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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 102,519, 33,859 total housing units (homes and apartments), and a median house value of $543,982, real estate costs in St. George are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Single-family detached homes are the single most common housing type in St. George, accounting for 68.61% of the city's housing units. Other types of housing that are prevalent in St. George include large apartment complexes or high rise apartments ( 13.94%), row houses and other attached homes ( 8.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. George. Owner-occupied housing accounts for 66.78% of St. George's homes, and 59.47% have either three or four bedrooms, which is average sized relative to America.

St. George homes and real estate are some of the newest in America. 48.22% of St. George's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the St. George real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.22%), and between 1940-1969 ( 4.16%).

Vacant housing appears to be an issue in St. George. Fully 15.39% 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 120.62% over the last ten years, which is an average annual home appreciation rate of 8.23%, 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.

Over the last year, St. George appreciation rates have trailed the rest of the nation. In the last twelve months, St. George's appreciation rate has been -1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. George were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Importantly, this makes St. George one of the highest appreciating communities in the nation for the latest quarter, and 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 90% 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

$543,982

St. George, UT Home Prices
> $1,281,000
$961,001 - $1,281,000
$640,001 - $961,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
4.5%
4.5%
7.1%
7.1%
18.6%
18.6%
18.5%
18.5%
21.5%
21.5%
19.2%
19.2%
5.6%
5.6%
1.6%
1.6%
3.5%
3.5%
0% 100.0%
% of Homes
High

for Utah

Very High

for nation

Number of Homes And Apartments:

33,859

St. George Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,130 / per month

Homeownership Rate

Owners
Renters
66.8%
66.8%
33.2%
33.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.4%
15.4%
84.6%
84.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
48.2%
48.2%
47.2%
47.2%
4.2%
4.2%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.6%
68.6%
8.1%
8.1%
6.2%
6.2%
13.9%
13.9%
3.0%
3.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
5.1%
5.1%
23.7%
23.7%
37.0%
37.0%
22.5%
22.5%
10.4%
10.4%
0% 100.0%
% of Homes