Real Estate Investing in Elmo, Utah (84521)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84521 (Elmo, 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.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.6 — 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 (84521)?
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Market Analysis: 84521 Elmo
The 84521 ZIP in Elmo, UT is a local-operator market. Outside capital chasing a $342K entry has to pair deep knowledge with the discount.
Rent of $873/mo on a $342K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 84521 sits below the stated 0.0% once reality is priced in.
Regionally, 84521 sits on the difficult end of the UT spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
A robust renter share of 22% in 84521 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 84521 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Elmo:
Market Trends
Home Value History (with trend line)
📊 How Does 84521 Compare?
| Metric | 84521 | Elmo | Utah |
|---|---|---|---|
| Home Value | $341,670 | $313,525 | $530,173 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $873 | $1,029 | - |
| Cap Rate | 2.0% | 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 84521 (Elmo, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $341,670 |
| Monthly Rent | $873 |
| Price-to-Rent | 32.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 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 (2.0%). 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 84521
Population: 591
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
Which real estate strategy fits Elmo, UT?
Elmo, UT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($342K prices, $873/mo rents) make it a reasonable choice.
What is the typical home price in Elmo, UT?
Median home price in Elmo, UT is near $342K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How strong is Elmo, UT for real estate investors?
Our data puts Elmo, UT at 2.0/5 for investability. Home prices of $342K and rents around $873/mo create a solid backdrop for investor activity.
What does house hacking look like in Elmo, UT?
House hacking in Elmo, UT is reasonable to execute. Prices around $342K and rents of $873/mo solid owner-occupant economics.
How quickly do rentals get leased in Elmo, UT?
Vacancy in Elmo, UT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
You know 84521 now. You don’t know where it ranks.
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