HousingHandbookReference data

U.S. ZIP Code · UT84651

Utah County · Provo-Orem-Lehi, UT

Typical home value

$522,901[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.7%
5-year / yr
+4.8%
10-year / yr
+7.9%

Relative price

vs U.S.
+84.1%
vs metro
-2.8%
vs state
+5.2%
ZIP 84651 location in UT
Location of ZIP 84651 in UT

Price history

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

The typical home in 84651 is worth $522,901 — 2.8% below the Provo-Orem-Lehi, UT median. Over the past year, values have risen 2.7%. Homes here rent for a typical $1,629 a month — a 3.7% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
$1,629[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
0.5%[3]
Typical annual tax
$2,586[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
29,503[3]
Median household income
$96,999[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
8
Elementary
5
Middle
2
High
1
  • Payson High

    High · Grades 6–12 · Nebo District

    1,601 students

  • Payson Jr High

    Middle · Grades 7–9 · Nebo District

    1,111 students

  • Mt. Nebo Middle

    Middle · Grades 6–7 · Nebo District

    1,104 students

  • Spring Lake School

    Elementary · Grades PK–6 · Nebo District

    567 students

  • Barnett School

    Elementary · Grades PK–6 · Nebo District

    511 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.

Gross yield3.7%
Net yield (after ~40% expenses)2.2%
Annual rent$19,551

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.

Monthly payment$2,644
Loan principal$418,321
Down payment$104,580
Total interest paid$533,545

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.

Own : rent ratio2.02
Monthly cost to own$3,293
Monthly rent$1,629

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
55th percentile[1]
Rental yield
31st percentile[2]
Property tax
91st percentile[3]

Frequently asked

How much is a home worth in ZIP code 84651?
The typical home in 84651 is worth $522,901, based on the Zillow Home Value Index.
Are home values rising in 84651?
Home values in 84651 are up 2.7% over the past year, and up 4.8% a year over five years.
What is the typical rent in 84651?
A typical home in 84651 rents for about $1,629 a month, a gross rental yield of 3.7%.
What is the property tax rate in 84651?
The effective property tax rate in 84651 is 0.5% — roughly $2,586 a year on a typical home.
Who lives in 84651?
ZIP code 84651 has a population of 29,503 and a median household income of $96,999.

#Comparable ZIPs

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

  • Spanish Fork, UT

    Typical home
    $519,683
    Gross yield
    4.6%
  • Vineyard, UT

    Typical home
    $528,327
    Gross yield
    4.2%
  • Springville, UT

    Typical home
    $513,740
    Gross yield
    3.8%
  • Eagle Mountain, UT

    Typical home
    $513,530
    Gross yield
    5.1%
  • Genola, UT

    Typical home
    $504,571
    Gross yield
    4.3%
  • Cedar Fort, UT

    Typical home
    $547,456
    Gross yield

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