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 | $1,440 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $3,080 |
| 5 Bedrooms | $3,573 |
| 6 Bedrooms | $4,002 |
| 7 Bedrooms | $4,322 |
| 8 Bedrooms | $4,538 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,890 | $610,853 | 0.31% | F |
| 3BR | $2,480 | $492,125 | 0.5% | F |
| 4BR | $3,080 | $735,714 | 0.42% | F |
| 5BR | $3,573 | $855,354 | 0.42% | F |
U.S. Census Bureau data (2024)
Ivins, UT, ZIP code 84738, is a suburban community with a total population of 10,050 residents. The area has a relatively low percentage of renters at 26.1%, indicating a primarily owner-occupied environment. The median household income stands at $77,993, reflecting a middle-class community where residents have stable financial situations. Median home values in the region are notably high, at $592,161, suggesting a robust housing market.
The economic landscape for rental properties in Ivins, UT, is defined by the Federal Market Rent (FMR) and the Zillow Observed Rent Index (ZORI). For fiscal year 2024, the FMR for ZIP code 84738 is set at $1,550. In contrast, the ZORI indicates that the average market rent is significantly higher at $2,138. This gap highlights a potential opportunity for landlords who can manage properties effectively to capture the difference between the government-subsidized rates and the actual market demand.
Given these figures, ZIP code 84738 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the presence of a stable tenant base through the Section 8 program ensures a steady cash flow without the need for extensive property management. On the other hand, value-add buyers can leverage the higher market rents to improve property values and generate additional income through renovations and strategic pricing.
In conclusion, Ivins, UT, offers a balanced investment environment for Section 8 participants. With a median income above the national average and a strong housing market, the area supports both passive and active investment strategies, making it a viable option for various types of real estate investors.
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.