Rental market · ZIP 84004 · Alpine, UT

ZIP 84004, Alpine, UT rental market

Population 10,427 · Alpine, Utah County, UT · ZIP Code Tabulation Area

Profile · ACS 2024 5-year

Not ranked

This ZIP Code area does not meet the ranking eligibility criteria; the figures below are shown as available.

It stays searchable; available government estimates remain below (data tier: Profile).

Key metrics

10,427
Population

±63 ±0.6% tight

$980,300
Median home value (ACS, owner-reported)

±$49,000 ±5% tight

$3,501
Median gross rent (ACS, incl. utilities)

Direct ACS estimate: the Census Bureau publishes no margin of error for it

4.3%
Survey gross-rent yield (proxy)

Derived from ACS estimates: no published margin of error

$170,500
Median household income

±$34,000 ±19.9% moderate

4.8%
Rental vacancy

Derived from ACS estimates: no published margin of error

11.2%
Renter share

Derived from ACS estimates: no published margin of error

0.4%
Estimated property-tax burden

Derived from ACS estimates: no published margin of error

1998
Median year built

±2 years margin in years; a share of a year number would not mean anything

4.5%
Multifamily (5+ units)

Derived from ACS estimates: no published margin of error

Data vintage: ACS 2024 5-year. Of the 10 figures above, 4 carry the Census Bureau's published 90% margin of error, printed on the card in the figure's own units and as a share of the estimate; 5 are ratios derived from those estimates, which the Census Bureau publishes no margin for; and 1 is a direct ACS estimate the Census Bureau publishes no margin of error for. The bar and the band word restate that printed share in three bands: tight under ±10%, moderate ±10% to ±25%, wide ±25% and over. A median year built is given a margin in years only, because a margin stated as a share of a year number would not mean anything; the bar is full at ±40%. A wider margin does not make an area worse, only less precisely measured.

Market context

Trend context

Loading home value context…

View source data

Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.

ACS estimates by release; ± is the margin of error.
Series2017–20212018–20222019–20232020–2024
Median home value B25077$698,900 ±$42,409$815,800 ±$57,737$893,400 ±$45,944$980,300 ±$48,803
Median gross rent B25064$3,071 ±$2,106$2,814 ±$1,881$2,786 ±$1,678$3,501
Population B0100310,209 ±3310,260 ±5710,272 ±4210,427 ±60

ACS 2021 release

2017-2021 five-year estimate

Median home value B25077
$698,900Margin of error ±$42,409
Median gross rent B25064
$3,071Margin of error ±$2,106
Population B01003
10,209Margin of error ±33

ACS 2022 release

2018-2022 five-year estimate

Median home value B25077
$815,800Margin of error ±$57,737
Median gross rent B25064
$2,814Margin of error ±$1,881
Population B01003
10,260Margin of error ±57

ACS 2023 release

2019-2023 five-year estimate

Median home value B25077
$893,400Margin of error ±$45,944
Median gross rent B25064
$2,786Margin of error ±$1,678
Population B01003
10,272Margin of error ±42

ACS 2024 release

2020-2024 five-year estimate

Median home value B25077
$980,300Margin of error ±$48,803
Median gross rent B25064
$3,501Margin of error not available
Population B01003
10,427Margin of error ±60

Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.

Measured market data

Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree; the reconciliation below states on which axis, one axis at a time, instead of leaving a reader to guess. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-08, not live.

Why two figures for apparently the same thing differ: source, vintage, methodology and geography, stated one axis at a time.
FigureACS survey estimateZillow measured index
Typical home value$980,300±$49,000, the Census Bureau’s published 90% margin of error$1,203,565no published margin of error
Methodology typical home valueThe median of what owners themselves estimate their own home to be worth, across owner-occupied homes only.A smoothed index of the typical value of homes in the middle tier (35th to 65th percentile) of the local stock, whether or not they sold.
SourceU.S. Census Bureau, American Community Survey 5-year estimates.Zillow Economic Research public research data.
VintageACS 2024 5-year: one estimate pooled over 2020–2024. Restated once a year, not monthly, and adjacent releases overlap.Monthly series, observed 2026-08 and revised in recent months. Not live.
Geography2020 Census ZIP Code Tabulation Area 84004.USPS ZIP code 84004: a related, but not identical, area.

The index for typical home value is $223,265 higher than the survey estimate, whose own 90% margin of error is ±$49,000: the two are separated by more than survey sampling error alone accounts for. A gap of either size is expected when the source, vintage, methodology and geography all differ, and is not evidence that either figure is wrong. Neither figure corrects the other, and no margin of error is implied for the index, which publishes none.

Zillow Home Value Index (ZHVI, mid tier)$1,203,565
ZHVI bottom tier (5th–35th pct)$794,948
ZHVI top tier (65th–95th pct)$2,140,386
Market heat index60
Share of listings with a price cut29.0%
For-sale inventory51
New listings13
Median list price$2,099,500
Measured 3-yr value growth4.78%/yr
Measured 5-yr value growth4.28%/yr
Measured 10-yr value growth7.88%/yr
ZHVI, 4-bedroom$1,125,583
ZHVI, 5-bedroom$1,369,978

Source: Zillow Economic Research public research data, observation month 2026-08. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.

Underwrite with these as starting points

Opening a calculator pre-loads the ACS median owner value and median gross rent as a survey-level starting point; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.

ZIP Codes bordering 84004

4 ZIP Code areas share a land boundary with 84004 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 4 of them are in CE’s ranked set and are listed below, each with its own Rental Investor ZIP Score, grade and national rank, read from the same published dataset as this page. The rest are counted here and searchable from the ZIP Code explorer. A neighbour’s score is a score for that area, never for 84004, and this list is ordered by border length, so it is not a ranking and no neighbour is called best.

Evidence, sources & limitations

Official geography: Alpine city, Utah County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 84004, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z3-measured-v1; data ACS 2024 5-year.

This ZIP Code area is primarily in Utah County, overlapping Alpine and other places, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).

Populationsurvey ACS B01003 · ±0.6% margin of error
Median home value (ACS, owner-reported)survey ACS B25077 · ±5% margin of error
Median gross rent (ACS, incl. utilities)survey ACS B25064 · no published margin of error
Survey gross-rent yield (proxy)derived 12 * ACS B25064 / B25077 · no published margin of error
Median household incomesurvey ACS B19013 · ±19.9% margin of error
Rental vacancyderived ACS B25004 E002 / (B25003 E003 + B25004 E002) · no published margin of error
Renter sharederived ACS B25003 E003/E001 · no published margin of error
Estimated property-tax burdenderived ACS B25103 / B25077 · no published margin of error
Median year builtsurvey ACS B25035 · ±<1% margin of error
Multifamily (5+ units)derived ACS B25024 (5+ unit structures / total) · no published margin of error

Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.