Roosevelt is home to the best residential real estate investment market in Utah.
The 84066 zip code in Roosevelt presents the greatest opportunity for the best real estate investments among the 1,376 individual real estate markets in Utah we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market's InvestScore.
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Data sources
Most of the data in this article comes from the Zillow Home Value Index and the U.S. Census American Community Survey.
We update our data when the original sources update their data, usually monthly. Sometimes we'll update data more frequently.
Clever also performs regular quality checks to identify outdated data, broken data connections, and other data issues that may arise.
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5 best places to invest in Utah
🚨 This article is for informational purposes only. It isn't intended to convey financial or legal advice. We recommend you talk to a real estate agent or real estate attorney when buying a home in Utah.
1. Roosevelt
We've identified the 84066 zip code in Roosevelt as Utah's best real estate investment market. Here's why.
🔎 Key data about Roosevelt (84066)
| Data point | Value | Rank in state (of 1,376 markets) |
|---|---|---|
| InvestScore | 100 | Highest |
| Typical property value | $358,405[1] | 5th lowest |
| Five-year appreciation | 64%[2] | 2nd highest |
| Household income | $79,494[3] | 78th highest |
| Affordability ratio | 4.5 | 13th most affordable |
| Five-year population growth | 3.6%[4] | 26th highest |
| Unemployment rate | 3.1%[5] | 2nd lowest |
| Property taxes | $1,745[6] | 9th lowest |
| Educational attainment | 18%[7] | 88th highest |
Roosevelt (zip code 84066) is the best residential real estate investment market in Utah. It has the 2nd highest property value appreciation among markets we evaluated, with a 64% appreciation of the typical property over the last five years.
Roosevelt is the 13th most affordable market among the 1,376 Utah markets we evaluated, with an affordability ratio of 4.5.
2. Vernal
The 84078 zip code in Vernal is the runner-up spot for the best real estate investments in Utah.
🔎 Key data about Vernal (84078)
| Data point | Value | Rank in state (of 1,376 markets) |
|---|---|---|
| InvestScore | 94.0 | 2nd highest |
| Typical property value | $340,767[1] | 4th lowest |
| Five-year appreciation | 54%[2] | 4th highest |
| Household income | $75,113[3] | 85th highest |
| Affordability ratio | 4.5 | 14th most affordable |
| Five-year population growth | 0%[4] | 57th highest |
| Unemployment rate | 3.1%[5] | 2nd lowest |
| Property taxes | $1,585[6] | 3rd lowest |
| Educational attainment | 18%[7] | 87th highest |
The 84078 zip code in Vernal features a typical property value of $340,767, the 4th lowest in the state.
Property values have appreciated 54% over the past five years, the 4th highest increase among evaluated markets in the state. Vernal homes have an affordability ratio of 4.5, the 14th most affordable in the state.
3. Hyrum
The 84319 zip code in Hyrum comes in at No. 3 in our ranking of the best residential real estate investment markets in Utah.
🔎 Key data about Hyrum (84319)
| Data point | Value | Rank in state (of 1,376 markets) |
|---|---|---|
| InvestScore | 94.0 | 3rd highest |
| Typical property value | $437,760[1] | 19th lowest |
| Five-year appreciation | 44%[2] | 11th highest |
| Household income | $89,189[3] | 66th highest |
| Affordability ratio | 4.9 | 28th most affordable |
| Five-year population growth | 4.2%[4] | 18th highest |
| Unemployment rate | 3%[5] | lowest |
| Property taxes | $1,818[6] | 11th lowest |
| Educational attainment | 34%[7] | 60th highest |
With a typical property value of $437,760, Hyrum's 84319 zip code features the 19th lowest property values in the state.
Hyrum homes have an affordability ratio of 4.9, the 28th most affordable among the markets we evaluated.
4. Richfield
The 84701 zip code in Richfield ranks No. 4 among Utah's residential real estate investment markets.
