Real Estate Investing in Paradise, Utah (84328)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84328 (Paradise, UT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 46.1 — 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 Paradise, UT (84328)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 84328 Paradise
The 84328 ZIP covers a section of Paradise that demands careful diligence. Prices near $697K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 84328 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Paradise have seen price recovery that 84328 has not matched. Cache County data supports the view that the spread is structural rather than temporary.
Employment concentration in 84328 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 84328, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Paradise:
Market Trends
Home Value History (with trend line)
📊 How Does 84328 Compare?
| Metric | 84328 | Paradise | Logan, UT-ID | Utah |
|---|---|---|---|---|
| Home Value | $697,208 | $697,208 | N/A | $530,173 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.0% |
| Avg Rent | $1,260 | $1,260 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
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 84328 (Paradise, UT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 84328 (Paradise, UT)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $697,208 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 46.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 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 (1.4%). 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 84328
Population: 1,768
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
🎓 Nearby Colleges & Universities
Investor Insight: With 8,690 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Paradise, UT?
Paradise, UT home values average about $697K. That price point suits investors targeting rentals with $1,260/mo in monthly income.
How much is rent in Paradise, UT?
Paradise, UT rentals go for roughly $1,260/mo a month. That puts gross yield in solid territory relative to $697K acquisition costs.
What kind of tenants rent in Paradise, UT?
Paradise, UT offers a consistent renter base at the $1,260/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Paradise, UT landlord-friendly?
UT ranks as a landlord-friendly state for landlord-tenant law. Paradise generally follows the statewide framework, so landlords face reasonable operating rules.
What strategy should investors use in Paradise, UT?
Investors usually favor careful cash-flow rentals with hands-on management in Paradise, UT. With home values at $697K and rents near $1,260/mo, other strategies can work but produce stable rather than outsized returns.
You know 84328 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 84328 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 84328 ranks in Logan, UT-ID
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 84328 (Paradise)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 84328 (Paradise, UT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.