Location: Uintah County, UT | Metro: Uintah County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 84026, located in Uintah County, UT, reveals key insights for potential Section 8 landlords and small-portfolio investors.
The rent math does not work in favor of landlords at this time. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,110. However, the market rent is listed as N/A, which indicates that either the market rent is below the FMR or there is insufficient data to make a comparison. In either case, the lack of market rent data suggests that landlords might not be able to command higher rents outside of the Section 8 program.
Acquisition in this ZIP code is challenging due to the absence of specific data on median home values, days on market (DOM), and the percentage of homes needing price cuts. Without these figures, it's difficult to assess the affordability of property acquisition relative to the income generated by Section 8 tenants. This ambiguity can make investment decisions risky.
Tenant demand is present but limited by the size of the population. With a total population of 565, and 40.3% of those being renters, the pool of potential tenants is relatively small. This means that landlords will have fewer options when it comes to selecting tenants, and competition for available rental units could be fierce among existing properties.
In conclusion, while there is a clear tenant demand in ZIP 84026, the lack of comprehensive data on market rents, median home values, DOM, and price-cut shares makes it a less attractive option for Section 8 landlords and small-portfolio investors. The FMR at $1,110 may not align with the local rental market, and the limited population size restricts the pool of potential tenants, which could lead to difficulties in filling vacancies. Therefore, caution is advised before making any significant investment decisions in this area.
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.