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Cap Rate Analysis: St. George, UT

Investment metrics, interactive calculators, and data-driven analysis for St. George rental properties.

Challenging for pure cash flow
Based on $440,000 median price and $1,620/mo median rent
Est. Cap Rate
2.86%
1% Rule
0.37%
Fails
GRM
22.6x
Price / Income
8.3x

Market Data

Median Home Price$440,000
Median Monthly Rent$1,620
Property Tax Rate0.55%
Population105,000
Population Growth3.5% / yr
Median Household Income$52,800
Vacancy Rate4.8%
Annual Appreciation3.2%

Cap Rate Calculator — St. George

Pre-filled with St. George medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.55% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.46%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$10,815
net operating income
Gross Rent Multiplier
22.6x
High (>15)
1% Rule
0.37%
✗ Fails
Monthly Cash Flow
$901
before debt service
Annual Breakdown
Gross Rental Income$19,440
Less Vacancy−$933
Effective Income$18,507
Less Operating Expenses−$7,692
Net Operating Income$10,815

Cash-on-Cash Return — St. George

Factor in financing to see your actual return on invested capital in St. George.

$
$110,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.80%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$123,200
$110,000 down + $13,200 closing
Monthly Mortgage
$2,151
on $330K loan
Monthly Cash Flow
$-1,211
after all expenses
Annual Cash Flow
$-14,536
before taxes
Cash Flow Breakdown
Monthly Rent$1,620
Less Expenses−$680
Less Mortgage−$2,151
Monthly Cash Flow$-1,211

Is St. George a Good Place to Invest in Rental Property?

St. George, UT has a population of 105,000 and has been growing at 3.5% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $440,000 paired with median rents of $1,620/mo produces an estimated cap rate of 2.86%.

Property taxes at 0.55% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.8% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.

At a price-to-income ratio of 8.3x, homes cost about 8.3 times the local median income of $52,800. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, St. George is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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