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 87,178 people, 28,998 houses or apartments, and a median cost of homes of $338,151, 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 67.03% of the city's housing units. Other types of housing that are prevalent in St. George include large apartment complexes or high rise apartments ( 13.19%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few row houses and other attached homes ( 7.15%).
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 64.24% owning and 35.76% 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 ( 39.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.38%).
Vacant housing appears to be an issue in St. George. Fully 18.51% 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.
In the last 10 years, St. George has experienced some of the highest home appreciation rates of any community in the nation. St. George real estate appreciated 58.62% over the last ten years, which is an average annual home appreciation rate of 4.72%, putting St. George in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. George definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, St. George's appreciation rate, at 6.22%, has been at or slightly above the national average. In the latest quarter, St. George's appreciation rate has been 1.45%, which annualizes to a rate of 5.93%.
Relative to Utah, our data show that St. George's latest annual appreciation rate is lower than 80% 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.
|$972,001 - $1,295,000||1.6|
|$648,001 - $972,000||5.9|
|$518,001 - $648,000||8.3|
|$389,001 - $518,000||18.1|
|$259,001 - $389,000||33.4|
|$130,001 - $259,000||23.8|
|$65,001 - $130,000||4.0|
|$0 - $65,000||3.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF St. George HOMES|
|2000 or Newer||39.7|
|1970 - 1999||55.1|
|1940 - 1969||4.4|
|1939 or Older||0.8|
|TYPE OF St. George HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF St. George HOMES|
|5 or more bedrooms||10.74|