The story of this market
The typical home in ZIP 84003 sells for about $630,000, or $235 per square foot.
Prices are down 3.1% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 84003
The 84003 housing market is showing signs of stabilization as inventory levels rise and price growth moderates. While the median price remains high, the increase in active listings suggests a shift toward a more balanced market for buyers. Local economic momentum, driven by the tech sector, continues to support long-term demand.
This ZIP code is ideal for families and tech-sector commuters seeking a balance between suburban living and access to the Wasatch Front's major employment centers.
Median prices moved down 3.1% year over year.
Homes spend a median of 44 days on market with 5.9 months of supply — a balanced-paced market.
30% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 5.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 84003, Utah County UT
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the American Fork area remain relatively low compared to national averages, with local law enforcement reporting stable trends in property and violent crime.
Schools serving the 84003 ZIP code are generally well-regarded, with many institutions in the Alpine School District maintaining high performance ratings.
The area faces moderate risks related to wildfire in foothill regions and occasional localized flooding, with standard insurance requirements for residential properties.
The region benefits from proximity to the Silicon Slopes tech corridor, with significant ongoing residential and commercial development supporting economic expansion.
Property taxes are assessed by Utah County based on fair market value, with rates determined by local taxing entities including school districts and municipal services.
Residents primarily commute via I-15 toward employment hubs in Lehi, Provo, and Salt Lake City, with transit options including the FrontRunner commuter rail.
The area features extensive access to the American Fork Canyon, local parks, and proximity to Utah Lake, alongside major retail centers along the I-15 corridor.
The rental market is characterized by steady demand and moderate vacancy pressure, with a mix of traditional apartments and single-family home rentals.
The economy is anchored by the tech sector, retail, and healthcare, with significant influence from the nearby Silicon Slopes employment hub.
The area is served by I-15 and the FrontRunner commuter rail, providing critical links to the broader Provo-Orem-Salt Lake City metro area.
Development is focused on high-density residential and mixed-use projects near major transit corridors and existing commercial hubs.
The Utah County Assessor manages property valuations, with assessments typically updated annually to reflect market conditions.
Parcels are subject to Alpine School District taxes and various municipal utility and service district assessments.
Property insurance premiums are influenced by regional wildfire risk and standard hazard exposure, remaining generally competitive.
Utah continues to experience positive net domestic migration, driven by economic growth and lifestyle appeal.
Utah is a non-judicial foreclosure state, allowing for efficient processing under state statutes.
Sellers are required to provide a property condition disclosure statement to buyers, covering known material defects.
Data retrieved from Census Reporter and U.S. Census Bureau DHC/ACS datasets.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major outdoor destination for hiking, camping, and scenic drives.
Large community park with sports fields and trail access.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).