84757, New Harmony, UT

Home Equity and Home Prices in the 84757 Zip Code of New Harmony, UT

The 84757 zip code of New Harmony, UT has a median home value of $236,000. This is significantly higher than the national median home value of $181,500. The majority of homes in this zip code are owned by individuals or families. There are also a few rental properties in this area.

There is a significant disparity between home values in this zip code and the rest of the United States. The median home value in the 84757 zip code is almost three times as high as the national median home value. This indicates that there is a lot of wealth concentrated within this particular area.

This wealth concentration may be due to several factors. First, New Harmony is located in an affluent part of Utah. Second, many homes in this zip code are owner-occupied rather than rented which means that they are more likely to be owned outright by individuals or families rather than leased from an individual or company. Finally, there is a high concentration of businesses and jobs within this area which may also contribute to increased home values.

Despite these factors, it's important to keep in mind that not all homes within the 84757 zip code are worth three times as much as homes elsewhere in America. There are also plenty of modest-priced homes available for purchase or rent here too which indicates that not everyone who lives within this area is wealthy.