Location: Emery County, UT | Metro: Emery County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 84518 is poised for stability and potential growth over the next 12 to 24 months, based on several key indicators. The median home value stands at $332,064, which reflects a balanced market where neither buyers nor sellers hold overwhelming advantage. Despite the lack of specific data on the percentage of listings that have been reduced and the median days on market (DOM), the median home value suggests that pricing power will remain steady, barring significant external economic shocks.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $1,190. This compares favorably to the current market rent of $1,023, according to Census ACS data. This indicates that there is room for rent increases to align with the FMR, suggesting positive cash flow potential for landlords and small-portfolio investors who can manage their properties efficiently.
For long-term investors, the setup implies a realistic appreciation thesis. With a median home value that is unlikely to experience dramatic fluctuations and a rental market showing signs of gradual growth, the investment strategy should focus on maintaining property values and increasing rental income. Over time, this could lead to a modest increase in equity and rental yields, providing a solid foundation for wealth accumulation without the volatility often seen in more speculative markets.
In summary, the combination of a stable median home value and a rental market with upward momentum positions ZIP 84518 as a reliable investment destination. Landlords and small-portfolio investors can expect steady returns from both capital appreciation and rental income, making it an attractive option for those looking to build a sustainable real estate portfolio.
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.