Location: Iron County, UT | Metro: Iron County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The ZIP code 84742 stands out due to its unique data signature, which includes a relatively small population of 386 residents and a low rental rate of only 8.9%. With a median income of $138,929, it's evident that the majority of the residents in this area are homeowners, though the median home value is not available. This makes the analysis of rental properties and Section 8 vouchers particularly challenging.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. However, without a specific market rent figure for ZIP 84742, it's difficult to assess how competitive this FMR is. The lack of market data suggests that landlords may need to rely on regional averages or consult local real estate agents for more accurate insights into the rental market.
Given the limited data available, the overall economic profile of ZIP 84742 can be interpreted as stable. The high median income indicates financial stability among the residents, but the low percentage of renters means that there is less demand for rental properties compared to other areas. For small-portfolio investors considering Section 8 properties, this ZIP code may present challenges due to the low number of potential tenants and the lack of detailed market data.
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.