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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

9083 W Highway 56 Cedar City, UT 84720

0 Beds 2 Baths 2,439 sqft Built 1977
Last updated:  Jun 30, 2018

INVESTimate

$278,388

$252K - $304K

Price Est.

$1,333

$1.2K - $1.4K

Rent Est.

$300,659  ( +8%)   1 YR EST. FORECAST
  
  
  

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9083 W Highway 56 PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $114.14
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,439 sqft
  • Baths : 2 Full

9083 W Highway 56 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CANYON VIEW MIDDLE SCHOOL Middle Regular 885 35 7
CANYON VIEW HIGH SCHOOL High Regular 988 45 6

CANYON VIEW MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 885
  • # of teachers: 35
7
GreatSchools Rating

CANYON VIEW HIGH SCHOOL

  • Education Level: High
  • # of students: 988
  • # of teachers: 45
6
GreatSchools Rating
 

Financial Details

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Neighborhood

CEDAR CITY

  • 21,662

    POPULATION
  • 7,146

    HOUSEHOLDS
  • 65.2%

    WHITE COLLAR

Neighborhood : CEDAR CITY

HOUSEHOLDS
7,146
POPULATION

21,662

39.9%Renters
60.1%Home Owners
LABOR FORCE

 

65.2%White Collar
34.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,388 per month.

MY RENT : $1,388 MEDIAN RENT : $1,125

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.8%
$900-999 5.1%
$1,000-1,499 86.0%
>=$1,500 1.1%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,388 would therefore be considered affordable for annual household incomes greater than $55,520 (12 months x 3.333 x $1,388).

Rent % Affordability
Above $500 78.4%
Above $700 67.9%
Above $1,100 51.7%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 2,895 of households in this neighborhood have a total annual income of $55,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,388 per month.

MINIMUM INCOME RANGE : $55,520

Income % Distribution
<$20K 21.6%
$20K-$35K 19.9%
$35K-$60K 19.5%
$60K-$100K 24.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

22% of the working population has a commute time of 15 to 44 minutes, 72% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.4%
5-9 mins 39.6%
10-14 mins 20.1%
15-19 mins 11.9%
20-29 mins 5.4%
30-44 mins 4.3%
45-59 mins 3.4%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,388 per month.

MY RENT : $1,388 MEDIAN RENT : $1,125

Rent % Distribution
$500-699 0.0%
$700-899 7.8%
$900-999 5.1%
$1,000-1,499 86.0%
>=$1,500 1.1%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,388 would therefore be considered affordable for annual household incomes greater than $55,520 (12 months x 3.333 x $1,388).

Rent % Affordability
Above $500 78.4%
Above $700 67.9%
Above $1,100 51.7%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 2,895 of households in this neighborhood have a total annual income of $55,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,388 per month.

MINIMUM INCOME RANGE : $55,520

Income % Distribution
<$20K 21.6%
$20K-$35K 19.9%
$35K-$60K 19.5%
$60K-$100K 24.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

22% of the working population has a commute time of 15 to 44 minutes, 72% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.4%
5-9 mins 39.6%
10-14 mins 20.1%
15-19 mins 11.9%
20-29 mins 5.4%
30-44 mins 4.3%
45-59 mins 3.4%
>60 mins 3.0%

CEDAR CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.4%
Construction 7.3%
Educational Services 21.3%
Health Care & Social Assistance 11.5%
Manufacturing 6.6%
Retail & Wholesale Trader 15.1%
Other 26.8%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 46% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.8%
15-19 9.3%
20-24 15.4%
25-44 24.6%
45-65 17.1%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Construction 12.6%
Healthcare 6.3%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 13.4%
Production & Transportation 12.4%
Sales & Office 23.2%
Other 16.4%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 21.4%
Masters Degree 7.5%
Some College 29.2%
Some High School 4.8%
Other 29.1%

9083 W Highway 56 Comps

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9083 W Highway 56, Cedar City, UT 84720 is a single family home of 2,439 sqft. HomeUnion INVESTimateĀ® for 9083 W Highway 56 includes a Price Estimate of $278,388 and a Rent Estimate of $1,333. This single family home has 0 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 5.75% and Total Return of 23.72%. The estimated 1 year forecast in home value for 9083 W Highway 56 is 8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in UT , IRON County , or the 84720 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2