Real Estate Investing in Sevier, Utah (84637)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84637 (Sevier, 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.
- High vacancy: 27.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.0 — 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 Sevier, UT (84637)?
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Market Analysis: 84637 Sevier
Looking more closely, ZIP 84637 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $339K median. It rewards specialists, not generalists.
In practical terms, the numbers look inviting — $339K purchase price, 0.0% nominal cap — the work to hit that pro forma in 84637 is substantial and deserves full respect.
On the rental side, 84637 offers a low basis, the region around Sevier has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 84637 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 84637 is an operator game, not a passive one. Meanwhile, entry prices of $339K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Sevier:
Market Trends
Home Value History (with trend line)
📊 How Does 84637 Compare?
| Metric | 84637 | Sevier | Utah |
|---|---|---|---|
| Home Value | $339,054 | $169,527 | $530,173 |
| 5-Year CAGR | 4.6% | 4.6% | 7.0% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84637 (Sevier, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $339,054 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 28.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 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 (2.3%). 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 84637
Population: 674
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
Do landlords face vacancy issues in Sevier, UT?
Sevier, UT vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Sevier, UT?
Landlord-friendliness in Sevier, UT is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are tenants stable in Sevier, UT?
Expect a solid tenant pool in Sevier, UT. The rental market absorbs $1,008/mo rents without meaningful friction.
Is Sevier, UT a good market for FHA house hackers?
The house hack math a challenging in Sevier, UT. Owner-occupant buyers benefit from the $1,008/mo rents and $339K home values.
Where do home prices stand in Sevier, UT?
Typical homes in Sevier, UT go for around $339K. The 5-year CAGR of 0.0% consistent price movement.
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