St. George, UT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

St. George, UT Housing Market Trends

With a population of 89,587, 29,943 total housing units (homes and apartments), and a median house value of $396,225, 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 68.02% of the city's housing units. Other types of housing that are prevalent in St. George include large apartment complexes or high rise apartments ( 13.90%), row houses and other attached homes ( 7.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.96%).

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 64.88% owning and 35.12% 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 ( 42.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.79%).

Vacant housing appears to be an issue in St. George. Fully 17.20% 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 105.16% over the last ten years, which is an average annual home appreciation rate of 7.45%, putting St. George in the top 10% 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.

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 14.09%, which is higher than appreciation rates in 93.41% 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 6.24%, which equates to an annual appreciation rate of 27.39%.

Importantly, NeighborhoodScout’s exclusive research found that St. George's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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.

Average Home Values

 

Median Home Value:
$396,225

St. George, UT HOME PRICES

> $1,377,000
1.0%
1.0%
$1,033,001 - $1,377,000
2.3%
2.3%
$689,001 - $1,033,000
6.6%
6.6%
$551,001 - $689,000
9.6%
9.6%
$413,001 - $551,000
19.9%
19.9%
$275,001 - $413,000
34.3%
34.3%
$137,001 - $275,000
20.1%
20.1%
$69,001 - $137,000
2.6%
2.6%
$0 - $69,000
3.6%
3.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for UT

Value Relative To Nation

Number Of Homes And Apartments:
29,943

St. George Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
116.25% 3.65%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,471 / per month

Homeownership Rate

Owners
64.9%
64.9%
Renters
35.1%
35.1%
Vacant
17.2%
17.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
42.9%
42.9%
1970 - 1999
52.7%
52.7%
1940 - 1969
3.8%
3.8%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.0%
68.0%
Townhomes
7.7%
7.7%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
13.9%
13.9%
Mobile Homes
3.5%
3.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
6.0%
6.0%
2 Bedrooms
23.7%
23.7%
3 Bedrooms
39.0%
39.0%
4 Bedrooms
18.6%
18.6%
5 or more bedrooms
11.5%
11.5%
0.0% 100.0%
% OF HOMES