Location: Iron County, 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 | $1,420 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $3,060 |
| 5 Bedrooms | $3,550 |
| 6 Bedrooms | $3,976 |
| 7 Bedrooms | $4,294 |
| 8 Bedrooms | $4,509 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,460 | $764,296 | 0.32% | F |
| 4BR | $3,060 | $887,564 | 0.34% | F |
| 5BR | $3,550 | $987,209 | 0.36% | F |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 84757 in relation to Section 8 housing reveals several critical issues that could impact landlords negatively. Tenant turnover is a significant concern, with the market rent at $1,591 being notably lower than the Fair Market Rent (FMR) of $1,670 for FY 2024. This discrepancy suggests that tenants might be more inclined to leave when they find better rental deals, leading to higher vacancy rates and increased management costs.
Vacancy exposure is another challenge, as the Days on Market (DOM) is listed as N/A, indicating a lack of recent data on how long properties typically remain vacant before being rented. Given the typical home value of $817,335 and a median income of $85,104, there is a substantial gap between property values and household incomes, which can lead to deferred maintenance. Landlords may struggle to maintain properties adequately due to limited financial resources among tenants, potentially resulting in costly repairs and maintenance issues.
However, these risks must be weighed against the high renter density in ZIP 84757, where 17.9% of residents are renters. High renter density usually translates into a greater demand for rental housing, including those supported by Section 8 vouchers. This increased demand can stabilize the rental market and provide a steady stream of potential tenants, even if individual tenant turnover remains high.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 84757 is moderate.
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.