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 | $1,350 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,880 |
| 5 Bedrooms | $3,341 |
| 6 Bedrooms | $3,742 |
| 7 Bedrooms | $4,041 |
| 8 Bedrooms | $4,243 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,320 | $730,860 | 0.32% | F |
| 4BR | $2,880 | $857,823 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 84783, located within the St. George, UT Metropolitan Statistical Area (MSA), presents an interesting profile when compared to typical ZIP codes within the same MSA. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1430. While the market rent for this ZIP code is currently not available, the median home value stands at $773,584, which is notably higher than the average home value in the broader St. George, UT MSA.
The renter share in ZIP 84783 is 9.9%, which is relatively low compared to many other ZIP codes in the St. George, UT MSA where the renter share might be higher due to a greater concentration of rental properties. This suggests that 84783 is predominantly a homeowner-driven area rather than a rental-focused one. However, the combination of a higher-than-average home value and a lower-than-average renter share does not typically indicate a Section 8 sweet spot, which would usually have a higher renter share and lower home values.
Given the data, ZIP 84783 appears to be a premium sub-market within the St. George, UT MSA. The high median home value points to a wealthier demographic, and the lack of a significant renter population means it is less likely to attract the kind of tenants who rely on Section 8 housing assistance. Landlords and small-portfolio investors should consider this context when evaluating investment opportunities in 84783.
To further clarify the position of 84783 within the St. George, UT MSA, it would be beneficial to gather additional data on typical FMRs and market rents for the MSA. This would provide a clearer comparison and help determine if 84783 indeed stands out as a premium sub-market or if there are other ZIP codes with similar characteristics.
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.