Real Estate Investing in Hinckley, Utah (84635)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Millard County • Population: 897 • Data updated: September 2026

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Should you buy in 84635 (Hinckley, UT)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 15.3% of homes vacant — above national norms.

• 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 Hinckley, UT (84635)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $293,428
Avg Monthly Rent $1,017
1% Rule ✗ Does Not Meet
Median Income $76,250
% Renters 33.0%

Market Analysis: 84635 Hinckley

On balance, ZIP 84635 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $293K median. It rewards specialists, not generalists.

Put differently, the numbers look inviting — $293K purchase price, 0.0% nominal cap — the work to hit that pro forma in 84635 is substantial and deserves full respect.

Stepping back, 84635 offers a low basis, the region around Hinckley has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.

Resident income in 84635 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

trends toward 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.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Hinckley:

C+ Average
Buy Confidence Score: 67/100
Affordability
15/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.8× the median income
Value Trend
Stable (+1.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,017/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$315K$281K$246K$212K$177K$143KFeb 2018May 2022Jul 2026

📊 How Does 84635 Compare?

Metric 84635 Hinckley Utah
Home Value $293,428 $293,428 $530,173
5-Year CAGR 6.0% 6.0% 7.0%
Avg Rent $1,017 $1,017 -
Cap Rate 2.7% 2.7% -

Similar ZIPs Within 25 Miles

Compare other nearby markets to see if a neighbor offers a better fit.

💡 Why Invest in 84635? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 84635 (Hinckley, UT). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.7%
Low
5yr Growth
+6.0%
Strong

📊 Market Snapshot

Home Value $293,428
Monthly Rent $1,017
Price-to-Rent 24.0:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.2%
Cap Rate 2.7%
5-Year IRR 8.7%

📈 Home Appreciation

1-Year +1.7% ▲
3-Year CAGR +3.0% ▲
5-Year CAGR +6.0% ▲
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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.

Vacancy
15.3%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.0%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 84635

Population: 897

💰 Median Household Income
$76,250
This area
$76,250
State
$79,091
USA
$74,580
🏠 Renter Occupied
33.0%
This area
33.0%
State
22.7%
USA
34.0%
💼 Unemployment Rate
2.4%
This area
2.4%
State
-24.6%
USA
3.7%
🎓 College Educated
21.4%
This area
21.4%
State
0.8%
USA
33.7%
👤 Median Age
29.2 years
This area
29.2 years
State
-1.6 years
USA
38.9 years
🏚️ Vacancy Rate
15.3%
This area
15.3%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 73.5%
Other/Mixed 26.5%
Hispanic/Latino 23.2%
👶 Under 18
25.3%
This area
25.3%
USA
22.0%
👴 65 and Over
12.0%
This area
12.0%
USA
17.3%
📊 Poverty Rate
0.8%
This area
0.8%
USA
11.5%

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 is the rental occupancy rate in Hinckley, UT?

Hinckley, UT vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What are home prices like in Hinckley, UT?

Median home price in Hinckley, UT is near $293K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.

Is Hinckley, UT a good place for real estate investing?

Hinckley, UT shows an investability rating of 3.0/5, with median home values near $293K and average rents around $1,017/mo. That combination puts it in the impressive tier for investor interest.

Is Hinckley, UT good for house hacking?

House hacking in Hinckley, UT is a challenging. With home values around $293K and rents at $1,017/mo, owner-occupants can offset a meaningful share of PITI.

How much is rent in Hinckley, UT?

Rents in Hinckley, UT run near $1,017/mo. Compared with median home prices of $293K that produces solid gross yields for typical rentals.

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