Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 84,405, 26,939 total housing units (homes and apartments), and a median house value of $328,155, St. George real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in St. George, accounting for 67.13% of the city's housing units. Other types of housing that are prevalent in St. George include large apartment complexes or high rise apartments ( 12.42%), row houses and other attached homes ( 8.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.83%).
The most prevalent building size and type in St. George are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.86% owning and 35.14% renting.
There is a lot of housing in St. George built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in St. George built between 2000 and later ( 37.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.23%). There's also some housing in St. George built before 1939 ( 1.28%).
Vacant housing appears to be an issue in St. George. Fully 19.73% of the housing stock is classified as vacant. Left unchecked, vacant St. George homes and apartments can be a drag on the real estate market, holding St. George real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in St. George's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.10% during the period.
Appreciation rates are so strong in St. George that despite a nationwide downturn in the housing market, St. George real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, St. George appreciation rates continue to be some of the highest in America, at 8.27%, which is higher than appreciation rates in 84.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in St. George. St. George appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 9.23%.
Relative to Utah, our data show that St. George's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within St. George differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. George - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best St. George real estate investment or home purchase decisions.
|$1,006,001 - $1,341,000||0.9|
|$670,001 - $1,006,000||4.6|
|$536,001 - $670,000||6.5|
|$402,001 - $536,000||13.8|
|$268,001 - $402,000||28.1|
|$134,001 - $268,000||35.5|
|$67,001 - $134,000||5.7|
|$0 - $67,000||4.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF St. George HOMES|
|2000 or Newer||37.4|
|1970 - 1999||57.1|
|1940 - 1969||4.2|
|1939 or Older||1.3|
|TYPE OF St. George HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF St. George HOMES|
|5 or more bedrooms||10.35|