Zip 84701 (Richfield, UT) Housing

The housing market in 84701 Richfield, UT is quite strong. The median value of homes in the area is $305,200, which is slightly lower than the US median value of $338,100. Despite this difference, the 1 year house appreciation rate in 84701 Richfield, UT has been 7.86%, just a tad lower than the US average of 8.27%. This indicates that homeowners in 84701 Richfield stand to gain considerable value from investing in housing over the long term.

The median home cost in Richfield (zip 84701) is $305,200. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Richfield (zip 84701) is up 19.9%.

Average Age of Homes

- The median age of Richfield (zip 84701) real estate is 42 years old

The Rental Market in Richfield (zip 84701)

- Renters make up 27.0% of the Richfield (zip 84701) population
- 0.6% of houses and apartments in Richfield (zip 84701), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richfield, Utah	United States
	3,054.0	139,647,020.0
	44	42
	$305,200	$338,100
	19.9%	16.6%
	94.2%	57.0%
	170.2%	101.1%
	$6.50	$10.98
	$1,359	$2,690
	59.7%	57.4%
	10.7%	11.2%
	29.6%	31.4%
Vacant Housing
	0.6%	1.9%
	1.9%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.2%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	0.4%	2.4%
	1.1%	2.8%
	2.2%	3.9%
	4.1%	4.5%
	10.5%	11.3%
	23.7%	13.0%
	30.1%	20.1%
	16.6%	13.6%
	4.3%	8.3%
	1.4%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	13.7%	13.6%
	9.0%	13.2%
	16.9%	14.8%
	13.7%	13.6%
	5.6%	10.0%
	6.8%	4.7%
	16.7%	12.2%

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