The St. George real estate market is changing fast. It’s now a great place for those looking for affordable homes. This city in Utah is growing quickly, making it perfect for first-time buyers and investors.
St. George is expected to have 464,000 people by 2060. The housing market is lively, with homes selling in 60-61 days. They often sell for the listed price or more.
Oak Real Estate is here to help you navigate this market. We know all about affordable homes in St. George for 2025. Our team can guide you through the local real estate trends.
Key Takeaways
- St. George housing market offers affordable options between $300,000-$400,000
- Population expected to grow significantly through 2060
- 35% of available properties are new construction
- Homes consistently sell at 97-98% of listed prices
- Median home prices projected to reach $550,300 by 2025
Current State of St. George’s Housing Market
The St. George real estate scene is changing fast, with good news for affordable homes in Utah. Buyers and investors see a strong market with signs that make St. George homes more appealing.
Market Stability and Growth Trends
St. George’s housing market is showing strong signs of life in 2025. Important numbers give us a clear picture:
- Median home price hit $500,000 in December 2024
- Home prices are expected to go up by 4.1% in 2025
- There are now 315 homes on the market
- Home sales have grown by 2.9%
Days on Market Statistics
The local real estate scene is showing some interesting changes. The average time a home stays on the market is now 100 days. This is a 20.9% jump from before, showing a more balanced market for everyone.
“St. George continues to be an attractive destination for homeowners seeking value and opportunity in the Utah real estate market.” – Local Real Estate Expert
Price Acceleration Patterns
St. George’s pricing trends show a complex market. With a median price per square foot of $269 and homes selling near their asking prices, the market is competitive but reachable for those looking for affordable homes in Utah.
- 2-bedroom homes saw a 12.8% increase in availability
- 3-bedroom properties experienced a 17.4% rise
- 4-bedroom listings grew by 13.8%
These trends highlight St. George’s promise for affordable homes, attracting first-time buyers and investors.
Understanding Housing Affordability in Washington County
Washington County’s housing market is complex. It offers moderately-priced homes in St. George. Yet, 41% of households earn less than the moderate income. This makes finding a home a challenge that requires careful planning.
The 2022 Area Median Income (AMI) is $83,900. This number is key for finding affordable homes in St. George. It helps people see if they qualify for affordable housing programs.
“Affordable housing isn’t just about price—it’s about creating opportunities for sustainable community growth.”
There are big challenges in the area:
- There aren’t many moderately-priced homes in St. George.
- First-time buyers face income limits.
- There’s a high demand for affordable housing.
- The real estate market is very competitive.
Looking for affordable living in St. George? Consider different housing options. Condominiums and townhomes are often cheaper than single-family homes. They can be a good starting point.
Here are some ways to find affordable housing:
- Look into income-qualified housing programs.
- Check out new residential developments.
- Think about different types of housing.
- Get advice from local real estate experts.
Knowing the market helps buyers make smart choices in Washington County’s real estate scene.
The Engine House Development Project
St. George is seeing a big change with the Engine House Development Project. This project is a big step towards making homes more affordable in Utah. It’s focused on providing affordable housing in St. George by 2025.
This development could change how local workers find homes. It covers 12 acres and aims to meet many community needs.
Project Overview and Timeline
Here are some important details about the project:
- Total of 170 apartment units planned
- 40 for-sale homes targeting workforce demographics
- Underground parking with 1.6 spaces per unit
- 8 electric vehicle charging stations
- Estimated completion by June 2025
Impact on Local Housing Market
The Engine House Development tackles housing issues by focusing on workers earning 50-70% of the area median income (AMI). With 99 deed-restricted affordable housing units, it aims to offer stable homes for key community members.
Accessibility Features
The design of the units ensures they meet various needs. They include:
- 46 one-bedroom units
- 74 two-bedroom units
- 3 three-bedroom units
- Maximum occupancy around 400 renters
With an $8 million investment, the Engine House Development is poised to be a key part of affordable housing in St. George. It offers hope and opportunity for local workers looking for affordable homes in Utah.
Affordable Homes in St. George Area
Looking for affordable homes in St. George opens up great chances for those on a budget. The area has many affordable homes in different neighborhoods. This makes it a great choice for first-time buyers and investors.
