Market Snapshot
- Median listing price
- $308K
- Median rent
- $1,550/mo
- Days on market
- 74 days
- Gross rental yield
- 6.03%
- STR vs LTR
- $1,822/mo STR · $1,550/mo LTR
The median listing price in Cedar City, UT ZIP 84721 is $308,450 as of June 2026.
The median market rent in Cedar City, UT ZIP 84721 is $1,550/month as of June 2026.
The median days on market in Cedar City, UT ZIP 84721 is 74 days as of June 2026. The market is currently neutral.
At a median list price of $308,450 and a median rent of $1,550/month, the gross rental yield in Cedar City, UT ZIP 84721 is 6.03% as of June 2026.
In Cedar City, UT ZIP 84721, median Airbnb revenue is $1,822/month compared to median long-term rent of $1,550/month as of June 2026.
Cedar City, UT 84721 Real Estate Market Report
ZIP Code: 84721
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- median sold price is not available in the provided metrics; this key transaction metric may be missing because the analyzed sample contains insufficient recent closings, so rely on listing-side and trend indicators until more completed-sale data is recorded (limited recent closings in the sample).
- median listing price is $308,450 and, combined with elevated inventory relative to sales in the analyzed sample and a median days on market of 74, this suggests slower sales velocity and greater buyer choice that may create pricing friction for sellers (balanced to softening demand).
- price year-over-year trend is up while the market temperature is neutral, indicating that although values are appreciating, transaction conditions are relatively balanced and not strongly favoring sellers or buyers; sellers should avoid assuming rapid resale pacing (neutral market temperature).
- median market rent is $1,550 and rent year-over-year trend is up, which supports sustained rental demand; with interest rate pressure reported as moderate, investors should weigh financing costs against rising rent momentum before underwriting acquisitions (moderate interest rate pressure).
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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