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Cedar City city, UT

ZIP 84720 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84720

Median Home Value
$357,400
Median Rent
$842
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,296/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

35.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84720 in Cedar City city, UT, a household would need roughly $98,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,296. That is about 54% above the local median household income ($63,742), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.0%-1% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
89.5%+3% vs US avg
x
4+ Bedrooms
19.1%+29% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
2.9%-59% vs US avg
x
Rent Burden >30%
16.8%-66% vs US avg
x
Mortgage-Free
35.4%-7% vs US avg
x
$357,400
Home Value
$842
Rent
1995
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.1%
  • 1-unit attached9.1%
  • 2-9 units12.8%
  • 10+ units12.3%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$357,400
Median rent$842
Owner-occupied65.0%
Vacant7.5%
Price-to-income5.6x
Est. income to buy$98,000