Some neighborhoods are known for their good prices and value:
- Twin Lakes: The cheapest option with a median home price of $139,945
- Painted Desert Estates: Offers entry-level homes starting at $424,643
- Webb Hill: A growing area with lots of possibilities
St. George’s affordable homes range from small starter homes to larger ones. This makes it a unique place for finding affordable housing.
| Neighborhood | Median Home Price | Home Price/Income Ratio |
|---|---|---|
| Twin Lakes | $139,945 | 2.00x |
| Painted Desert Estates | $424,643 | 5.00x |
| Webb Hill | $484,564 | 5.70x |
When looking for a home, think about more than just the price. Consider the location, how much it might grow in value, and how close it is to important services. Affordable housing in St. George is a chance to own a home for those who look around.
New Legislative Initiatives for 2025
Utah is changing how it tackles affordable housing with new plans. Governor Spencer Cox wants to build 35,000 starter homes by 2030. This shows Utah’s big commitment to making homes affordable.
The Utah Homes Investment Program is a big step forward. It has $300 million in public funding. This program is all about making homes more accessible in St. George and beyond.
Statewide Housing Plan Highlights
- 35,000 starter homes targeted by 2030
- $300 million public investment
- Focus on owner-occupied condominiums
- Streamlined development processes
Zoning Changes and Regulations
New laws are making it easier to build homes. The ‘statewide overlay’ idea is to make building homes faster. It aims to cut down on red tape that slows down affordable housing.
ADU Policy Updates
Changes are coming to Accessory Dwelling Unit (ADU) rules. Utah is looking at California and Colorado’s successful models. They want to make it easier to build ADUs to increase housing options.
“Our goal is to create housing solutions that are accessible, affordable, and meet the diverse needs of Utah families,” says a senior legislative advisor.
These new laws show Utah is taking a strong stance on housing. They aim to lead in finding new ways to solve housing problems by 2025 and later.
The Point Apartments Development
St. George’s housing scene is changing with the Point Apartments. This project brings affordable homes that many have been waiting for. It offers 115 units, making it easier for people to find inexpensive living.
The project is special because of its focus on affordable housing:
- 20% of units are permanently affordable
- Units are for those making 60% of the area’s median income
- There are different types of units for all kinds of households
Here’s what the units look like:
- 6 studio apartments
- 17 one-bedroom units
- 7 two-bedroom apartments
“The Point Apartments marks a big step for St. George in making housing more accessible,” says Sarah Reynolds, the local housing director.
Rent prices are very competitive for those looking for affordable homes. Studio apartments start at $903 per month. One-bedroom units start at $1,411 monthly. Two-bedroom apartments are from $1,682 per month.
The project aims to include everyone. It has units for veterans, seniors, and those with mental health issues. This makes sure that affordable living in St. George is available to many.
Riverwalk Village: A New Housing Solution
St. George is seeing a big change with Riverwalk Village. This new place offers homes that are affordable, helping meet the needs of local people.
This project is a big step forward. It’s designed to give Utah more affordable housing options, meeting the needs of the community.
Unit Types and Availability
Riverwalk Village has a wide range of homes:
- 34 affordable units for low-income families
- 8 units with project-based vouchers
- 13 market-rate units
Qualification Requirements
To live here, you need to meet certain income levels:
| Income Band | Qualification Level |
|---|---|
| 45-50% Area Median Income | Primary Target Group |
| 25% AMI Band | Special Consideration Group |
Community Amenities
Riverwalk Village offers more than just a place to live:
- 4,500 sq ft of common spaces
- Dedicated classrooms
- On-site management
“Affordable housing isn’t just about providing a roof—it’s about creating opportunities for community growth and individual success.” – Local Housing Expert
With a total area of 56,523 sq ft, Riverwalk Village is a beacon of hope for quality, accessible housing in St. George.
First-Time Home Buyer Opportunities
Entering the St. George real estate market can be tough for first-timers. But, there’s good news. Many financial help programs are out there to make buying Affordable Homes in St. George 2025 easier.
The Utah Housing Corporation has some great chances for new homeowners:
- FirstHome Mortgage Loan Program with down payment help
- Up to $20,000 for first-time buyers who qualify
- Programs start at a 620 credit score
“Homeownership is within reach for those who understand their options,” says local real estate expert.
