Similar to its nearby areas, it's similar compared to the United States as a whole. It's close to average compared to the city of Cedar City.
Home prices
The price of the median home in Tropic is $206,700. Compared to nearby areas it is about $4,220 (2%) higher.In comparison to the rest of the nation it is approximately $10,800 (4%) lower, and in comparison to the city of Cedar City is approximately $9,200 (4%) lower.
Rents
Tropic's median rent is $638 a month. This is approximately $118 (15%) lower compared to nearby areas.It is roughly $424 (39%) lower in comparison to the US as a whole, and compared to the city of Cedar City it is about $156 (19%) lower.
Nearby places
Cannonville
Cannonville is Tropic's neighbor to the southeast. Its real estate prices are somewhat more expensive. The median home in Cannonville is valued at $231,300, which comes out to $24,600 (10%) higher than Tropic. Its rents are significantly more expensive. The median monthly rent in Cannonville is $950, which is $312 (32%) higher than Tropic.
Bryce Canyon City
Bryce Canyon City is about 4 miles northwest of Tropic. Its housing prices are a bit more expensive. The median home in Bryce Canyon City costs $235,700, which is $29,000 (12%) higher than Tropic. Rents there are pretty similar. The median rent in Bryce Canyon City is $656 a month, which comes out to $18 (2%) higher than Tropic.
Panguitch
Panguitch is approximately 21 miles northwest of Tropic. The housing prices there are somewhat less expensive. The median home cost in Panguitch is $163,600, which works out to $43,100 (26%) lower than Tropic. Rent there is a little more expensive. Panguitch's median rent is $706 per month, which works out to $68 (9%) higher than Tropic.
Alton
Alton is approximately 24 miles southwest of Tropic. Its real estate prices are a bit more expensive. The median home in Alton costs $218,800, which is $12,100 (5%) higher than Tropic. The rent there is a little more expensive. Alton's median monthly rent is $792, which comes out to $154 (19%) higher than Tropic.
Escalante
Escalante is about 25 miles east of Tropic. Its housing prices are somewhat less expensive. The median home in Escalante costs $163,000, which comes out to $43,700 (26%) lower than Tropic. The rent there is a little more expensive. In Escalante the median rent is $678 per month, which comes out to $40 (5%) higher than Tropic.
