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ST. GEORGE — The place with the least affordable housing in Utah is none other than the town of Springdale, according to UnitedStatesZipCodes.org.
The site calculates the affordability of a town’s housing by dividing the median home price by the residents’ median household income, and anything under 3 is considered affordable.
Utah’s median score is 4 and has risen by 6.1% this year. Springdale, which ranked No. 1, received a score of 12.7, with the median home price being $551,900 and the median income $61,471.
Springdale is followed by neighboring Rockville in second place with a score of 10.2, based on a median home price of $333,300 and a median income of $50,625. Kanarraville ranked third with a score of 9.7.
The area with the most affordable housing is Monument Valley, whose median home value of $34,600 and median household income of $18,750 gave it a score of 1.5 in affordability. Monument Valley was closely followed by Tridell with a score of 1.6 and Hinckley with a score of 2.
While Park City beat Springdale for the most expensive housing, with an average home price of $729,900, its median household income is also significantly higher at $83,202, making the expensive cost of living more affordable for the people living there and giving it a housing affordability score of 9.1.
Read the full article at St. George News.
