The Beehive State is a wondrous landscape that features seemingly otherworldly formations and lots of national parks. Utah is definitely a paradise for an outdoorsy person due to all of the trails, paths, and natural beauty to take it in; the landscape in this state is what feeds its major tourism industry throughout the year. Utah’s population is modestly growing annually at a steady 1.4 percent, though some of that amount are transplants while the rest are new births in-state. Job growth in Utah continues at 2.5 percent and unemployment sits at 3.6 percent. The median household income is $45,726 and the median family income is $51,022 annually.
As of January 2015, the median value of owned homes in Utah was $208,600 and the median asking price was $260,000. Major industries in the state include tourism, mining, agriculture, information technology, finance, and petroleum. Some of the major metro areas in Utah include Salt Lake City, Provo, West Valley City, West Jordan, and Sandy Hills.
Schools rank mostly average to high throughout the state as Utah ranks highly in the nation for education. Utah is home to many excellent universities such as the University of Utah, Brigham Young University, Utah State University, and Weber State University. In terms of annual crime, violent crime rates are below the 3.8 per 1,000 residents national average with 2.24 while property crime is 29.5 per 1,000 residents and is slightly higher than the 27.3 national average.
Utah is plentiful in its scenic eye candy and points of interests that include Zion National Park, Bryce Canyon National Park, Arches National Park, Canyonlands National Park, and Temple Square. By getting a Rent to Own property in Utah, you will be able to take advantage of the relatively low home pricing in conjunction with lower mortgage rates in case you need extra time to fix credit or cash flow before your purchase. If grand scenic panoramas and natural open space is something you desire, make Utah your next consideration!