Location: Garfield County, UT | Metro: Garfield County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84718 stands at $1,070 for the fiscal year 2026, indicating a stable rental market. However, the lack of specific data on market rent, price-cut share, days on market (DOM), and median home value suggests a less transparent housing landscape, possibly due to limited availability or variability in property listings. This snapshot points towards a scenario where demand could be closely matching supply, or perhaps slightly exceeding it, given the absence of significant price reductions or extended periods on the market.
The 24.5% renter share is noteworthy. It implies that nearly a quarter of the population in 84718 relies on rental properties, which can exert persistent pressure on the housing market. Landlords and small-portfolio investors should anticipate a steady need for rental units, as this percentage indicates a substantial segment of the community that prefers or requires renting over owning. This dynamic supports the idea that rental properties will continue to be in demand, making ZIP 84718 an attractive investment area for those interested in the rental market.
Without historical data, we cannot definitively state whether the market is trending towards higher rents or more vacancies. However, the FMR figure provides a benchmark for landlords to set competitive rental prices, ensuring they remain within the range that tenants can afford based on regional standards. The FMR also serves as a guideline for housing assistance programs, potentially influencing the number of renters who might qualify for subsidies, thereby affecting overall demand.
To better understand the immediate dynamics and make informed decisions, landlords and investors should monitor local real estate trends, engage with local realtors, and track rental vacancy rates and average rental prices as they become available. These actions can help in adjusting strategies to align with the evolving needs of the rental market in 84718.
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.