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Utah housing forecast: Market will remain hot, but price increases could slow by 2023
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HoduCC Has Made It to the Gartner s Category Leaders & Frontrunners List - May 2021
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Drive in any direction through Washington County, Utah and you’ll soon see yellow bulldozers piling up mounds of red dirt and black lava rock to make way for yet another housing development. According to the recent U.S. census, Utah was the fastest-growing state in the nation between 2010 and 2020, increasing its population at a blisteringly fast rate of 18.4%. And in its southwest corner, Washington County, with its stunning vistas, National Park access, recreation opportunities and warm, sunny climate led the state in that trend, attracting nearly 50,000 new residents over the last decade, a 36% increase over its 2010 population.
Those 50,000 new people are just the beginning of a growth pattern projected by the Gardner Institute to flood Washington County with 321,000 additional residents over the next 45 years, to reach a local population of 509,000 by 2065. That number of people 80% of the current population of Las Vegas will require a lot of water in this desert landscap
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