Location: Iron County, UT | Metro: Iron County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 84714 stands out due to its unique characteristics. With only 779 residents, it has a notably low population density. Despite this, only 5.3% of the residents are renters, indicating that homeownership is prevalent even in this small community. The median income of $58,155 suggests that while it's not a high-income area, it is also not economically distressed. However, the lack of data on median home value and market rent rates poses a challenge for a comprehensive analysis.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,120. This figure is crucial for landlords and investors as it represents the maximum amount that can be charged to tenants participating in the housing choice voucher program. Without specific market rent data for ZIP 84714, it's difficult to assess how competitive this FMR rate is. Landlords should monitor local rental trends closely to ensure they remain competitive and comply with federal guidelines.
The data signature for ZIP 84714 reads as stable rather than transitional. The high percentage of homeowners indicates a settled community, and the median income level suggests economic stability without extreme wealth or poverty. However, the limited data available means that any changes in the local economy could quickly alter this assessment. Investors should stay informed about local developments and economic indicators to make well-informed decisions.
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.