Market Overview
Home Prices in Nephi, UT
The median home value in Nephi, UT is $460,663 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nephi are priced12% above average. Nephi is part of the Provo-Orem, UT metro area.
Over the past five years, Nephi home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Nephi Home Price Trend
City Comparison
Nephi vs. National Median
At $460,663, homes in Nephi cost 12% above the national median of $410,000. Buyers in Nephi should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Nephi?
20% Down Payment
$92,133
on $460,663
Monthly P&I
$2,403/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,052/mo
incl. taxes & insurance
Income Needed
$122,080
gross annual (30% rule)
10% Down Option
$46,066
+ PMI applies
Loan Amount (20% dn)
$368,530
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Nephi, UT?
The median home value in Nephi is $460,663 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Nephi?
Over the past year, home values in Nephi have increased by 3.5%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Nephi?
To comfortably afford the median home price of $460,663 with a 20% down payment ($92,133) at today's rates (6.8%), you'd need a gross annual income of approximately $122,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Nephi compare to the national average home price?
The national median home value is approximately $410,000. At $460,663, homes in Nephi are 12% above the national average.
What metro area is Nephi part of?
Nephi is part of the Provo-Orem, UT metropolitan area. Home prices and market conditions can vary across the broader metro region.