Cedar City, UT—84721
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cedar City, UT
Home Price Trends — Cedar City, UT
As of Oct '25, the median home price in Cedar City, UT is $414,000, with a year-over-year change of 4.7%. This indicates that home prices in Cedar City, UT are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 4.7% |
| Single Family | $418,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $266,000 | 1.9% |
3 Bed | $350,000 | 1.4% |
4 Bed | $437,000 | 5.0% |
| 5 Bed | $523,000 | 3.6% |
% of Housing Stock
Rental Trends — Cedar City, UT
As of July '25, Rentcast reports the average rent in Cedar City, UT is $1,480, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Cedar City, UT is 1-bedrooms: $704, 2-bedrooms: $1,140, 3-bedrooms: $1,600, 4-bedrooms: $1,500. The most common rental property sizes in Cedar City, UT are 3-bedroom and 2-bedroom, accounting for 37.8% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $704 |
| 2 Bed Rent | $1,200 | $1,140 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $1,700 | $1,500 |
% of Rental Stock
Property Listings — Cedar City, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar City, UT is 80. This is a increase of 45.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 7.0% |
Listing Count | 275 | 13.0% |
| Listings as % of Homes | 1.2% | 13.0% |
Days on Market | 80 | 45.0% |
Demographics — Cedar City, UT
As of the latest ACS Survey released in 2023, Cedar City, UT has a population of 29,600, which has increased by 28.4% over the past 5 years. Cedar City, UT is a popular place for families, as children make up 31.1% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,600 | 28.4% |
% Under 18 | 31.1% | -7.2% |
% Seniors | 10.5% | 14.1% |
% WFH | 9.3% | 78.8% |
% w/ College Degree | 29.2% | 21.2% |
As of the latest ACS Survey released in 2023, Cedar City, UT is a predominantly white area, with 84.3% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Cedar City, UT is hispanic, making up 11.6% of the population. Foreign-born residents account for 3.4% of the population in Cedar City, UT, and this percentage has decreased by 38.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | 2.8% |
% Black | 0.3% | -25.0% |
% Hispanic | 11.6% | -2.5% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 3.4% | -38.2% |
Mortgage and Risk — Cedar City, UT
According to HUD data as of 2023, there were 834 mortgage originations in Cedar City, UT, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Cedar City, UT. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 834 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cedar City, UT
Cedar City, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 142 |
Total Units Section 8 | 142 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $600 | $940 |
| 2 Bedroom | -$50 | $1,200 | $1,150 |
| 3 Bedroom | $10 | $1,600 | $1,610 |
| 4 Bedroom | $230 | $1,700 | $1,930 |
Affordability — Cedar City, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $414,000 |
| Median Household Income | $73,300 |