Location: San Juan County, UT | Metro: San Juan County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market in ZIP code 84534 presents a dynamic environment that is indicative of ongoing shifts in housing demand and supply. With a Fair Market Rent (FMR) set at $970 for the fiscal year 2026, it's clear that the federal guidelines aim to reflect an increase over the current market rent of $796, as reported by the Census Bureau's American Community Survey (ACS).
The discrepancy between the FMR and the actual market rent suggests that there might be a growing demand for affordable rental units, especially those qualifying under Section 8 programs. This could point towards a scenario where supply is struggling to keep pace with demand, particularly in the lower to mid-range rental sector. The lack of specific data on price-cut share and days on market (DOM) makes it challenging to provide a definitive analysis on the current state of supply versus demand, but the upward trend in FMR implies a potential tightening of the rental market.
A 18.5% renter share indicates a significant portion of the population that relies on rental housing, which can signal long-term housing pressure. In areas with a high percentage of renters, there tends to be a continuous need for rental properties, often due to factors such as job mobility, student populations, or economic conditions that make homeownership less feasible. This persistent demand can create a stable rental market, though it also means that landlords and small-portfolio investors must remain vigilant to changes in tenant preferences and local economic conditions.
In summary, while direct time-series data is not available, the current snapshot of ZIP 84534 reveals a market moving towards higher rental demands, especially within the affordable housing segment. The relatively low renter share suggests that while there is pressure, it is not at extreme levels, offering a balanced opportunity for both landlords and tenants.
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.