Location: Sanpete County, UT | Metro: Sanpete County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 84630 stands out due to its relatively low population of 471 residents, with a significant portion, 26.7%, renting their homes. The median income here is $75,833, which places it above the national average but lacks context without a median home value figure. This absence suggests that detailed housing market data might be limited, possibly due to the small size of the area.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,350. However, without a comparative market rent figure, it's challenging to gauge the exact impact of these vouchers on the local rental market. Typically, landlords should aim to align their rents with the FMR to attract tenants with vouchers, ensuring steady occupancy and income.
The data signature for ZIP 84630 reads as transitional. With a small population and a notable percentage of renters, the dynamics of the rental market can shift quickly. Landlords and small-portfolio investors need to keep an eye on broader regional trends and be prepared to adjust their strategies accordingly. While the median income provides some stability, the lack of detailed housing metrics indicates that the area could be evolving, making it important for investors to stay informed about any changes in the local economy and housing demand.
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.