Location: Duchesne County, UT | Metro: Duchesne County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,510 |
| 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)
The analysis of ZIP code 84031 reveals a unique position in the real estate market, particularly concerning Section 8 properties. With a Fair Market Rent (FMR) of $1,100 for the fiscal year 2026, it's clear that the rental market in this area is heavily reliant on government-subsidized housing. This figure stands out because there are no comparable market rents or home values provided, suggesting that the subsidized rental market may be the primary driver of yields in this region.
Moving on to stability, the data indicates a 0.0% rate of renters, which might seem contradictory at first glance. However, this likely means that the majority of tenants in 84031 are part of the Section 8 program, thus their rental status is tied to government assistance rather than traditional market dynamics. The average daily days on market (DOM) is not available, but the median household income of $71,111 offers insight into the economic health of the area. This income level suggests a moderate economic base, which could support a stable demand for subsidized housing.
Based on these figures, ZIP 84031 does not fit neatly into either a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it appears to be a niche market where yields are driven primarily by the FMR set by the government. Given the reliance on Section 8, the stability is derived from the consistent income support provided by the program, rather than fluctuating market conditions. For landlords and small-portfolio investors, this means that while they can expect a steady stream of rental income, the yield will be capped by the government's rent standards. There is little risk of vacancy due to the low rate of renters indicating a high dependency on subsidized housing, which makes it a reliable but not exceptionally lucrative investment opportunity.
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.