Location: Sevier County, UT | Metro: Sevier County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 84730 reveals a market that falls into the category of moderate yield with low stability. This classification is driven by the specific figures related to the Fair Market Rent (FMR), median home value, and income levels.
On the yield axis, the FMR for the metro area in fiscal year 2026 is set at $1,010, while the market rent is lower at $675. The median home value in this ZIP code stands at $360,671. Given these numbers, the potential rental income relative to the property value is modest, suggesting that while there is some opportunity for profit, it is not exceptionally high compared to the investment required. For instance, an investor could expect to earn approximately $675 per month from renting out a property, which is significantly below the FMR, indicating room for price adjustments but also signaling that the area might not be as attractive for high-yield investments.
Moving to the stability axis, the percentage of renters in the area is only 11.0%, which is quite low. This figure implies that the demand for rental properties is relatively weak, and landlords might face challenges in maintaining occupancy rates. Additionally, the median household income in the area is $89,500, which does not provide strong evidence of financial stability among potential tenants. Without a reliable metric for days on market (DOM), we cannot fully assess the speed at which properties are typically rented, but the low percentage of renters suggests that this process might be slower than in more stable markets.
In conclusion, ZIP 84730 presents a scenario where the potential for high yields is limited due to the disparity between market rents and FMRs, alongside the high median home values. The low stability, marked by a low renter population and uncertain rental dynamics, further indicates that this is not an ideal market for high-risk, high-reward strategies such as flipping. Instead, it leans towards being a steady-cashflow zone, albeit with less robust returns and tenant reliability than what would be considered highly stable markets.
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.