and Section 8 — Vernal, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Vernal, UT

Home Price to Income Ratio

Vernal, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Jensen, UT

Tridell, UT

Leota, UT

Tridell, UT

Fort Duchesne, UT

Frequently Asked Questions

What is the average home price in Vernal, UT 84078?

How have home prices in Vernal, UT 84078 changed over the past year?

What is the home price projection for Vernal, UT 84078?

What are the demographics of Vernal, UT 84078?

How long does it take homes to sell in Vernal, UT 84078?

What is the average rent price in Vernal, UT 84078?