Rent to own Homes in Cedar City, UT
Cedar City is located in Utah's Iron Country. Like much of Southwestern Utah, the town has grown quickly since the late 1980s. Today, the town has a population of close to 30,000 people. Boasting a rich local history, the town was created by Mormon pioneers in 1851. Cedar City is located in a high desert valley, so the climate is cool and semi-arid.
Cedar City, UT is a great place for affordable rent-to-own homes! With a median household income of over $52,524 and a median rent of $809, the Cedar City, UT rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Cedar City, UT. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Cedar City, UT is seeing rapid growth and Cedar City, UT's' housing market remains not optimal with an average home price that is 5% above the 2024 national average. Cedar City, UT is part of Iron county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Iron is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Cedar City, UT
Median Rent in Cedar City, UT
6 Reasons to Live in Cedar City, UT
Fun local events! Cedar City is sometimes called Festival City because so many amazing events take place there each year. Sports fans will enjoy the Utah Summer Games at venues like the Cross Hollow Event Center. Culture lovers can bond with the bard if they attend the Utah Shakespearean Festival at the Randall L. Jones Theatre.
Enjoy outdoor activities! Hikers can take in the beautiful canyon views of Cedar Breaks National Monument. For those who enjoy winter sports, the Cedar City area tends to get heavy snows. Enjoy skiing and other snow sports at the Brian Head Resort, which is about a 40 minutes drive from town.
Great local parks! Cedar City has plenty of parks for residents to enjoy. You'll find fun playground equipment at parks such as East Canyon Park and Bicentennial Park. Many local parks also have places to play sports like volleyball and softball. Those who wish to host outdoor parties can reserve pavilions at Main Street Park and West Canyon Park.
Enjoy great local food! Cedar City has a Farmers Market that runs year round, located at 905 South Main. Vendors supply fresh local fruit and vegetables, as well as dairy products, artisan breads and treats like jam, salsa and artisan soaps. For great local eats, try Centro Woodfired Pizzeria and Pastry Pub.
Get great housing for your money! Median home prices are well below the state median for Utah. New homes for sale can be found in subdivisions like Eagle Ridge, Mountain Shadows and Canyon Ridge. Well priced rent to own options are also available in Cedar City.
Plenty of housing options! If you're interested in building a home, lots of space is available in subdivisions, including Juniper Hills. Single family homes are available throughout town, and local condo communities include Cedar Crossings Townhomes. Apartments are available in areas like Spruce Street and North Cedar Boulevard.