Real Estate Investing in Vernal, Utah (84078)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84078 (Vernal, 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 vacancy: 14.3% of homes vacant — above national norms.
What’s happening in Vernal, UT (84078)?
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Market Analysis: 84078 Vernal
From an investor standpoint, ZIP 84078 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $359K median. It rewards specialists, not generalists.
The 84078 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within UT, ZIP 84078 trails on several market indicators that neighboring Uintah County submarkets outperform. The gap is real and durable enough to shape underwriting.
The demographic picture in 84078 includes headwinds that any investor should price in. Income distribution skews lower than Vernal averages, and tenant stability requires active management.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Vernal:
Property Strategy for 84078
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $231,666 | $1,020 | 3.2% | +11.3% | $115,833 |
| 3BR | $311,127 | $1,390 | 3.2% | +10.3% | $103,709 |
| 4BR | $380,711 | $1,710 | 3.2% | +10.3% | $95,178 |
| 5BR | $478,328 | — | — | +10.4% | $95,666 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 84078 Compare?
| Metric | 84078 | Vernal | Vernal, UT | Utah |
|---|---|---|---|---|
| Home Value | $359,414 | $359,414 | N/A | $530,173 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.0% |
| Avg Rent | $1,502 | $1,502 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 84078 (Vernal, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $359,414 |
| Monthly Rent | $1,502 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 84078
Population: 30,669
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 84078
Schools in This ZIP Code
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.
Frequently Asked Questions
Which investment style suits Vernal, UT?
A careful cash-flow rentals with hands-on management strategy Vernal, UT best. The market produces predictable results for that approach at the $359K price point.
What is the typical renter like in Vernal, UT?
Tenant quality in Vernal, UT ranks as solid. Landlords generally report steady occupancy at market rents of $1,502/mo.
Is Vernal in UT worth investing in?
Investors tracking Vernal, UT will find a 3.0/5 rating supported by $359K median home values and $1,502/mo rents. That profile suits long-term holders targeting even-keeled returns.
Can owner-occupants cash flow in Vernal, UT?
Vernal, UT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,502/mo rent level.
How do home values compare in Vernal, UT?
Homes in Vernal, UT typically sell near $359K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
You know 84078 now. You don’t know where it ranks.
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