Real Estate Investing in Alpine, Utah (84004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84004 (Alpine, UT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 67.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alpine, UT (84004)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84004 Alpine
Investors eyeing 84004 need to respect the fundamentals at play. Home values of $1.2M come alongside slower price movement and elevated management overhead.
The investment case in 84004 is significant only for operators who understand what they are buying. A $1.2M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader UT picture, 84004 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 84004 includes headwinds that any investor should price in. Income distribution skews lower than Alpine averages, and tenant stability requires active management.
Strategically, 84004 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Alpine:
Property Strategy for 84004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 4BR | $1,074,014 | $2,750 | 1.8% | +8.5% | $268,503 |
| 5BR | $1,269,937 | — | — | +8.9% | $253,987 |
Market Trends
Home Value History (with trend line)
📊 How Does 84004 Compare?
| Metric | 84004 | Alpine | Provo-Orem, UT | Utah |
|---|---|---|---|---|
| Home Value | $1,201,570 | $1,201,570 | N/A | $530,173 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.0% |
| Avg Rent | $1,476 | $1,476 | N/A | - |
| Cap Rate | 1.0% | 1.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84004 (Alpine, UT). Anonymous, moderated, never written by AI.
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Property managers serving Utah County
Manage rentals here? List your business →ICO Property Management constructs and oversees luxury Utah apartment communities, crafting enriching lifestyle experiences for residents across 17 locations along the Wasatch Front. summary from their website
Property Management Inc. offers residential, association, short-term, commercial, and multifamily property management services. summary from their website
Incline Property Management provides reliable property care for homeowners and investors, handling tenant screening, rent collection, maintenance, and delinquency resolution. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,201,570 |
| Monthly Rent | $1,476 |
| Price-to-Rent | 67.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.5% |
| Cap Rate | 1.0% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84004
Population: 10,272
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 84004
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dan W. Peterson
Polaris High School
Summit High
Alpine Online School
Greenwood School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Alpine, UT?
Alpine, UT scores 3.0/5 for investability. Home values sit at $1.2M and rents near $1,476/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong are rents in Alpine, UT?
Rental rates in Alpine, UT average $1,476/mo. Tenant demand and $1.2M home values make the yield look reasonable by investor standards.
How do experienced investors play Alpine, UT?
A careful cash-flow rentals with hands-on management strategy Alpine, UT best. The market produces predictable results for that approach at the $1.2M price point.
Is Alpine, UT good for house hacking?
For house hackers, Alpine, UT is a tougher. The $1,476/mo rent on a unit helps defray the mortgage on a $1.2M property.
What is it like being a landlord in Alpine, UT?
Alpine, UT falls under UT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 84004 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84004 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 84004 ranks in Provo-Orem, UT
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