Location: Daggett County, UT | Metro: Daggett County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
44.7% of residents in ZIP 84023 are renters, indicating a strong demand for rental properties in the area. The $1,020 Fair Market Rent (FMR) for the metro area in fiscal year 2026 sets a benchmark for rental pricing. However, the actual market rent, according to Census ACS data, is $235, suggesting that there is significant room for price increases without exceeding the FMR limit. Landlords can leverage this gap to maximize their returns while remaining competitive.
$361,661 is the median home value in ZIP 84023, which reflects a stable housing market. This stability is further supported by the $50,833 median income, providing insight into the financial capacity of potential tenants. Given these figures, it's evident that the cost of living in the area is moderate, making it an attractive location for both investors and tenants seeking affordable housing options.
The absence of data on days on market (DOM) and the percentage of price-cut shares suggests that the rental market in ZIP 84023 is relatively straightforward, without significant fluctuations or prolonged vacancies. This consistency can be beneficial for small-portfolio investors looking to minimize risk and ensure steady cash flow.
In conclusion, ZIP 84023 presents a favorable environment for Section 8 investments, with a substantial renter population and a fair market rent that significantly exceeds the current market rent. The median home value and income indicate a balanced market, suitable for those interested in long-term, low-risk real estate investments. Verdict: Invest.
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.