Location: Iron County, UT | Metro: Iron County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 84760 reveals a unique blend of yield potential and market stability that positions it as an intriguing investment opportunity for landlords and small-portfolio investors.
On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,220. This figure is notably higher than the market rent of $1,086. The absence of home value data suggests a rental-focused environment where the FMR could serve as a benchmark for setting competitive rents. The difference between the FMR and market rent indicates a potential upside for those willing to align their rental pricing with the federal standard.
Moving to the stability axis, the ZIP code shows a modest 12.3% of residents as renters, which is lower than typical high-renter percentage areas. This percentage suggests a relatively stable demand for rental properties but also implies limited growth potential compared to markets with a higher percentage of renters. Additionally, the median household income in the area is listed at $42,465, providing insight into the economic capacity of the local population to sustain rental payments. The lack of data regarding days on market (DOM) makes it challenging to assess the speed at which vacancies can be filled, but the income figure supports a reasonable expectation of timely rent collection.
Based on these figures, ZIP 84760 does not fully qualify as a high-yield/low-stability flip-style market due to the limited data on vacancy rates and the relatively low percentage of renters. However, it also doesn't fit neatly into the steady-cashflow category given the disparity between the FMR and market rent. Instead, it represents a middle ground, offering a moderate yield potential with the ability to increase rental income closer to the FMR, balanced against a stable yet not robustly growing rental base.
Investors should focus on properties that can achieve rents close to the FMR without overpricing themselves out of the market. The combination of a slightly above-market rent potential and a stable income level makes this ZIP code suitable for those looking to balance yield and stability in their investment portfolios.
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.