Cedar City, Utah Housing Market Prices
Cedar City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 41% below the Utah median$294,339
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Median rent 29% below the Utah median$1,062
Housing Market Overview
| Metric | Cedar City | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,339 | $498,552 | $248,835 |
| Price Trend (Annual %) | 2.5% | 11.3% | 7.5% |
| Median Gross Rent | $1,062 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cedar City is about 41% lower than in Utah. Rent is about 29% lower than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cedar City, up about 2.5% and 6.2% a year respectively. Rent is changing faster.
Median rent in Cedar City rose about 73.3% between 2015 and 2024, from $613 to $1,062. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Cedar City.
Buying the median-priced home in Cedar City costs roughly 23.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cedar City. The price-to-rent ratio in Utah is about 27.8.
| Metric | Cedar City | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,339 | $498,552 | $248,835 |
| Median Household Income | $61,811 | $95,466 | $80,455 |
| Price-to-Income Ratio | 4.8 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cedar City rose about 43.7%, while median household income rose about 46.2% between 2009 and 2025 — 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 | Cedar City | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 64.6% | 58.5% |
| Rental Rate | 38.4% | 27.3% | 31.2% |
| Vacancy Rate | 10.0% | 8.1% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Cedar City has a homeownership rate of 51.6%, lower than the Utah average of 64.6%. Its housing vacancy rate is 10.0%, compared with 8.1% in Utah.
Housing Stock
| Metric | Cedar City | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1997 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 6.4 | 5.5 |
The typical housing unit in Cedar City was built around 1997. On average, 3.0 people live in a home with about 5.6 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cedar City, Utah.
What is the median home price in Cedar City, Utah?
The median home price in Cedar City, Utah is $294,339, lower than the Utah average of $498,552.
What is the average home price in Cedar City, Utah?
The typical home price in Cedar City, Utah, reported as the median sale price, is $294,339. 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 Cedar City, Utah?
The median gross rent in Cedar City, Utah is $1,062 per month, lower than the Utah average of $1,495.
What was the median gross rent in Cedar City in 2020?
In 2020, the median gross rent in Cedar City, Utah was $790 per month.
What is the price-to-rent ratio in Cedar City, Utah?
The price-to-rent ratio in Cedar City, Utah is about 23.1, meaning it would take roughly 23.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cedar City.
Are home prices or rent rising faster in Cedar City, Utah?
Both home prices and rent are rising in Cedar City, up about 2.5% and 6.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Cedar City, Utah?
51.6% of households in Cedar City, Utah own their home, lower than the Utah average of 64.6%.
What is the vacancy rate in Cedar City, Utah?
The housing vacancy rate in Cedar City, Utah is 10.0%, higher than the Utah average of 8.1%.
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