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 | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,000 | $604,979 | 0.33% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84779 in fiscal year 2024 is set at $1110. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the benchmark used to determine the rent subsidy paid by the Housing Choice Voucher program.
In comparison, the average rent for ZIP 84779 is $2,094, according to recent Census Bureau data. This indicates that the FMR is significantly lower than the market rate, suggesting that landlords participating in Section 8 may need to adjust their expectations regarding rental income.
The FMR of $1110 is designed to reflect the 40th percentile of market rents, meaning that it is lower than what most renters in the area would typically pay. However, the 5.7% share of renters in this ZIP code who qualify for Section 8 vouchers provides a steady, reliable tenant base. Given that the total acquisition cost for a property in this area is approximately $522,114, the Section 8 program can be a stable source of income for landlords willing to work within the program's guidelines.
To put the demand into perspective, the 5.7% share of eligible renters translates to a consistent pool of potential tenants. If you're considering your first Section 8 rental, ensure that the property meets all necessary standards for participation. The Housing Authority will conduct an inspection to confirm that the unit is safe, decent, and sanitary. Failure to meet these standards could result in a denial of tenancy or reduced payments.
A clear thing to verify before committing to a Section 8 rental is the physical condition of the property. It must comply with Housing Quality Standards (HQS), which include basic safety and habitability requirements. These standards cover a wide range of issues, from structural integrity to cleanliness, ensuring that the property is suitable for low-income families.
Participating in the Section 8 program can offer a predictable income stream, especially if you're willing to manage the property effectively and maintain it to HQS standards. With an acquisition cost of around $522,114, the property should generate enough revenue to cover mortgage payments, maintenance, and other costs associated with ownership.
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.