Location: Piute County, UT | Metro: Piute County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 84732 is situated in a predominantly owner-occupied neighborhood with a total population of 21 residents. There are no renters reported in this area, indicating that it is almost entirely composed of homeowners. The median household income and median home value data for this ZIP code are currently unavailable, which suggests that the area might be too small or unique for standard statistical analysis.
Despite the lack of comprehensive data, the Fair Market Rent (FMR) for the metro area covering ZIP 84732 has been set at $970 for fiscal year 2026. This figure represents the government's estimate of the average rent for a modest apartment in the region, which is used to determine payment standards for housing assistance programs such as Section 8. However, the actual market rent for the area is also not available, making it difficult to compare the FMR against typical rental rates.
Given the characteristics of ZIP 84732, it would likely be challenging for a hands-off voucher operator to find suitable properties. The absence of renters and limited population size suggest that there is little demand for rental housing in this area. Conversely, for a hands-on value-add buyer interested in transforming owner-occupied properties into rental units, the opportunity might be more appealing. However, the success of such an endeavor would depend on understanding the local real estate market dynamics, including potential barriers to entry and the feasibility of converting homes into rentals.
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.