Location: Iron County, UT | Metro: St. George, UT MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,660 | $338,929 | 0.49% | F |
| 3BR | $2,180 | $410,961 | 0.53% | F |
U.S. Census Bureau data (2024)
The market in ZIP 84722, Pine Valley, UT, is characterized by a median home value of $388,103, indicating a relatively stable and potentially affluent residential area. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1360, which provides insight into the rental pricing standards established by HUD for this region.
With a 9.5% renter share, Pine Valley suggests a predominantly owner-occupied community. This low percentage of renters can imply that there is less immediate pressure on the rental market, but it also highlights the importance of rental properties for those who do not own homes. Given the lack of specific data on market rent and price-cut share, it's challenging to definitively state whether supply outpaces demand or vice versa. However, the absence of significant discounts on rents and the unspecified days on market (DOM) could indicate a balanced market, where neither landlords nor tenants are under extreme pressure.
The dynamics of this market suggest a steady environment where both homeownership and renting coexist, though homeownership appears to be more prevalent. The 9.5% renter share is indicative of a long-term trend towards homeownership, which can be beneficial for landlords and small-portfolio investors looking to maintain a stable income without the need for frequent price adjustments.
Investors should focus on the stability offered by this market, leveraging the consistent FMR to ensure their rental properties remain competitive. The high median home value also points to the potential for strong property appreciation over time, making Pine Valley an attractive location for both owning and investing in real estate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.