Location: St. George, 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 | $1,260 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,660 | $484,269 | 0.34% | F |
| 3BR | $2,180 | $881,461 | 0.25% | F |
U.S. Census Bureau data (2024)
ZIP code 84767, located in the town of Springdale, Utah, represents a small, tight-knit community with a total population of 663 residents. Approximately 35.7% of these residents are renters, indicating a modest but present demand for rental properties. The median household income in this area is $63,333, which places it squarely within the middle-income bracket. The median home value is notably high at $716,016, reflecting the premium placed on real estate in this picturesque setting.
The Fair Market Rent (FMR) for ZIP 84767 for fiscal year 2024 is set at $1110, slightly above the market rent reported by the Census American Community Survey (ACS), which stands at $1,077. This suggests that while there is a government-supported level for rents, the actual market rates are slightly lower, creating an opportunity for savvy investors to position themselves between the two figures.
Given the characteristics of ZIP 84767, it is best suited for a hands-on value-add buyer rather than a hands-off voucher operator. The relatively low percentage of renters and the high median home values indicate a market where properties can be improved to command higher rents, aligning well with a strategy focused on enhancing property value. A hands-off approach might struggle due to the limited number of renters and the competitive nature of the local real estate market. Instead, a landlord who is willing to actively manage and improve their properties will find greater success in this environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.