Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Beaver County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,622 | $457,939 | $242,182 |
| Price Trend (Annual %) | -8.3% | 11.6% | 8.2% |
| Median Gross Rent | $1,034 | $1,405 | $1,342 |
| Rent Trend (Annual %) | 7.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Beaver County is about 86% lower than in Utah. Rent is about 26% lower than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Beaver County: home prices fell about 8.3% a year while rent rose about 7.6% a year. That is an unusual pattern worth watching.
Median rent in Beaver County rose about 65.2% between 2015 and 2023, from $626 to $1,034. Over the same span, rent in Utah rose about 58.6%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Beaver County.
Buying the median-priced home in Beaver County costs roughly 5.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Beaver County. The price-to-rent ratio in Utah is about 27.2.
| Metric | Beaver County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,622 | $457,939 | $242,182 |
| Median Household Income | $84,154 | $92,351 | $78,145 |
| Price-to-Income Ratio | 0.8 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Beaver County fell about 51.9%, while median household income rose about 114.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Beaver County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 64.8% | 58.2% |
| Rental Rate | 14.4% | 26.9% | 31.3% |
| Vacancy Rate | 18.5% | 8.2% | 10.6% |
| Median Tenure (years) | 19.0 | 13.0 | 15.0 |
| Median Year Moved In | 2007 | 2013 | 2011 |
Beaver County has a homeownership rate of 67.1%, higher than the Utah average of 64.8%. Its housing vacancy rate is 18.5%, compared with 8.2% in Utah.
Housing Stock
| Metric | Beaver County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.88 people | 2.99 people | 2.54 people |
| Median Structure Built Year | 1969 | 1988 | 1978 |
| Median Number of Rooms | 6.0 | 6.4 | 5.5 |
The typical housing unit in Beaver County was built around 1969. On average, 2.9 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Beaver County, Utah.
What is the median home price in Beaver County, Utah?
The median home price in Beaver County, Utah is $65,622, lower than the Utah average of $457,939.
What is the average home price in Beaver County, Utah?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Beaver County, Utah?
The median gross rent in Beaver County, Utah is $1,034 per month, lower than the Utah average of $1,405.
What was the median gross rent in Beaver County in 2020?
In 2020, the median gross rent in Beaver County, Utah was $782 per month.
What is the price-to-rent ratio in Beaver County, Utah?
The price-to-rent ratio in Beaver County, Utah is about 5.3, meaning it would take roughly 5.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Beaver County.
Are home prices or rent rising faster in Beaver County, Utah?
Home prices and rent are moving in opposite directions in Beaver County: home prices fell about 8.3% a year while rent rose about 7.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Beaver County, Utah?
67.1% of households in Beaver County, Utah own their home, higher than the Utah average of 64.8%.
What is the vacancy rate in Beaver County, Utah?
The housing vacancy rate in Beaver County, Utah is 18.5%, higher than the Utah average of 8.2%.