Nephi, UT 84648 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Nephi, UT—84648

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$440,000

3.8% YoY Growth

Household Income

$97,700

57.8% YoY Growth

Days on Market

144

34.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,300

8.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$825

27.2% YoY Growth

3-Bed Rent

$3,100

67.6% YoY Growth

Home Price Trends — Nephi, UT

As of Dec '25, the median home price in Nephi, UT is $440,000, with a year-over-year change of 3.8%. This indicates that home prices in Nephi, UT are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$440,000	3.8%
Single Family	$440,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Nephi, UT

As of July '25, Rentcast reports the average rent in Nephi, UT is $1,770, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Nephi, UT is 2-bedrooms: $983, 3-bedrooms: $3,100. The most common rental property sizes in Nephi, UT are 3-bedroom and 2-bedroom, accounting for 52.2% and 22.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,770
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$825	$983
3 Bed Rent	$3,100	$3,100
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

10.5%

2 Bedrooms

22.0%

3 Bedrooms

52.2%

4 Bedrooms

15.4%

Property Listings — Nephi, UT

As of Dec '25, Realtor.com reports that the median days on market for a home in Nephi, UT is 128. This is a increase of 28.0% 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	$465,000	-7.0%
Listing Count	45	31.0%
Listings as % of Homes	2.6%	31.0%
Days on Market	144	34.0%

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Demographics — Nephi, UT

As of the latest ACS Survey released in 2023, Nephi, UT has a population of 7,290, which has increased by 19.3% over the past 5 years. Nephi, UT is a popular place for families, as children make up 31.9% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,290	19.3%
% Under 18	31.9%	3.6%
% Seniors	11.4%	-14.3%
% WFH	7.9%	83.7%
% w/ College Degree	21.8%	16.6%

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As of the latest ACS Survey released in 2023, Nephi, UT is a predominantly white area, with 91.4% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Nephi, UT is hispanic, making up 5.0% of the population. Foreign-born residents account for 2.3% of the population in Nephi, UT, and this percentage has decreased by 4.2% 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	91.4%	0.4%
% Black	1.2%	1,100.0%
% Hispanic	5.0%	-19.4%
% Asian	0.0%	-100.0%
% Foreign Born	2.3%	-4.2%

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Mortgage and Risk — Nephi, UT

According to HUD data as of 2023, there were 188 mortgage originations in Nephi, UT, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Nephi, 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	188
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Nephi, UT

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

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$990
2 Bedroom	$305	$825	$1,130
3 Bedroom	-$1,510	$3,100	$1,590
4 Bedroom	N/A	N/A	$1,920

Nephi, UT—84648

Key Metrics at a Glance

Home Price Trends — Nephi, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nephi, UT

% of Rental Stock

Property Listings — Nephi, UT

Demographics — Nephi, UT

Race and Ethnicity

Mortgage and Risk — Nephi, UT

Mortgages

Rentals and Section 8 — Nephi, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Nephi, UT

Home Price to Income Ratio

Nephi, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Starr, UT

Juab

Goshen

Mount Nebo

Santaquin, UT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$440,000
Median Household Income	$97,700

Nephi, UT—84648

Key Metrics at a Glance

Home Price Trends — Nephi, UT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nephi, UT

% of Rental Stock

Property Listings — Nephi, UT

Demographics — Nephi, UT

Race and Ethnicity

Mortgage and Risk — Nephi, UT

Mortgages

Rentals and Section 8 — Nephi, UT

Section 8 Market Size

Section 8 Opportunity

Affordability — Nephi, UT

Home Price to Income Ratio

Nephi, UT — ZIP Code Boundary Map

Nearby ZIP Codes

Starr, UT

Juab

Goshen

Mount Nebo

Santaquin, UT

Frequently Asked Questions

What is the average home price in Nephi, UT 84648?

How have home prices in Nephi, UT 84648 changed over the past year?

What is the home price projection for Nephi, UT 84648?

What are the demographics of Nephi, UT 84648?

How long does it take homes to sell in Nephi, UT 84648?

What is the average rent price in Nephi, UT 84648?