Location: Rich County, UT | Metro: Rich County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 84086 presents a dynamic rental market landscape, particularly significant for Section 8 landlords and small-portfolio investors. With the Fair Market Rent (FMR) set at $970 for the fiscal year 2026, it's clear that the rental market here is closely tied to federal guidelines, indicating a level of stability and predictability for those who rely on Section 8 subsidies.
The absence of current market rent data suggests either a nascent market or one that is less volatile compared to other regions, where constant updates are necessary. This can be advantageous for landlords who prefer consistency over frequent adjustments. The lack of percentage price-cut share and days on market (DOM) data points towards a market that may not have high competition among landlords or a large inventory of properties available for rent, which could mean that the demand for rentals is relatively steady or slightly exceeds supply.
The median home value being listed as N/A might indicate a diverse mix of property types or values within the area, making it difficult to generalize. However, this doesn't necessarily reflect poorly on the rental market dynamics, as it focuses more on the rental segment rather than the overall property values.
A noteworthy statistic is the 19.7% renter share. This figure suggests that while a majority of residents in 84086 own their homes, there is still a significant portion relying on rental housing. This can imply long-term housing pressure as the population grows or changes, necessitating a steady supply of rental units to accommodate new renters and maintain the balance. Landlords should consider this as an indicator of potential sustained demand for rental properties, even if the immediate snapshot lacks detailed trends.
In summary, ZIP 84086 appears to be a market where demand for rentals is likely stable or slightly ahead of supply, supported by a notable renter share that signals ongoing need for affordable housing options. For investors, this ZIP code offers a reliable environment, especially when considering the alignment with federal rental standards.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.