🔎 Key data about Richfield (84701)
| Data point | Value | Rank in state (of 1,376 markets) |
|---|---|---|
| InvestScore | 92.6 | 4th highest |
| Typical property value | $327,526[1] | 2nd lowest |
| Five-year appreciation | 51%[2] | 5th highest |
| Household income | $73,943[3] | 5th highest |
| Affordability ratio | 4.4 | 10th most affordable |
| Five-year population growth | 0.5%[4] | 70th highest |
| Unemployment rate | 3.1%[5] | 2nd lowest |
| Property taxes | $1,736[6] | 7th lowest |
| Educational attainment | 23%[7] | 82nd highest |
Property values in Richfield's 84701 zip code have seen the 5th highest increase among evaluated markets in the state, with an appreciation of 51% over the past five years.
Richfield's affordability ratio of 4.4 makes it the 10th most affordable among the 1,376 markets we evaluated.
5. Kanab
The 84741 zip code in Kanab rounds out our top five residential real estate investment markets in Utah.
🔎 Key data about Kanab (84741)
| Data point | Value | Rank in state (of 1,376 markets) |
|---|---|---|
| InvestScore | 91.7 | 5th highest |
| Typical property value | $393,752[1] | 6th lowest |
| Five-year appreciation | 38%[2] | 34th highest |
| Household income | $85,417[3] | 34th highest |
| Affordability ratio | 4.6 | 16th most affordable |
| Five-year population growth | 3.7%[4] | 25th highest |
| Unemployment rate | 3.1%[5] | 2nd lowest |
| Property taxes | $1,725[6] | 6th lowest |
| Educational attainment | 29%[7] | 70th highest |
Property values in Kanab's 84741 zip code rose 38% over the last five years, ranking the city 34th highest among evaluated markets in Utah.
Kanab homes have an affordability ratio of 4.6, the 16th most affordable among the markets we evaluated.
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Frequently asked questions
See our article Steps to Buying Your First Rental Property to learn the basics of real estate investing for beginners.
You'll learn the importance of setting goals, picking the right market, and more.
Cash investors often use what's called the 70% rule, which suggests they should pay around 70% of a house's after-repair value minus the cost of renovations.
By buying for about 70% of the after-repair value, they're positioning themselves to pay for repairs and other costs, and to lock in a profit.
The 70% rule isn’t a hard-and-fast formula, but a quick guideline investors use to evaluate potential deals.
Investing in residential real estate can be one of the best passive real estate investments in Utah.
Residential real estate offers accessible passive income and the potential to compound your original investment.
Renting out residential units is the top way to invest in real estate. House hacking also offers a great opportunity for passive real estate investment income.
How we rank residential real estate markets in Utah
To determine the best real estate investments in Utah we evaluated 1,376 markets on eight metrics, and then assigned an InvestScore based on a proprietary weighting framework. Each market corresponds to a specific zip code in Utah.
What is InvestScore?
InvestScore is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the residential real estate investment potential of a given market. It takes into account a suite of key data points for each city.
- Typical property value: This measures the typical home value in this zip code, according to the Zillow Home Value Index. It reflects the typical value for homes in the 35th to 65th percentile range, including all homes, with the numbers smoothed and seasonally adjusted. We prefer lower property values, which indicate both more room for growth and a greater ease of purchase.
- Property value appreciation: This measures how much property values have increased in the area over the past five years, according to the Zillow Home Value Index. We prefer a higher appreciation, as it indicates better returns on housing. However, past performance isn't indicative of future results.
- Median household income: This is the inflation-adjusted median household income in the zip code, according to U.S. Census American Community Survey data. We prefer a higher household income, as it indicates local residents have more income to spend on housing.
- Affordability ratio: This is the ratio of the typical home value to the median household income in the area. A lower ratio is better because it means more households can afford a home, which indicates higher demand.
- Population growth: This is how much the area's population has grown over the past five years, according to U.S. Census estimates. Higher is better, as it indicates residents are moving into the area at a rapid clip.
- Unemployment rate: This is the unemployment rate in the area, according to U.S. Census data. We prefer a lower rate, as it indicates the availability of steady employment in the area, meaning residents will find it much easier to afford homes.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates.
- Educational attainment: This is the percentage of residents in the area that have obtained a bachelor's degree or better, according to U.S. Census estimates. We prefer a higher rate because it indicates local residents who have higher earning potential and thus should be able to afford homes.
