La Verkin, UT—84745
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Verkin, UT
As of Oct '25, the median home price in La Verkin, UT is $436,000, with a year-over-year change of 0.1%. This indicates that home prices in La Verkin, UT are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $436,000 | 0.1% |
| Single Family | $437,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $348,000 | 0.9% |
3 Bed | $417,000 | 0.2% |
4 Bed | $469,000 | -0.6% |
| 5 Bed | $569,000 | 0.2% |
% of Housing Stock
Rental Trends — La Verkin, UT
As of July '25, Rentcast reports the average rent in La Verkin, UT is $1,620, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in La Verkin, UT is 1-bedrooms: $825, 2-bedrooms: $1,460, 3-bedrooms: $1,680, 4-bedrooms: $2,020. The most common rental property sizes in La Verkin, UT are 3-bedroom and 2-bedroom, accounting for 49.5% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $825 |
| 2 Bed Rent | $1,480 | $1,460 |
| 3 Bed Rent | $1,650 | $1,680 |
| 4 Bed Rent | $2,020 | $2,020 |
% of Rental Stock
Property Listings — La Verkin, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in La Verkin, UT is 83. This is a increase of 11.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | -14.0% |
Listing Count | 48 | 85.0% |
| Listings as % of Homes | 1.1% | 85.0% |
Days on Market | 83 | 11.0% |
Demographics — La Verkin, UT
As of the latest ACS Survey released in 2023, La Verkin, UT has a population of 4,430, which has increased by 2.7% over the past 5 years. La Verkin, UT is a popular place for families, as children make up 30.9% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,430 | 2.7% |
% Under 18 | 30.9% | -8.0% |
% Seniors | 14.0% | -9.1% |
% WFH | 6.9% | -26.6% |
% w/ College Degree | 22.4% | 61.2% |
As of the latest ACS Survey released in 2023, La Verkin, UT is a predominantly white area, with 79.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in La Verkin, UT is hispanic, making up 6.8% of the population. Foreign-born residents account for 2.1% of the population in La Verkin, UT, and this percentage has decreased by 75.3% 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 | 79.0% | -5.8% |
% Black | 0.0% | N/A |
% Hispanic | 6.8% | -43.3% |
% Asian | 0.7% | ∞% |
% Foreign Born | 2.1% | -75.3% |
Mortgage and Risk — La Verkin, UT
According to HUD data as of 2023, there were 126 mortgage originations in La Verkin, UT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in La Verkin, UT. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 126 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — La Verkin, UT
As of 2024, the percent of homes in La Verkin, UT under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in La Verkin, UT, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $825 | $1,060 |
| 2 Bedroom | -$130 | $1,480 | $1,350 |
| 3 Bedroom | $150 | $1,650 | $1,800 |
| 4 Bedroom | $250 | $2,020 | $2,270 |
Affordability — La Verkin, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $436,000 |
| Median Household Income | $63,100 |