Location: Kane County, UT | Metro: Garfield 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 ZIP code 84762 stands out due to its unique data profile. With only 132 residents, it has a negligible rental population at 0.0%, indicating that nearly all residents own their homes. The median income in this area is $65,167, which is relatively modest compared to the median home value of $463,044. This suggests that homeownership is likely achieved through long-term savings or other means rather than current income levels alone.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,660. However, there is no available market rent data for ZIP 84762 itself, which could imply that the rental market is either non-existent or too small to be statistically significant. Given the absence of a rental market, landlords in this ZIP code would not typically benefit from Section 8 vouchers, as the demand for rental properties is virtually non-existent.
The data signature for ZIP 84762 reads as stable. The lack of rental activity and high median home values suggest a community where homeownership is the predominant form of housing. This stability could be attractive to small-portfolio investors looking for areas with low turnover and minimal competition in the rental sector. However, the limited size of the ZIP code means that any investment strategy should be carefully considered, taking into account the broader economic trends of the surrounding area.
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.