St. George Presents Prime Opportunities for Growth and Potential

by | Sep 10, 2014 | Real Estate Services

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With a population of 132,703 people, which includes 44,964 households, St. George happens to be a pleasant little chunk of the earth. It covers a total area of 69.4 square miles of which 64.4 square miles is covered by land and .5 square miles by water. The population is made up of 87.2% Whites, .7% African Americans, .8% Asian Americans, and 11.3% other races. The business presence adds a bit of corporate luxury with the headquarters of SkyWest Airlines and other well-known companies calling St. George home. Education is on the horizon with the four high schools, four middles schools, three intermediate schools, and numerous elementary schools located there. St. George is commonly referred to as Utah’s Dixie and a religious affiliation of 92.5% LDS, 4.1% Catholic, 2.8% Protestant, and .5% other.

A Platform of Events & Attractions

St. George offers a bit of diversity in the area of local attractions and happenings. The Urban Trails span greater than 65 miles and is paved with natural ground surfaces, making it a pleasant piece of scenery. The St. George Motocross Park, Winter Bird Festival, and the Cotton Days Celebration, Dixie Power Kite Festival is only the tip of the iceberg in what is going on around St. George. Everyone gathers for the Blue Angels Air Show-Thunder Over Utah, and it delivers a wonderful air display for all ages. There is a rolling list of events for St. George, while there’s a little something for everyone to enjoy.

The Statistics of St. George

The per capita income of the area is $21,354 compared to the U.S. residential average of $27,466 and an average household income of $49,747 versus the U.S. residential average of $52,175. There is an average home value of $250,800 in St. George with 38.1% of all houses valued at $300,000 or greater; 29% of St. George rent, compared to the 71% who own their homes. In 2014, monthly rental rates were at about $868 for St. George, and 29% of the residents paid more than 30% of their annual income in rent. The vacancy rate of rentals is about 5% there, and the rent to price ratio in St. George is 0.4%. Furthermore, 91% of St. George residents have their high school diploma, and 22% of them have at least a four-year degree. There is a median age of 29.8 years old in St. George.

St. George is the perfect place for personal growth and family enjoyment. Real Property Management Southern Utah values the contribution of a small town. Check this link for more information about important community and rental facts property investor should know about St. George real estate market.

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