Real Estate Investing in Peoa, Utah (84061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84061 (Peoa, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 29.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 49.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Peoa, UT (84061)?
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Market Analysis: 84061 Peoa
The 84061 ZIP covers a section of Peoa that demands careful diligence. Prices near $1.1M look accessible, but the work to make a deal cash flow is real.
Rent of $1,818/mo on a $1.1M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 84061 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 84061 among UT's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 84061 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans 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 Peoa:
Market Trends
Home Value History (with trend line)
📊 How Does 84061 Compare?
| Metric | 84061 | Peoa | Heber, UT | Utah |
|---|---|---|---|---|
| Home Value | $1,070,799 | $1,070,799 | N/A | $530,173 |
| 5-Year CAGR | N/A | N/A | N/A | 7.0% |
| Avg Rent | $1,818 | $1,818 | N/A | - |
| Cap Rate | 1.3% | 1.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84061 (Peoa, 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 | $1,070,799 |
| Monthly Rent | $1,818 |
| Price-to-Rent | 49.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.0% |
| Cap Rate | 1.3% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (1.3%). 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 84061
Population: 315
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
What do landlords charge for rent in Peoa, UT?
Average rent in Peoa, UT is approximately $1,818/mo per month. Against $1.1M home values that yields a reasonable rent-to-price ratio.
How deep is the rental pool in Peoa, UT?
Tenant quality in Peoa, UT ranks as solid. Landlords generally report stable occupancy at market rents of $1,818/mo.
Does a duplex house hack pencil in Peoa, UT?
Peoa, UT is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.1M price point reasonable to enter.
What investment strategy works best in Peoa, UT?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Peoa, UT. The numbers - $1.1M homes against $1,818/mo rents - support that play.
How do home values compare in Peoa, UT?
Peoa, UT median home values land near $1.1M. That is reasonable territory for investors looking at $1,818/mo-per-month rentals.
You know 84061 now. You don’t know where it ranks.
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How 84061 ranks in Heber, UT
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