Location: Beaver County, UT | Metro: Beaver County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The market in ZIP code 84713 presents a dynamic scenario that suggests a balance between supply and demand, leaning slightly towards demand-driven conditions. The Fair Market Rent (FMR) set at $1,210 for fiscal year 2026 indicates the government's benchmark for rental affordability in the area. This figure is notably higher than the actual market rent of $968, as reported by the Census Bureau's American Community Survey (ACS). This gap implies that there is some upward pressure on rents, as landlords might be seeking to align their rental prices closer to the FMR to maximize income.
A key indicator of market health is the price-cut share, which stands at an extremely low 0.1%. This statistic suggests that very few properties are being discounted, indicating that the market is robust and that most listings are selling at or near their asking prices. The median home value of $356,651 provides insight into the overall housing stock's worth, showing that while it is not a luxury market, it is also not inexpensive. This can point to a middle-class community where homeownership is attainable but requires significant financial commitment.
The 20.1% renter share reveals that a substantial portion of the population prefers or is compelled to rent rather than buy. This high percentage of renters can be indicative of several factors, including young professionals, students, or families who may not yet qualify for homeownership due to financial constraints or credit issues. It also suggests that there is likely ongoing pressure on rental markets, as a large number of residents rely on rentals for housing, potentially leading to a steady demand for rental properties.
In summary, the snapshot of ZIP 84713 shows a market where demand is strong enough to support rental prices near the FMR and to keep home values stable without the need for significant price adjustments. The high renter share points to a community with diverse housing needs, which can create consistent opportunities for landlords and small-portfolio investors. However, the dynamics suggest that any sudden increase in supply could lead to a shift in favor of tenants, emphasizing the importance of monitoring local market trends closely.
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.