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Cedar City, UT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,488
Monthly Cash Flow
-$587
Principal + Equity
$3,161
Annual Total Gain
$30,880
Cash on Cash
-7.09%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$149
Occupancy Rate
51.85%
Monthly Revenue
$1,864
Monthly Cash Flow
-$491
Principal + Equity
$3,161
Annual Total Gain
$32,035
Cash on Cash %
-5.93%
Net ROI %
Market Health & Growth
Median Income
$63,789
Population
37,202
LTR Renter %
43.37%
Forecast (1 yr)
1.8%
Appreciation (1 yr)
3.27%
Appreciation (5 yr)
44.93%
Appreciation (10 yr)
128.64%
Job Growth
3.9%
LTR Rentability
Very High
STR Demand
64
STR Rentals
444
Top Public Schools
A-SUU SUCCESS Academy
B-Iron Springs School
B-
B-
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Live in Utah
#90out of 154 markets
Most Diverse Places to Live in Utah
#35out of 154 markets
Best Places for Young Professionals in Utah
#50out of 154 markets
C
Public School
C
Crime And Safety
C-
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Cedar City, UT.
In Cedar City, UT, Short Term Rental (STR) regulations are governed by the city's zoning ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning: Cedar City has specific zoning regulations that determine where STRs are allowed to operate. Investors should ensure that the property they are interested in is located in a zone that permits short term rentals.
2. Licensing: STR operators in Cedar City are required to obtain a business license from the city. This license must be renewed annually and comes with a fee.
3. Occupancy limits: Cedar City has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Safety regulations: Cedar City has safety regulations in place for STRs, including requirements for smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these safety standards.
5. Taxes: Cedar City imposes transient room taxes on short term rentals. Investors should be aware of these taxes and ensure that they are properly collected and remitted to the city.
6. Noise regulations: Cedar City has noise regulations in place that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their guests comply with them.
Overall, investors looking to purchase a property for Short Term Rental purposes in Cedar City, UT should familiarize themselves with the city's regulations and ensure that their property complies with all requirements to avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Cedar City, UT, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Cedar City, UT.
The LTR Genie Score of Cedar City, UT is 79 and STR Genie Score is 65, indicating a high and moderate level of attractiveness for long-term rental and short-term rental investments, respectively. The high LTR Genie Score can be attributed to the very high LTR Rentability and positive LTR Net ROI of 31.08%. On the other hand, the moderate STR Genie Score is due to the relatively lower STR Revenue and occupancy rate compared to the long-term rental metrics.
Cedar City, UT is a growing city located in southwestern Utah known for its outdoor recreational opportunities and proximity to national parks. The city has a strong rental market with a mix of long-term and short-term rental opportunities, making it an attractive option for real estate investors.
Based on the metrics provided, Cedar City, UT seems to be a more attractive market for long-term rental investments due to the higher LTR Genie Score and positive LTR Net ROI. However, investors may also consider diversifying their portfolio with some short-term rental properties to take advantage of the tourism in the area. Overall, Cedar City, UT presents a promising opportunity for real estate investors looking to capitalize on the growing market and rental demand in the area.
LTR Genie Score 93
$154,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,479 sqft.🏠 SINGLE FAMILY