Location: Piute County, UT | Metro: Piute County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 84750 is situated in a rural area of Utah, characterized by a small population of 518 residents. This community is predominantly owner-occupied, with only 3.1% of the population being renters. The median household income here stands at $28,750, which is notably lower than the national average. Given the lack of specific data on median home values and market rents, we must rely on the broader context provided by the Federal Market Rent (FMR) to understand the rental landscape.
In terms of rent economics, the FMR for ZIP 84750 is set at $1,150 for fiscal year 2026. This figure is crucial for landlords and investors involved in Section 8 housing, as it represents the maximum amount the government will pay for a rental unit. Without a specific market rent figure, it's challenging to assess how competitive this rate is against local private rentals. However, given the low median income, it's reasonable to assume that the FMR could be a significant portion of potential tenants' budgets, making Section 8 units particularly attractive.
Considering the characteristics of ZIP 84750, it appears well-suited for a hands-off voucher operator rather than a hands-on value-add buyer. The small population and high percentage of homeowners suggest limited demand for rental properties, and the reliance on Section 8 vouchers means that rental income is relatively stable but may not offer opportunities for substantial growth or renovation projects. For those looking to manage a portfolio with minimal tenant turnover and maintenance needs, this ZIP code presents an appealing option.
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.