Real Estate Investing in Oakley, Utah (84055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84055 (Oakley, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 68.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oakley, UT (84055)?
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Market Analysis: 84055 Oakley
The 84055 ZIP in Oakley, UT is a local-operator market. Outside capital chasing a $736K entry has to pair deep knowledge with the discount.
The investment case in 84055 is durable only for operators who understand what they are buying. A $736K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader UT picture, 84055 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 84055 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 84055 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Oakley:
Market Trends
Home Value History (with trend line)
📊 How Does 84055 Compare?
| Metric | 84055 | Oakley | Heber, UT | Utah |
|---|---|---|---|---|
| Home Value | $736,042 | $736,042 | N/A | $530,173 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.0% |
| Avg Rent | $2,484 | $2,484 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84055 (Oakley, UT). Anonymous, moderated, never written by AI.
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Property managers serving Summit County
Manage rentals here? List your business →Sea To Ski specializes in non-rental luxury home and HOA management in Park City, offering local expertise and a proactive approach for effortless ownership. summary from their website
Nestwell Property Management is a top-rated property management company in Utah, offering services like property inspections, accounting, tenant screening, and rental marketing. summary from their website
Ptarmigan Property Services is a top property management company. 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 | $736,042 |
| Monthly Rent | $2,484 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.6%). 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 84055
Population: 1,805
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
Frequently Asked Questions
Is vacancy a concern in Oakley, UT?
Expect elevated vacancy in Oakley, UT. Rents at $2,484/mo are absorbed by the tenant base without meaningful lag.
Is Oakley, UT a friendly market for rental owners?
Oakley, UT falls under UT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does a duplex house hack pencil in Oakley, UT?
For house hackers, Oakley, UT is a challenging. The $2,484/mo rent on a unit helps defray the mortgage on a $736K property.
What do rentals go for in Oakley, UT?
Average rent in Oakley, UT is approximately $2,484/mo per month. Against $736K home values that yields a reasonable rent-to-price ratio.
What price range are homes in Oakley, UT?
The median home value in Oakley, UT is roughly $736K. That puts it reasonable relative to the UT statewide average.
You know 84055 now. You don’t know where it ranks.
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How 84055 ranks in Heber, UT
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