Location: Sanpete County, UT | Metro: Sanpete County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The classification of ZIP code 84642 hinges on the analysis of its yield and stability metrics. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,370, while the market rent stands at $995. This discrepancy suggests a potential for higher rental yields compared to typical market conditions, assuming landlords can secure rents closer to the FMR. However, the absence of home value data indicates a lack of historical investment benchmarks, which could be due to limited housing sales data or unique market characteristics.
Moving onto stability, the ZIP code has a rental rate of 24.7%, indicating a moderate level of demand for rental properties. The absence of days on market (DOM) data for homes could imply that either the market is predominantly rental-focused or there is insufficient data on property sales to provide meaningful insights into flipping opportunities. The median household income in the area is $66,250, which is a key indicator of the financial health and spending power of residents. This figure supports the viability of renting at market rates but does not guarantee higher yields without additional market penetration strategies.
Based on these figures, ZIP code 84642 leans towards being a steady-cashflow zone. The higher FMR compared to market rent suggests an opportunity for increased returns if landlords can effectively price their rentals. However, the moderate rental rate and median income indicate a stable environment rather than a volatile, high-risk market suitable for flipping. The lack of home value and DOM data further reinforces the focus on rental yields over speculative home value appreciation.
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.