Woods Cross Property Management

Investing Insights

Before determining whether Wood Cross is the right investment opportunity for you, it is critical to take a peek at this town’s demographics. The U.S. Census reported that Wood Cross has a population of over 11,000 people as of 2019. It was also reported that Woods Cross has a median household income of just over $77,000 and a poverty rate of 7.5%. 

Pros of Investing in Woods Cross

Woods Cross is an ideal location to invest in as it combines both small-town living and big city access. The lower cost of living appeals to many singles, couples, and young families who don’t want to live in the city center. Thus, many residents commute into Salt Lake City or the international airport for work, as it is less than ten miles away. Additionally, there are affordable housing investment options that can be turned into profitable rental property. 

Cons of Investing in Woods Cross

Woods Cross is a small town, and with small towns come small town downsides. There is not much in the way of entertainment, restaurants, shopping, or nightlife. To access most entertainment options, residents either need to commute into the city or to the edges of town to access the natural areas. Luckily, everything is close by, so it isn't that big of a con. 

Investor Snapshot

Woods Cross Home Prices:

In April of 2021, the statistics for Wood Cross’s buying market are as follows:

Price Range: $330K to $1.8M

Median List Price: $384K

Trending: Woods Cross hasn’t seen quite as steep an increase compared to other Utah cities, with only a 7.4% year-over-year increase. According to Zillow, Woods Cross’s median listing rates have increased from $257K to what we see today. 

Woods Cross Rent Rates:

In April of 2021, the statistics for Wood Cross’s renting market are as follows:

Price Range: $800-$4,200

Average Rent: $1,797

Trending: Woods Cross has seen a 3% increase in its renting rates since the previous year. 

Utah Property Solutions – Property Management In Utah

Do you want to invest in the small town of Woods Cross and create a successful rental property? We are here to help you! Give us a call today for a free rental analysis. In addition, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We provide 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!