Cedar City, UT has a median housing value of $390,800, which is significantly higher than the US median house value of $338,100. Furthermore, during the past year Cedar City has seen an appreciation in house values of 7.86%, slightly lower than the national average of 8.27%. This illustrates that there is a strong demand for housing in Cedar City and an overall healthy market. Consequently, it is a great place to invest in real estate due to its continuing appreciation rate.
The median home cost in Cedar City is $390,800. Home appreciation the last 10 years has been 170.2%. Home Appreciation in Cedar City is up 19.9%.
Average Age of Homes
- The median age of Cedar City real estate is 26 years old
The Rental Market in Cedar City
- Renters make up 42.0% of the Cedar City population
- 3.6% of houses and apartments in Cedar City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.