Sanpete County, Utah Housing Market

In Sanpete County, Utah, the median home value is $347,200, with a median monthly rent of $954. This places Sanpete County at #431 nationally out of 3134 counties by median home value, and #17 within Utah.

Median Home Value $347,200
Median Rent $954/mo
Owner Occupancy 74.3%
Price/Rent Ratio 30.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Sanpete County rose +4.6% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

6,344
jobs (private sector)
  • Avg weekly wage: $817
  • Establishments: 654
  • BLS QCEW, 2025
🏗️

Housing Supply

238
new units authorized (2025)
  • Single-family: 190
  • Multi-family: 48
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+619
net migration (filers, 2021-2022)
  • Inflow: 9,638 (avg $67,385)
  • Outflow: 9,019 (avg $67,762)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 8 active ZIP codes in Sanpete County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 84662 313.5 — 2025
2 84634 267.2 — 2025
3 84629 301.4 +10.12% 2025
4 84632 353.1 — 2024
5 84642 258.9 -8.65% 2025
6 84627 327.5 +4.49% 2025
7 84647 349.7 +9.30% 2025
8 84646 272.0 +27.26% 2022

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Sanpete County Compares

MetricSanpete CountyUtah AverageU.S. Average
Median Home Value $347,200 $418,720 $227,706
Median Gross Rent $954 $1,149 $968
Owner Occupancy Rate 74.3% 77.2% 73.3%
Price/Rent Ratio 30.3 29.9 18.7

Market Analysis

The median home value in Sanpete County is 17.1% below the Utah state average and 52.5% above the U.S. national average. The median rent of $954/month is 17.0% below the state average.

With a price-to-rent ratio of 30.3, Sanpete County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.

Sanpete County has an owner-occupancy rate of 74.3%, compared to 77.2% in Utah and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
St. Lucie County Florida $347,300 $1,585
Columbia County New York $347,100 $1,260
Suffolk city Virginia $347,400 $1,563
Northumberland County Virginia $346,800 $1,038
Matanuska-Susitna Borough Alaska $346,600 $1,299

Other Counties in Utah

CountyMedian Home ValueMedian RentOwner Occ.
Rich County $334,600 $760 84.7%
Garfield County $318,100 $817 70.3%
Iron County $379,000 $1,065 68.3%
Sevier County $311,200 $912 77.8%
Uintah County $298,600 $941 73.5%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).