Alpine Property Management

Investing Insights

It is critical to note that Alpine is a small and highly affluent mountain town. The population as of 2019, according to the U.S. Census, was just over 10,000 residents. The median household income in Alpine was almost $130K with a 2.7% poverty rate. 

Pros of Investing in Alpine

One of the prime benefits of investing in Alpine is the type of town you are investing in, and Alpine has an affluent population. The properties have large lots with large homes, with many homes having three to eight bedrooms. The town has low crime statistics, many highly rated schools, and a higher median income than similarly sized towns. 

Cons of Investing in Alpine

Alpine is one of the most expensive cities in Utah. The high cost of living in Alpine creates a narrower pool of applicants. With this being said, once a qualified applicant is placed a large revenue stream is coming in providing you with an excellent investment property. Another aspect to consider is that alpine is tucked up into the mountains and will not be the perfect fit for tenants wanting to live close to the city. Luckily, every tenants’ needs are different and while one may prefer to be close to the city another may love the large lot sizes and open land that Alpine provides.

Investor Snapshot

Home Prices in Alpine:

In April of 2021, the statistics for Alpine's buying market are as follows:

Price Range: $269K to $15.9M

Median List Price: $835K

Trending: The median list price in Alpine has skyrocketed with a 30.5% year-over-year increase! According to Zillow, the median listing price has risen from $595K in 2016 to what we see today. 

Rent Rates for Alpine:

In April of 2021, the statistics for Alpine's renting market are as follows:

Price Range: $1,000 - $3,500

Average Rent: As of April 2021, there was only one unit available to rent in Alpine, leaving this statistic inconclusive. 

Trending: Alpine keeps a low inventory of rental units, with the rate dependent on the size of the property. 

Utah Property Solutions – Property Management in Alpine

Do you want to invest in a rental property in Alpine? Give us a call today for a free rental analysis. In addition, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We provide a month-by-month management agreement that owners can cancel at any time with a 30-day notice. Do you want to learn more? Check out our vlog for more information!