Location: Sevier County, UT | Metro: Sevier County, UT
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 | $920 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,650 | $377,786 | 0.44% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 84754 presents a nuanced landscape for landlords and small-portfolio investors, particularly when considering both the purchase and rental sides of the equation. The median home value stands at $393,481, indicating a stable residential property base. However, only 0.1% of listings have been reduced, suggesting that sellers maintain significant pricing power. This is further reinforced by the absence of data on the median days on market (DOM), which typically points to quick sales and strong demand.
On the rental side, the Federal Market Rent (FMR) for ZIP 84754 is projected to reach $1,110 by fiscal year 2026, while the current market rent is estimated at $1,056 according to the Census ACS. This gap between the FMR and actual market rent signals an upward trajectory for rental rates, driven by government benchmarks often used for subsidized housing programs. Landlords can expect a gradual increase in rental income as the market adjusts to meet these higher standards.
For long-term investors, the data suggests a cautious approach to expectations of rapid appreciation. The slight reduction in listings and the stable median home value point towards a market that is neither overheated nor undervalued. Instead, the setup implies a steady growth scenario, where property values are likely to rise in line with inflationary pressures and broader economic trends rather than through speculative bubbles.
A key consideration for investors is the balance between rental yields and capital appreciation. With rental rates expected to inch upwards, the focus should be on maintaining competitive rents to attract and retain tenants. Simultaneously, the potential for modest capital gains exists, but it will be incremental and tied to broader economic factors rather than sharp spikes in demand.
In conclusion, the real estate environment in ZIP 84754 supports a strategy of holding properties for steady, long-term gains. The pricing power evident in the listing reductions and the projected increase in rental rates provide a solid foundation for investment decisions, emphasizing the importance of strategic pricing and management practices to maximize returns.
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.