Iron County Fact File

I recently read some really interesting statistics concerning real estate and related matters for Iron County, so I thought I'd share some of them with you:

Renters - Out of the total population of 49,940, 16,460 are renters. What's really interesting is that 4,148 of those renters can afford to purchase their own homes!

Unemployment - Currently the unemployment rate is just 3.39%, down from 4.46% in 2015.

Employment - The number of people employed has been climbing since 2010 and a on a fairly steep increase since 2013. Current employment levels are considerably higher than before the effects of the Great Recession kicked in.

Income - Median household income is currently $50,450.

Home Prices - Median home price for Iron County stands at $228,930.

Home Price Appreciation - Home prices are forecasted to appreciate by almost 19% over the next five years.

Inventory - Available homes for sale continue at a very low level, despite continuing high buyer demand, down by 12% compared with the same time last year.

I hope you find the above information of use. It's a great time to buy or sell, as these statistics tend to suggest, so please don't hesitate to contact us to discuss your specific needs and the many opportunities in the current vibrant marketplace.