How much is a home worth in ZIP code 84003?

The typical home in 84003 is worth $600,721, based on the Zillow Home Value Index.

Are home values rising in 84003?

Home values in 84003 are up 2.4% over the past year, and up 4.6% a year over five years.

What is the typical rent in 84003?

A typical home in 84003 rents for about $1,877 a month, a gross rental yield of 3.7%.

What is the property tax rate in 84003?

The effective property tax rate in 84003 is 0.4% — roughly $2,420 a year on a typical home.

ZIP code 84003 has a population of 57,430 and a median household income of $120,330.

HousingHandbookReference data

…

U.S. ZIP Code · UT84003

Utah County · Provo-Orem-Lehi, UT

Typical home value

$600,721^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +4.6%
10-year / yr: +7.1%

Relative price

vs U.S.: +111.5%
vs metro: +11.7%
vs state: +20.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 84003 is worth $600,721 — 11.7% above the Provo-Orem-Lehi, UT median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,877 a month — a 3.7% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,877^[2]
Gross yield: 3.7%^[2]
Cap rate: 2.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.4%^[3]
Typical annual tax: $2,420^[3]

#Climate risk

FEMA National Risk Index ratings for Utah County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Relatively High

#Who lives here

Population: 57,430^[3]
Median household income: $120,330^[3]

#Migration

Household moves in and out of Utah County over a year, from IRS tax-return data.

Net migration: +2,695^[5]
Moved in: 18,943
Moved out: 16,248

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 19
Elementary: 11
Middle: 2
High: 4

Lone Peak High
High · Grades 10–12 · Alpine District
2,507 students
American Fork High
High · Grades 10–12 · Alpine District
2,335 students
American Fork Jr High
Middle · Grades 7–9 · Alpine District
1,853 students
Mountain Ridge Jr High
Middle · Grades 7–9 · Alpine District
1,030 students
Legacy School
Elementary · Grades PK–6 · Alpine District
883 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$22,521

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,038

Loan principal$480,577

Down payment$120,144

Total interest paid$612,949

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.99

Monthly cost to own$3,738

Monthly rent$1,877

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 41st percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 26th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 84003?: The typical home in 84003 is worth $600,721, based on the Zillow Home Value Index.
Are home values rising in 84003?: Home values in 84003 are up 2.4% over the past year, and up 4.6% a year over five years.
What is the typical rent in 84003?: A typical home in 84003 rents for about $1,877 a month, a gross rental yield of 3.7%.
What is the property tax rate in 84003?: The effective property tax rate in 84003 is 0.4% — roughly $2,420 a year on a typical home.
Who lives in 84003?: ZIP code 84003 has a population of 57,430 and a median household income of $120,330.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

84097 vs 84003 →
Orem, UT
Typical home
$602,461
Gross yield
2.9%
84645 vs 84003 →
Mona, UT
Typical home
$603,884
Gross yield
—
84604
Provo, UT
Typical home
$608,618
Gross yield
3.5%
84062
Pleasant Grove, UT
Typical home
$587,223
Gross yield
3.7%
84043
Lehi, UT
Typical home
$578,761
Gross yield
4.7%
84045
Saratoga Springs, UT
Typical home
$560,576
Gross yield
4.8%

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#Jump to section

U.S. ZIP Code · UT84003

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