Elk Ridge, Utah Information
This area of the state is family focused, with more than 65 percent of the households in the city having children under the age of 18 living at home. The divorce rate is extremely low, as highlighted by the fact that a married couple heads 93 percent of the families. The average size of a family in the city is 4.52, ensuring a stable population growth and plenty of opportunities for interaction.
Elk Ridge, Utah Details
With a population of just under 2,500, Elk Ridge is aptly named due to the herd of elk that historically call this region of Utah home for the winter. While it is a small town, the city itself is an important Provo suburb in numerous respects. The area itself is only comprised of roughly 2.7 square miles, within which an estimated 401 families live with the city limits. This gives residents a small town feel, while always being close to a neighbor, particularly given the population density of roughly 662 people per square mile.
Housing Market in the Region
As is understandable given its small size and community like atmosphere, people tend to move here and stay. As such, there are relatively few houses for sale or rent at any given moment in time, further contributing to a strong overall housing market. Houses retain their value well, with rental properties not being applicable due to low availability. Families tend to stay in the area for generations, and given the small land size available in Elk Ridge, there simply is not much room for future growth.
Opportunities in the Area
As a suburb of one of the major metropolitan areas in Utah, Elk Ridge has developed into a true family environment. Adults will find numerous employment opportunities in neighboring cities, contributing to a comparatively high standard of living. Most adults either commute to work in Provo, or are homemakers. Children have ample opportunities as well, with an excellent school system and various community activities to keep them busy. This is a primary reason that this region of the state is home to so many families, and the corresponding crime rate is extremely low.
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For more than 10 years, Keyrenter has been providing property management services to thousands of homeowners across the United States. We are always committed to providing services that are comprehensive, professional and affordable for both tenants and owners nationwide. Our goal is to help homeowners manage and maintain trouble-free properties to maximize the value of their investment. Our excellent reputation, expertise and vast knowledge of property and real estate management set us among the best real estate management firms in the United States.
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