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 | Sevier County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $158,062 | $457,939 | $242,182 |
| Price Trend (Annual %) | 138.4% | 11.6% | 8.2% |
| Median Gross Rent | $878 | $1,405 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sevier County is about 65% lower than in Utah. Rent is about 38% lower than the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sevier County, up about 138.4% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Sevier County rose about 26.3% between 2015 and 2023, from $695 to $878. Over the same span, rent in Utah rose about 58.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Sevier County.
Buying the median-priced home in Sevier County costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sevier County. The price-to-rent ratio in Utah is about 27.2.
| Metric | Sevier County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $158,062 | $457,939 | $242,182 |
| Median Household Income | $73,524 | $92,351 | $78,145 |
| Price-to-Income Ratio | 2.1 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sevier County rose about 0.7%, while median household income rose about 65.5% 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 | Sevier County | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 64.8% | 58.2% |
| Rental Rate | 17.1% | 26.9% | 31.3% |
| Vacancy Rate | 15.1% | 8.2% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Sevier County has a homeownership rate of 67.8%, higher than the Utah average of 64.8%. Its housing vacancy rate is 15.1%, compared with 8.2% in Utah.
Housing Stock
| Metric | Sevier County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.91 people | 2.99 people | 2.54 people |
| Median Structure Built Year | 1981 | 1988 | 1978 |
| Median Number of Rooms | 6.4 | 6.4 | 5.5 |
The typical housing unit in Sevier County was built around 1981. On average, 2.9 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sevier County, Utah.
What is the median home price in Sevier County, Utah?
The median home price in Sevier County, Utah is $158,062, lower than the Utah average of $457,939.
What is the average home price in Sevier 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 Sevier County, Utah?
The median gross rent in Sevier County, Utah is $878 per month, lower than the Utah average of $1,405.
What was the median gross rent in Sevier County in 2020?
In 2020, the median gross rent in Sevier County, Utah was $690 per month.
What is the price-to-rent ratio in Sevier County, Utah?
The price-to-rent ratio in Sevier County, Utah is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sevier County.
Are home prices or rent rising faster in Sevier County, Utah?
Both home prices and rent are rising in Sevier County, up about 138.4% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sevier County, Utah?
67.8% of households in Sevier County, Utah own their home, higher than the Utah average of 64.8%.
What is the vacancy rate in Sevier County, Utah?
The housing vacancy rate in Sevier County, Utah is 15.1%, higher than the Utah average of 8.2%.