Real Estate Investing in Elmo, Utah (84518)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84518 (Elmo, UT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.8 — 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 Elmo, UT (84518)?
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Market Analysis: 84518 Elmo
ZIP 84518 inside Emery County looks affordable on the surface — median value of $344K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 84518 can be a a viable market for hunting ground — but the discount at $344K reflects genuine risk that outside investors often underestimate.
In the broader UT picture, 84518 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 84518 ZIP's population of 623 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
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 Elmo:
Market Trends
Home Value History (with trend line)
📊 How Does 84518 Compare?
| Metric | 84518 | Elmo | Utah |
|---|---|---|---|
| Home Value | $344,204 | $313,525 | $530,173 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $1,071 | $1,029 | - |
| Cap Rate | 2.4% | 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 84518 (Elmo, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $344,204 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | N/A |
| 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 (2.4%). 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 84518
Population: 623
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 84518
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
Does Elmo, UT make sense for an investment property?
With a 2.0/5 investability score, Elmo, UT ranks as a solid market for rental property investors. Median prices of $344K and rents of $1,071/mo drive the underlying numbers.
How much rent can I charge in Elmo, UT?
Elmo, UT rentals go for roughly $1,071/mo a month. That puts gross yield in solid territory relative to $344K acquisition costs.
How deep is the rental pool in Elmo, UT?
Expect a solid tenant pool in Elmo, UT. The rental market absorbs $1,071/mo rents without meaningful friction.
Which investment style suits Elmo, UT?
A careful cash-flow rentals with hands-on management strategy Elmo, UT best. The market produces stable results for that approach at the $344K price point.
How tight is the rental market in Elmo, UT?
Elmo, UT carries elevated vacancy risk. Expect measured absorption at market rents of $1,071/mo.
You know 84518 now. You don’t know where it ranks.
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