South Jordan Property Management

Investing Insights For South Jordan

Before jumping into the pros and cons of investing in South Jordan, let’s take a moment to study the city's demographics. South Jordan has a population of between 80,000 to 90,000 people and is growing at a steady rate. South Jordan residents have a higher average household income than nearby cities, $100k and rising, and have a low poverty rate of 2.75%. 

Pros of Investing in South Jordan

South Jordan’s housing market is primarily made up of owner-occupied units, with only 17% available for renters; thus, providing you with a variety of renters jumping at the chance to score your rental property. Your renter demographic is largely made up of young professionals and young families who want the benefits of living in South Jordan. The city provides excellent educational resources from pre-k to university level, maintains a lower crime rate than the rest of Utah (a state with one of the lower crime rates in the country), and has a lower cost of living than the other similar cities in the state. 

Cons of Investing in South Jordan

While rental prices are partially dependent on which neighborhood in South Jordan you are located in, you will still have a higher-than-average priced rental comparably. However, due to this, this may restrict your renter options. Fortunately, with the continual growth of the city and the new development of Daybreak, more homes are being built therefore driving more renters into the area. 

Investor Snapshot

South Jordan Home Prices:

As of April 2021, the South Jordan home pricing is as follows: 

• Price Range: $165k to $1.7M
• Median List Price: $450k
• Trending: Realtor.com reports that the home prices in South Jordan have been consistently on the rise. By February 2021, the median list price of homes has increased 12.5% year-over-year. According to Zillow, South Jordan's housing market has risen in value significantly over the past five years, with the median home price going from $371k in 2016 to over $536k today. 

South Jordan Rental Rates:

As of April 2021, the South Jordan rental rates are as follows: 

• Price Range: $1,000 - $2,000
• Average Rent: $1,389
• Trending: There has been a 3% increase compared to 2020. 

Property Management In South Jordan with Utah Property Solutions

Do you have a rental property in South Jordan that you would like to turn into a rental unit but don't have the time, energy, or desire to manage it yourself? Utah Property Solutions is your answer to a successful rental property! Give us a call today for a free rental analysis. Plus, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We have a month-by-month management agreement that owners can cancel at any time with a 30-day notice. Do you want to learn more? Check out our vlog for more information!