Location: Ogden, UT | Metro: Ogden, UT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
U.S. Census Bureau data (2024)
ZIP code 84018 is located within the Ogden, UT MSA metro area. The Fair Market Rent (FMR) for ZIP 84018 is set at $1480 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors who participate in the Section 8 housing voucher program.
In comparison to typical ZIP codes within the Ogden, UT MSA, 84018 stands out due to its specific characteristics. Notably, the market rent and home values for this ZIP code are currently not available, which suggests limited private rental activity and possibly a focus on government-assisted housing options.
The renter share in 84018 is reported at 0.0%, indicating that virtually all residents are homeowners rather than renters. This statistic contrasts sharply with the average ZIP code within the Ogden MSA, where there is typically a higher percentage of renters. Such a low renter share might imply that 84018 is predominantly a residential area with less emphasis on rental properties.
Given the absence of market rent and home value data, it is reasonable to infer that 84018 is likely a value pocket within the Ogden MSA. The reliance on FMR, which is often lower than market rates, further supports this conclusion. Landlords and investors should be aware that the economic dynamics of this ZIP code suggest a niche market heavily dependent on Section 8 vouchers.
The lack of divergence between the FMR and potential market conditions due to the unavailability of market rent data means that investors must rely on the FMR as a primary indicator of rental income. However, the low renter share does not signal a typical Section 8 sweet spot, where high renter share is often accompanied by below-average home values. Instead, it highlights the unique nature of 84018 as an area where homeownership is the dominant form of residence.
For those considering investment in 84018, the focus should be on properties eligible for Section 8 vouchers and understanding the local demand for such assistance. While the ZIP code may offer fewer opportunities for traditional rental investments, it presents a valuable niche for those willing to engage with the Section 8 program.
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.