Real Estate Investing in Richfield, Utah (84701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84701 (Richfield, 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: 10.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.6 — 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 Richfield, UT (84701)?
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Market Analysis: 84701 Richfield
Investors eyeing 84701 need to respect the fundamentals at play. Home values of $347K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 84701 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 84701 and stronger Richfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 84701 includes headwinds that any investor should price in. Income distribution skews lower than Richfield averages, and tenant stability requires active management.
Strategically, 84701 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Richfield:
Property Strategy for 84701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $297,805 | $1,390 | 3.4% | +9.4% | $99,268 |
| 4BR | $346,535 | $1,500 | 3.1% | +9.5% | $86,634 |
Market Trends
Home Value History (with trend line)
📊 How Does 84701 Compare?
| Metric | 84701 | Richfield | Utah |
|---|---|---|---|
| Home Value | $347,242 | $347,242 | $530,173 |
| 5-Year CAGR | 6.1% | 6.1% | 7.0% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 2.1% | 2.1% | - |
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 84701 (Richfield, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $347,242 |
| Monthly Rent | $945 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (2.1%). 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 84701
Population: 8,756
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 84701
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
Which investment style suits Richfield, UT?
In Richfield, UT the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $347K prices and $945/mo rents suits that approach.
What is the renter demographic in Richfield, UT?
The renter base in Richfield, UT is reasonable for the $945/mo price point. Screening well and pricing to market typically yields steady tenants.
How does Richfield, UT stack up for property investment?
The 3.0/5 investability rating in Richfield, UT reflects its $347K prices and $945/mo rents. Investors generally consider it a solid option within UT.
How high is vacancy risk in Richfield, UT?
Richfield, UT sees elevated vacancy, which is reasonable relative to the broader UT rental market.
Is Richfield, UT good for house hacking?
Richfield, UT is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $347K price point reasonable to enter.
You know 84701 now. You don’t know where it ranks.
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