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Richfield city, UT

ZIP 84701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84701

Median Home Value
$296,500
Median Rent
$739
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,905/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

33.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84701 in Richfield city, UT, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,905. That is roughly in line with the local median household income ($77,532). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.1%+7% vs US avg
x
Vacancy Rate
13.9%+35% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
32.3%+118% vs US avg
x
Built Pre-1939
8.1%-36% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
17.7%-64% vs US avg
x
Mortgage-Free
39.0%+2% vs US avg
x
$296,500
Home Value
$739
Rent
1977
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.5%
  • 1-unit attached1.9%
  • 2-9 units16.3%
  • 10+ units3.9%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$296,500
Median rent$739
Owner-occupied70.1%
Vacant13.9%
Price-to-income3.8x
Est. income to buy$82,000