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 analysis of ZIP code 84632 reveals a market that leans towards a steady cash flow zone, rather than a high-yield/low-stability flip-style market. This classification is driven by several key figures.
First, consider the yield aspect. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,300. In comparison, the current market rent stands at $1,188. This indicates a slight premium for rental properties over market value, suggesting a modest yield potential. However, the absence of a figure for home value implies that there might be limited opportunity for capital appreciation through property flipping, which typically requires a significant gap between rental value and home value.
Moving on to stability, the percentage of renters at 9.2% is relatively low, indicating that the majority of residents prefer homeownership. While this might suggest less demand for rentals, the average daily days on market (DOM) being unavailable limits our ability to fully assess rental turnover rates. Nevertheless, the median household income of $72,996 provides a strong foundation for stable rental payments, as it suggests that tenants have sufficient financial means to cover rent without significant strain.
In summary, ZIP 84632 offers a balanced scenario where the yield is moderate due to the close alignment between FMR and market rent, and the stability is supported by a robust median income, despite the low percentage of renters. Landlords and small-portfolio investors should expect a reliable cash flow with less emphasis on rapid capital gains through property flipping.
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.