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 | $1,150 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,160 | $216,928 | 0.53% | F |
| 2BR | $1,520 | $326,652 | 0.47% | F |
| 3BR | $1,990 | $464,002 | 0.43% | F |
| 4BR | $2,480 | $592,733 | 0.42% | F |
| 5BR | $2,877 | $754,743 | 0.38% | F |
U.S. Census Bureau data (2024)
1230 is the Fair Market Rent (FMR) for Hurricane, UT, in zip code 84737 for fiscal year 2024, setting the maximum rental assistance payment at this level. 1987 represents the actual market rent, or ZORI, indicating that the local market charges slightly above the FMR threshold. 514,686 is the median home value in dollars, reflecting a robust housing market where property values have reached substantial heights. 24.4% is the share of renters in the area, suggesting that while a significant portion of residents are tenants, the majority own their homes. 75,545 is the median household income in dollars, providing insight into the economic status of the residents and their potential ability to afford higher rents. 61 days is the average Days on Market (DOM) for properties, which is relatively high, pointing towards a slower moving market where listings take longer to sell. 0.3% is the share of homes that were listed with price cuts, indicating a stable market where few sellers need to reduce their asking prices.
The disparity between the FMR of 1230 and the ZORI of 1987 suggests that landlords can potentially charge more than what is covered under Section 8 vouchers. This gap is particularly noteworthy given the median home value of 514,686, which indicates a strong local economy capable of supporting higher rents. However, with only 24.4% of the population being renters, the demand for rental units is not overwhelming. The median income of 75,545 further supports the idea that many residents can afford to buy rather than rent, reducing the pool of potential Section 8 participants.
The 61-day DOM figure and the low 0.3% price-cut share reveal a steady, albeit slow-moving, real estate market. For landlords and small-portfolio investors, these metrics suggest a cautious approach to pricing and marketing rental units to ensure they attract eligible tenants without overpricing the market.
Verdict: Section 8 participation in Hurricane, UT, is viable but requires careful management to align rents with both the voucher limits and the local market conditions.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.