Location: Duchesne County, UT | Metro: Duchesne County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 84027 is situated in a rural area of Utah, characterized by a small population of just 683 residents. This community is predominantly owner-occupied, with only 1.2% of the population being renters. The median household income in this area is relatively high at $75,556, suggesting a prosperous local economy. However, specific data regarding the median home value is currently unavailable, which might indicate a limited housing market or sparse data collection in this region.
From an investment perspective, the Fair Market Rent (FMR) for ZIP 84027 is set at $1,230 for the fiscal year 2026. This figure represents the rental cost threshold for eligibility under the Section 8 program, but it's important to note that actual market rents are not available, which could imply that the rental market is either too small or not well-documented to provide reliable averages. In such a scenario, the FMR serves as a guideline for setting rental rates, ensuring they align with federal standards for affordability.
Given these characteristics, ZIP 84027 may not be ideal for hands-off Section 8 operators due to the low percentage of renters and potentially limited demand for subsidized housing. Instead, this area could be better suited for hands-on investors looking to create value through property improvements or strategic management. With a high median income and a niche rental market, there is potential for selective investments that cater to the specific needs of the few renters in the area, leveraging the prosperity of the broader community to justify higher rental rates.
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.