Can You Afford to Buy a Home in St. George?
The median home in St. George costs $465,600. To afford it at current mortgage rates with 20% down, you need a household income of about $125,657/year. Your monthly payment would be around $2,932, including taxes and insurance.
Based on national median home values adjusted by St. George’s Regional Price Parity (97.32). Current 30-year fixed rate: 6.52% (Freddie Mac, as of Jun 11, 2026). Methodology
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
Monthly payment breakdown
$465,600 home, 20% down, 6.52% rate, 30-year fixed
Rent vs. buy in St. George
Buying costs $1,357/mo more than renting, but you build equity. Over 5 years at current appreciation rates, homeowners in similar markets have gained significant equity.
What can you afford in St. George?
Home price you can afford at each salary level (28% DTI, 20% down)
| Salary | Home you can afford | Monthly payment |
|---|---|---|
| $50K | $117K | $2,932 |
| $75K | $232K | $2,932 |
| $100K | $347K | $2,932 |
| $125K | $463K | $2,932 |
| $150K | $578K | $2,932 |
| $200K | $808K | $2,932 |
Based on 28% front-end DTI ratio, 20% down payment, 6.52% 30-year fixed rate, 1.1% property tax, ~$150/mo insurance.
Can common careers afford a home in St. George?
Local median salary vs. the $126K needed to buy
Frequently asked questions
What salary do I need to buy a home in St. George?
To comfortably afford the median home ($465,600) in St. George with a 20% down payment and current mortgage rates, you need a household income of about $125,657. That keeps your housing costs at or below 28% of your gross income, which is the standard lender guideline.
How much does a house cost in St. George?
The median home price in the St. George, UT metro area is $465,600, based on the Census ACS 2023 median home value for the metro. Prices vary widely by neighborhood. A 20% down payment would be $93,120, or $23,280 at 5% down.
What would my monthly mortgage be in St. George?
On a $465,600 home with 20% down at current rates, your estimated monthly payment would be $2,932 including principal, interest, property tax, and insurance. With only 5% down, add about $184/mo for PMI.
Is it cheaper to rent or buy in St. George?
Median 2-bedroom rent in St. George is $1,575/mo (HUD Fair Market Rent). The estimated mortgage payment on the median home is $2,932/mo. Buying is significantly more expensive monthly, though you build equity.