Nephi, UT Real Estate
According to census data in the year 2000 there were 1,582 housing units in Nephi.
This represents a 24.2% growth from 1,274 in 1990.
Of those housing units, 1,507 were located in either urbanized areas or urban clusters, and 75 were located in what is classified as a rural area.
Homeownership rate in Nephi is about 79.8%.
Nephi's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 3.24 people.
The majority of houses, apartments or condos in Nephi were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 9.90% |
| Two Bedrooms | 28.30% |
| Three Bedrooms | 30% |
| Four Bedrooms | 22.70% |
| Five Bedrooms or more | 8.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.51 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $116,400 |
| Median Price asked for vacant units | $91,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $510 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 52.40% |
| Debt Free | 33.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
