Location: Ogden, UT | Metro: Ogden, 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 | $1,330 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,780 | $418,851 | 0.42% | F |
| 3BR | $2,390 | $545,733 | 0.44% | F |
| 4BR | $2,850 | $682,076 | 0.42% | F |
| 5BR | $3,306 | $862,271 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 84025, located in Farmington, UT, has a population of 25,389 residents. Despite being a relatively small area, it holds potential interest for landlords and small-portfolio investors due to its rental characteristics. The percentage of renters stands at 19.0%, indicating that while there is a significant portion of the population who are tenants, the area is not heavily dominated by renters. This suggests that the demand for Section 8 vouchers might be moderate rather than high.
The median household income in this ZIP code is notably high at $127,338, which contrasts with the market rent of $1,633. To put this into perspective, the average rent consumes approximately 12.8% of the median household income. This figure is calculated by dividing the annualized market rent ($1,633 multiplied by 12 months) by the median household income ($127,338), revealing a relatively low proportion of income spent on housing compared to other areas with lower median incomes.
The Fair Market Rent (FMR) for ZIP 84025 is set at $1,520 for fiscal year 2024, which is slightly below the current market rent. However, the difference is not substantial, indicating that the rental market is closely aligned with HUD's estimates for affordable rents. This alignment can be beneficial for landlords seeking to understand the local rental landscape and adjust their pricing accordingly to remain competitive while also attracting tenants eligible for Section 8 vouchers.
A landlord in ZIP 84025 should expect a tenant profile that includes individuals and families who may have higher-than-average incomes but still seek affordable housing options through Section 8 vouchers. Given the high median income and moderate renter population, the typical tenant might lean towards middle-income earners looking for more affordable living conditions. These tenants would likely be sensitive to rent prices and would prefer properties that offer good value for money, balancing quality with affordability.
In conclusion, while ZIP 84025 is not a renter-heavy area, it still offers opportunities for landlords interested in Section 8 tenants. The key lies in understanding the balance between market rents and median incomes, as well as the availability of vouchers. Landlords should focus on providing well-maintained properties that offer solid value, appealing to the middle-income segment of the rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.