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 |
|---|---|---|---|---|
| 3BR | $1,990 | $570,318 | 0.35% | F |
| 4BR | $2,480 | $673,905 | 0.37% | F |
U.S. Census Bureau data (2024)
In ZIP code 84746, there are several factors that could negatively impact a Section 8 investment. First, tenant turnover is a significant concern due to the difference between the market rent of $1,413 and the Fair Market Rent (FMR) set at $1,230 for FY 2024. This gap may lead to higher churn rates as tenants seek properties that align with their budgetary constraints. Second, vacancy exposure is another risk, as the days on market (DOM) data is currently unavailable, which makes it difficult to predict how long a property might remain vacant. Lastly, deferred maintenance poses a threat given the typical home value of $633,007 and the median income of $93,889. Landlords may struggle to maintain high-quality standards without significant financial strain.
However, these risks must be weighed against the high concentration of renters in the area. With a 13.3% renter share, there is likely a robust demand for rental properties, including those that accept Section 8 vouchers. High renter density often translates into a larger pool of potential voucher holders, reducing the likelihood of extended vacancies and ensuring a steady stream of income.
The combination of these factors suggests that ZIP 84746 presents a moderate risk for a first-time Section 8 landlord. While there are challenges related to tenant turnover and maintenance costs, the strong rental market provides a buffer against some of these risks.
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.