Location: Sevier County, UT | Metro: Sevier County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 84711 presents a unique setup that landlords and small-portfolio investors should consider carefully. With a median home value at $418,120, the area stands out for its balance between affordability and desirability. The fact that the percentage of listings reduced is not available suggests a stable market where sellers are not feeling pressured to lower their prices. Similarly, the median days on market (DOM) being unavailable points towards a steady pace of sales, indicating that homes are finding buyers without prolonged exposure.
On the rental side, the Fair Market Rent (FMR) for ZIP 84711 is set at $1,020 for the fiscal year 2026, which aligns closely with the current market rates, also noted as N/A. This congruence signals a market where rental prices are likely to remain stable, reflecting a balanced demand and supply scenario. Landlords can expect consistent cash flows from their properties, assuming they maintain their units to meet local standards and tenant expectations.
The median home value and the stability implied by the lack of price reductions and a typical DOM suggest that there is strong pricing power in the hands of sellers. This indicates that the market is robust, and homeowners have the leverage to negotiate higher prices. For long-term investors, the realistic appreciation thesis is tied to the broader economic conditions of the region and the national housing market trends. While specific appreciation rates cannot be predicted, the current data points to a market that will likely see gradual growth, driven by factors such as population increases, job creation, and infrastructure development.
To capitalize on this market, investors should focus on acquiring properties below the median home value, particularly those that can be renovated to command higher rents or sale prices. Additionally, diversifying investment portfolios across different property types and locations within the ZIP code can mitigate risks associated with localized downturns. The setup in ZIP 84711 supports a long-term holding strategy, with the potential for steady appreciation and rental income growth.
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.