Commercial Real Estate Market in Richfield, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
59 active listings and 563 off-market properties in Richfield, UT.
Market Trends
Richfield, UT spans 229.1 square miles in Sevier County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Richfield, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Richfield, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Richfield, UT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Richfield, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 38.3%
- Commercial 30.8%
- Agricultural 17.2%
- Industrial 13.8%
Largest Zones share of zoned land by district
Single Family Residential
Commercial General
Forestry District
Multiple Residential
Commercial Shopping
Richfield, UT zones 3,908 acres across 12 districts. Commercial zoning covers 30.8% of zoned land, residential 38.3% and industrial 13.8%. The largest single district is Single Family Residential at 23%. For commercial buyers the practical constraint is that only 44.5% of land carries a commercial or industrial designation.
Single Family Residential (R1-10)
These districts are intended to promote, preserve, and protect single family residential development, The principal land uses allowed are singlefamily dwellings and associated incidental accessory uses
Market overview
Demographics & Economy
Richfield, UT has 8,883 residents in 3,345 households. Density runs 39 people per square mile. Median household income here is $77,532 and median gross rent $855 a month.
8,883
Population
3,345
Households
2.7
Avg Household Size
33
Median Age
23%
College-Educated
92%
High-School Grad
229.1 sq mi
ZIP Area
39
Density / Sq Mi
$77,532
Median Household Income
$34,421
Median Earnings
$855
Median Rent
$296,500
Median Home Value
Tools
Nearby Markets
Commercial property in Richfield, UT asks $12/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richfield?
Commercial property in Richfield, UT asks an average of $12 per square foot.
What zoning applies to commercial property in Richfield?
Richfield, UT zones 3,908 acres across 12 districts, of which 30.8% is commercial and 13.8% industrial. The largest single district is Single Family Residential at 23% of zoned land. These districts are intended to promote, preserve, and protect single family residential development, The principal land uses allowed are singlefamily dwellings and associated incidental accessory uses Residential zoning covers 38.3% and open space 0%.
Where does Realmo's Richfield market data come from?
Realmo compiles Richfield, UT figures from 54 active sale listings, 5 active lease listings, 563 tracked off-market properties, the current Richfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 5 active for-lease listings in Richfield, UT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,908 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
