84721, Cedar City, UT

Home Equity and Home Prices in the 84721 Zip Code of Cedar City, UT

The Cedar City, UT 84721 zip code has a median home value of $136,000. This is lower than the national median home value of $177,500. The percentage of homes in the 84721 zip code that are worth more than $200,000 is lower than the national percentage of homes that are worth more than $200,000. The percentage of homes in the 84721 zip code that are worth less than $100,000 is higher than the national percentage of homes that are worth less than $100,000.

The Cedar City area has a low unemployment rate and a high population density. These factors may contribute to higher home values in this area. Additionally, there is a limited number of available housing units in this area which may also contribute to higher home values.

Overall, it appears that there is a correlation between high home values and low unemployment rates. It seems that areas with high populations and low unemployment rates tend to have higher home values. Areas with high populations but high unemployment rates may have lower home values due to increased competition for housing units.