St. George UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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St. George, UT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

St. George Housing Market Information

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.

St. George Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$338,151

St. George, UT HOME PRICES

Value Range
> $1,295,000 1.3
$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

Average for UT
Very High for Nation

Value Relative to Nation Value Relative to State
16.9343065693431 41.6107382550336

Number Of Homes And Apartments:
28,998

St. George Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2020 Q1
89.09% 3.20%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,316 / per month

Homeownership Rate

Homeownership
Owners 64.24
Renters 35.76
Vacant 18.51

Housing Market Details

 

Age of Homes

AGE OF St. George HOMES
2000 or Newer 39.7
1970 - 1999 55.1
1940 - 1969 4.4
1939 or Older 0.8

Types of Homes

TYPE OF St. George HOMES
Single-Family 67.0
Townhomes 7.2
Small Apt. Buildings 8.2
Apt. Complexes 13.2
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF St. George HOMES
No Bedroom 1.42
1 Bedroom 6.53
2 Bedrooms 23.77
3 Bedrooms 39.72
4 Bedrooms 17.82
5 or more bedrooms 10.74