Department of Numbers

St George Utah Residential Rent and Rental Statistics

The median monthly gross residential rent in St George, UT (the St George metro area) was $982 in 2016 according to the Census ACS survey.1 Average gross rent in St George was $963 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 St George median and average rent data will be released in September of 2018.

Data is also available below for St George rental vacancy rates, St George rent as a percent of median income and the fraction of renters in St George.

Show dollars as: Nominal Real

Real Gross Rent in St George Utah (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Utah Median Gross Rent $954 +1.81% +7.67%
St George, UT Median Gross Rent $982 +3.59% +7.09%

St George, UT Real Gross Rent Trends

Median gross rent for St George peaked in real terms in 2006 at $1,038 and is now $56 (5.39%) lower. Average gross rent for St George peaked in real terms in 2008 at $1,026 and is now $63 (6.14%) lower. From a recent low of 870.0 in 2011, real average gross rent has now increased by $93 (10.69%).

Real Gross Rent in St George: St George UT Median, St George UT Average, Utah Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St George

Date US
Median
Utah
Median
St George, UT
Median
St George, UT
Average
2016 $981 $954 $982 $963
2015 $972 $937 $948 $977
2014 $942 $893 $936 $902
2013 $910 $886 $917 $983
2012 $898 $865 $966 $978
2011 $898 $848 $983 $870
2010 $912 $849 $908 $940
2009 $916 $863 $946 $938
2008 $932 $887 $1,000 $1,026
2007 $885 $822 $1,029 $1,003
2006 $895 $817 $1,038 $1,011
2005 $869 $794 $858 $881

St George Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for St George Utah was 8.98% according to Census ACS data.

Rental Vacancy Rate in St George Utah

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Utah 6.24% +1.43% +0.28%
St George, UT 8.98% +4.44%

Trends in St George, UT Rental Vacancy Rate

At 8.98%, St George residential rental vacancy rate in 2016 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: St George UT, Utah, US

Rental vacancy rate in Utah

Historical Rental Vacancy Rate data for St George

Date US Utah St George, UT
2016 5.89% 6.24% 8.98%
2015 5.85% 4.81%
2014 6.32% 5.27% 8.21%
2013 6.49% 5.96% 4.54%
2012 6.77% 5.89% 6.92%
2011 7.40% 5.36% 6.00%
2010 8.17% 6.59% 3.84%
2009 8.43% 6.49% 6.60%
2008 7.86% 5.32% 5.82%
2007 7.87% 5.59% 5.78%
2006 7.70% 6.21%
2005 7.74% 6.95%

Rent as a Fraction of Income

Using median household income data for St George, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St George, median monthly gross rent as a fraction of median household income was 21.40% in 2016 according to the ACS.

St George Utah Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Utah 17.35% -0.29% -0.34%
St George, UT 21.40% +0.95% -0.03%

Trends in St George, UT Rent as a Fraction of Income

The fraction of median St George household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 26.03%. Since then it has fallen by 4.63% to 21.40%.

Fraction of Income towards Rent: St George UT, Utah, US

Percent of median household income going towards median monthly gross rent in St George Utah

Historical Data for Annual Rent as a Fraction of Income in St George Utah

Date US Utah St George, UT
2016 20.43% 17.35% 21.40%
2015 20.63% 17.64% 20.45%
2014 20.89% 17.45% 22.28%
2013 20.78% 17.69% 21.43%
2012 20.65% 17.90% 26.03%
2011 20.70% 17.66% 24.94%
2010 20.50% 17.45% 20.82%
2009 20.12% 17.27% 22.44%
2008 19.00% 16.61% 21.08%
2007 18.66% 15.96% 23.50%
2006 18.90% 16.30% 23.09%
2005 18.89% 16.65% 19.62%

Renter Fraction in St George Utah

You can calculate the renter fraction in St George in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in St George as a fraction of total St George households. In 2016 26.03% of households were renters according to Census ACS data.

St George Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Utah 30.10% -1.02% -0.68%
St George, UT 26.03% -7.59% -2.78%

Trends in the St George, UT Renter Fraction

The St George household renter fraction peaked in in 2015 at 33.62% and is now 7.59% below that level. The origin year for the series is 2005.

Fraction of Renting Households: St George UT, Utah, US

Fraction of renters in St George

History of St George Renter Fraction

Date US Utah St George, UT
2016 36.88% 30.10% 26.03%
2015 36.97% 31.12% 33.62%
2014 36.90% 30.84% 31.29%
2013 36.50% 30.78% 28.81%
2012 36.09% 30.38% 31.85%
2011 35.42% 30.62% 30.42%
2010 34.65% 30.10% 31.43%
2009 34.13% 28.50% 29.64%
2008 33.36% 28.28% 30.45%
2007 32.80% 28.27% 27.77%
2006 32.73% 28.02% 28.00%
2005 33.10% 29.44% 32.47%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.