Location: Sanpete County, UT | Metro: Sanpete County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 84634, located in Sanpete County, UT, reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,350. However, the current market rent, according to Census ACS data, is only $1,066. This indicates that properties in this ZIP code are priced below the FMR, suggesting limited upside potential for rental income without significant renovations or improvements.
Acquisition is challenging due to insufficient data on median home values, days on market (DOM), and the percentage of homes requiring price cuts. Without these metrics, it's difficult to assess whether buying properties in this ZIP code would be financially viable or if the market is saturated with unsold homes.
Tenant demand is relatively low. The population of 84634 stands at 3,747, with only 32.4% of residents being renters. This means that there are approximately 1,214 renters in the area, which could limit the pool of potential tenants for rental properties.
In conclusion, while there is a discrepancy between the FMR and market rents, indicating an opportunity to increase rental income, the lack of detailed acquisition metrics and the modest tenant demand suggest that investing in ZIP 84634 requires careful consideration. Landlords and investors should focus on areas where acquisition costs are clearly defined and tenant demand is higher to ensure a more profitable investment.
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.