How many renters live in Panguitch, Utah?
The City of Panguitch has 1,702 people living in 559 households.
There are 332 renters living in 112 renter households in this City. Renters make up 19.51 percent of the population living in Panguitch.
What is the rental market like in Panguitch, Utah?
There are an estimated 701 housing units in the Panguitch area. Of these, 140 units are rental homes, making up 20 percent of the housing market. For every renter household in Panguitch, Utah, there are 1 rental units.
What is the vacancy rate for rentals in Panguitch?
The rental vacancy rate in Panguitch is 20 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Panguitch for each bedroom size?
Occupied Rental Units by Size in Panguitch
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 12 | 21 | 62 | 10 |
Occupied Rental Units by Size in Panguitch
A large number of apartments in Panguitch have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Panguitch are overburdened by housing costs?
Among renter households in this market, 20 percent have housing cost burden. Further, 10 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Panguitch
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $617 |
| One BR | $806 |
| Two BR | $905 |
| Three BR | $1,094 |
| Four BR | $1,536 |
2024 Fair Market Rents in Panguitch, Utah
How many units are rented at Fair Market Rent (FMR) in Panguitch?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 12 | 100 percent |
| Two BR | 17 | 81 percent |
Rental Units Below FMR in Panguitch, Utah
How many affordable rental units are in Panguitch?
Income Based Apartments in Panguitch, Utah
Panguitch features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Panguitch, Utah
There are 3 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Panguitch.
Housing Choice Vouchers in Panguitch, Utah
On average, Section 8 Housing Choice vouchers pay Panguitch landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Panguitch.
The maximum amount a voucher would pay on behalf of a low-income tenant in Panguitch, Utah for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