Support varies based on your job and background. There are special grants for:
- Active-duty military personnel get a $2,500 grant
- Law enforcement officers get up to 3.5% of the purchase price
- K-12 teachers have extra help programs
Remember, there are a few key things to know. The home price can’t be over $450,000. Your income must be at or below 80% of the area’s median income. And, you can’t have owned a home in the last three years.
With the right planning and these programs, first-time buyers can make their dream of owning a home in St. George come true.
Most Affordable Neighborhoods in St. George
Finding affordable housing in St. George means choosing the right neighborhood. The city has many economical homes for sale in different areas. Each area offers its own benefits for those looking to save money.
St. George has many options for affordable housing. By doing your research, you can find great deals in various neighborhoods.
Twin Lakes Area
The Twin Lakes neighborhood is a top choice for affordable housing in St. George. With a median home price of $139,945, it’s perfect for first-time buyers and investors. It offers great value for those looking to save money.
- Median home price: $139,945
- Excellent entry-level housing market
- Attractive for budget-conscious buyers
Painted Desert Estates
Painted Desert Estates is a mid-range option in St. George’s housing market. It offers homes with a median price of $424,643. This balance of affordability and quality makes it appealing to many.
- Median home price: $424,643
- Diverse housing options
- Suitable for growing families
Webb Hill District
Webb Hill is at the higher end of affordable housing in St. George. With a median home price of $484,564, it offers premium options for those looking for value and quality.
- Median home price: $484,564
- Higher-end affordable neighborhood
- Potential for property value appreciation
Each neighborhood in St. George has its own benefits for affordable housing. Buyers should think about their budget, lifestyle, and investment goals when choosing a community.
Oak Real Estate Services and Support
Oak Real Estate is a top choice for those looking for affordable homes in Utah. Located in St. George’s heart, they offer full support for homebuyers. They help navigate the local real estate market.
Oak Real Estate focuses on Affordable Homes in St. George 2025. They provide many professional services to make buying a home easier:
- Professional home staging consultation
- New construction guidance
- Local market expertise
- Personalized property matching
Their team knows the St. George housing market well. They help clients find homes that are both affordable and of good quality.
| Service Category | Key Features |
|---|---|
| Home Staging | Maximize property appeal and market value |
| New Construction Support | Builder selection and permit navigation |
| Market Analysis | Detailed insights into local pricing trends |
Contact Oak Real Estate for expert guidance: (435) 640-7297
Your trusted partner in discovering affordable housing solutions in St. George.
Population Growth Impact on Housing Market
St. George’s housing market is changing fast because of a big increase in population. This area is growing faster than many others in the U.S., with a 28.3% rise in people over ten years. This growth affects how affordable housing is in Utah and the cost of living in St. George.
The growth in population brings both good and bad news for real estate. Recent numbers show us what’s happening:
- Every year, about 4,200 new people move here.
- The population grows by 2.7% on average.
- Changes in who lives here are changing what people want in homes.
Changes in who lives here affect how much homes cost and how many there are. Younger professionals and families are drawn to St. George’s lively community. This means there’s more demand for homes, pushing up prices. It also means we need new ways to make homes affordable and to develop cities wisely.
The growth in population affects how much homes cost. For every 1% more people, home prices go up by 0.03%. In St. George, this means more competition for affordable homes and a bigger market for them.
The future of St. George’s housing market depends on finding a balance between growth and sustainable housing plans.
Local leaders and builders are working to offer different types of homes. They aim to meet the needs of the growing population while keeping costs down. The big challenge is to provide homes that are both affordable and meet the needs of new residents without hurting the local economy.
Water Conservation in Modern Housing
Budget-friendly homes in St. George are now using new ways to save water. The Washington County Water Conservancy District says we’ll need 46,615 acre-feet more water by the early 2040s. These methods help the environment and save homeowners money in Affordable Homes in St. George 2025.
Xeriscaping is a big help in cutting down water use. New homes now have only 8% grass, using plants that don’t need much water. Water use has dropped from 391 gallons per person in 2005 to 303 gallons in 2015. This shows we’re making good progress.
Water-saving appliances and greywater systems are becoming common in new homes. The 20-year plan wants to cut water use by 18% by 2042. People can help by joining landscape rebate programs, with 1,524 already on board.
As Washington County grows, saving water is key to a sustainable future. By using smart water management, St. George is leading the way in green housing.