Section 8 Fair Market Rent (FMR) for ZIP 84021 - 2027
Location: Duchesne County, UT | Metro: Duchesne County, UT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $850 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$73,819
To determine if you should buy in ZIP code 84021 for Section 8 investment, follow this decision tree:
- Does FMR $1,190 (metro FY 2026) clear debt service on a $339,577 property?
- Yes: If the Fair Market Rent (FMR) of $1,190 is sufficient to cover all costs associated with owning a property valued at $339,577, including mortgage payments, taxes, insurance, and maintenance, then proceed to the next question.
- No: If the FMR does not clear the debt service, purchasing for Section 8 in this area would not be financially viable. Consider other ZIP codes where the FMR can cover the total cost of ownership.
- Is market rent $1,064 (Census ACS) above, at, or below FMR?
- Above: If the market rent exceeds the FMR, it indicates that there is potential for higher income from non-Section 8 tenants, making the investment more attractive. However, consider the competition for non-subsidized rentals.
- At: If market rent matches the FMR, you can expect steady income but little room for growth beyond what is offered by Section 8. This scenario requires a detailed analysis of long-term stability versus potential for higher returns elsewhere.
- Below: If market rent is below the FMR, Section 8 tenants will likely provide better financial security than market-rate tenants. This makes the ZIP code more appealing for Section 8 investments, as you won't face significant downward pressure on rental rates.
- Are 13.9% renters + N/A-day days on market (DOM) enough demand?
- It Depends: With 13.9% of residents being renters, the demand for rental properties is moderate. The lack of data on days on market (DOM) suggests either a stable rental market or an underreported metric. If the rental market is stable and there's a consistent flow of Section 8 tenants, the demand is adequate. Otherwise, consider the broader economic conditions and the likelihood of attracting Section 8 tenants.
In summary, the viability of buying in ZIP 84021 for Section 8 investment hinges on whether the FMR covers your debt service, how market rents compare to the FMR, and the overall demand for rental properties. Analyze these factors carefully to make an informed decision.
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.