Q2 2026: Southern Utah Rental Market Update
The Southern Utah rental market continues to show strong fundamentals entering Q2 2025. Vacancy rates remain historically low across St. George, Washington, and Hurricane. Here's what we're seeing on the ground.
Vacancy Rates Stay Low
Well-maintained properties in St. George and Washington are leasing within days of listing. Demand from relocating workers and retirees continues to outpace new supply in most segments.
Rent Growth Moderating
After two years of rapid rent growth, increases are moderating to 3–5% annually in most submarkets. Owners should focus on tenant retention — a long-term quality tenant is worth more than a marginal rent increase.
Multi-Family Demand Strong
Apartment communities in Hurricane and LaVerkin are seeing high occupancy. The value gap between single-family and multi-family rents continues to attract cost-conscious tenants.
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