Price, UT—84501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Price, UT
As of Oct '25, the median home price in Price, UT is $301,000, with a year-over-year change of 4.9%. This indicates that home prices in Price, 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 | $301,000 | 4.9% |
| Single Family | $301,000 | 4.5% |
| 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 | $279,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Price, UT
As of July '25, Rentcast reports the average rent in Price, UT is $1,110, with a year-over-year rent change of 4.7%. Per bedroom, the median rent as of July '25 in Price, UT is studios: $700, 1-bedrooms: $800, 2-bedrooms: $975, 3-bedrooms: $2,600, 4-bedrooms: $1,450. The most common rental property sizes in Price, UT are 2-bedroom and 3-bedroom, accounting for 35.4% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,110 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $900 | $800 |
| 2 Bed Rent | $900 | $975 |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | $1,100 | $1,450 |
% of Rental Stock
Property Listings — Price, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Price, UT is 93. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | 9.0% |
Listing Count | 78 | -1.0% |
| Listings as % of Homes | 0.7% | -1.0% |
Days on Market | 93 | -1.0% |
Demographics — Price, UT
As of the latest ACS Survey released in 2023, Price, UT has a population of 13,000, which has decreased by -3.5% over the past 5 years. Price, UT is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | -3.5% |
% Under 18 | 27.3% | -4.5% |
% Seniors | 18.0% | 31.4% |
% WFH | 4.7% | 30.6% |
% w/ College Degree | 19.5% | 10.2% |
As of the latest ACS Survey released in 2023, Price, UT is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Price, UT is hispanic, making up 13.6% of the population. Foreign-born residents account for 2.6% of the population in Price, UT, and this percentage has decreased by 18.8% 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 | 81.3% | -0.9% |
% Black | 1.0% | 66.7% |
% Hispanic | 13.6% | -1.4% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.6% | -18.8% |
Mortgage and Risk — Price, UT
According to HUD data as of 2023, there were 377 mortgage originations in Price, UT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Price, UT. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 377 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Price, UT
Price, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 450 |
Total Units Section 8 | 317 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 69.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $900 | $810 |
| 2 Bedroom | $80 | $900 | $980 |
| 3 Bedroom | -$1,380 | $2,600 | $1,220 |
| 4 Bedroom | $500 | $1,100 | $1,600 |
Affordability — Price, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $301,000 |
| Median Household Income | $53,300 |