Location: St. George, 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 | $1,090 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,870 | $377,734 | 0.5% | F |
| 4BR | $2,370 | $457,531 | 0.52% | F |
| 5BR | $2,749 | $569,269 | 0.48% | F |
U.S. Census Bureau data (2024)
The market in ZIP 84725 presents a dynamic equilibrium, with the Fair Market Rent (FMR) for the area set at $1310 for fiscal year 2024, closely aligning with the reported market rent of $1,309 based on Census American Community Survey (ACS) data. This suggests that rental prices are in line with what the government deems fair, indicating a stable but competitive market.
The median home value of $419,490 reflects a relatively high cost of ownership, which could be indicative of a robust local economy capable of supporting higher property values. However, without specific data on the days on market (DOM) or the percentage of price-cut share, it's challenging to definitively state whether supply outpaces demand or vice versa. The absence of these metrics might imply either a balanced market or a lack of significant fluctuations in recent sales activity.
A key indicator of long-term housing pressure is the 11.3% renter share. This figure, while not overwhelmingly large, suggests a consistent demand for rental properties. In areas with a lower proportion of renters, there is often less pressure on landlords to maintain competitive rents or invest in property improvements. Conversely, a higher renter share can signal a tight housing market where owning a home is less feasible for many residents. At 11.3%, ZIP 84725 maintains a steady flow of renters, likely due to various factors including student populations, temporary workers, or individuals saving for a down payment.
The close alignment between FMR and market rent also points to a well-regulated environment where landlords must adhere to fair pricing practices to attract tenants. This regulation ensures that rental prices do not spike beyond what is reasonable, maintaining affordability for residents and stability for investors.
In summary, ZIP 84725 operates as a market in motion, characterized by stable rental prices and a moderate renter share. These conditions suggest a balanced market with steady demand, making it a reliable investment destination for landlords and small-portfolio investors seeking consistent returns without the risks associated with highly volatile markets.
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.