Location: Kane County, UT | Metro: Kane County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 84758 is poised for a period of stability and potential growth over the next 12-24 months, based on several key indicators. With a median home value currently at $362,331, there is a strong foundation for pricing power. The fact that the percentage of listings being reduced is not available suggests a market where sellers are holding firm on their asking prices, indicating confidence in the local housing demand.
The median days on market (DOM) figure being unavailable points to either a very active market where homes are selling quickly or a less active market where fewer transactions are occurring. In either scenario, the implication is that inventory is moving efficiently, which supports the notion of stable pricing. Landlords and small-portfolio investors should expect to maintain their current pricing strategies without significant adjustments.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,490. This figure provides insight into the rental market's potential trajectory. If the current market rent in ZIP 84758 is below this FMR, it signals an opportunity for rental price increases as the market adjusts towards fair value. Conversely, if the current market rent already meets or exceeds this figure, it indicates a balanced rental market with little room for substantial price hikes.
For long-term investors, the setup suggests a realistic appreciation thesis tied to broader economic factors and local development trends. Assuming no major economic downturns, steady appreciation can be expected due to the stable median home value and efficient market turnover. However, without specific historical appreciation rates or detailed local economic data, the exact rate of future appreciation remains uncertain. Investors should focus on maintaining property quality and positioning their properties to attract tenants willing to pay closer to the FMR, thereby increasing overall portfolio value through improved rental income.
To summarize, the combination of a solid median home value and efficient market conditions in ZIP 84758 presents a favorable environment for both owning and renting properties. Landlords and investors should anticipate maintaining their current pricing strategies while keeping an eye on rental market dynamics to optimize returns.
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.