Section 8 Fair Market Rent (FMR) for ZIP 84035 - 2027

Location: Uintah County, UT | Metro: Uintah County, UT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$830
2 Bedrooms	$1,010
3 Bedrooms	$1,360
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

568

Median Household Income

$N/A

Housing Units

292

Renter Percentage

13.4%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 84035, located in Jensen, UT within Uintah County, can serve as a diversifier within a Section 8 portfolio strategy. With a renter share of 13.4%, this area offers a mix of rental and owner-occupied properties, which can help balance a landlord's portfolio.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $1,020. However, since the median home value is not available, it's challenging to assess the potential for appreciation plays or cash-flow anchors in this region. Despite this, the 13.4% renter share suggests that there is a significant portion of the population relying on rentals, making it a viable option for landlords looking to cater to this demographic.

Jensen, UT, being part of a smaller community, might not offer the same level of appreciation potential as larger metropolitan areas. Nonetheless, the stable renter base and the projected FMR provide a reliable cash flow source for landlords and small-portfolio investors. Given the limited data on median home values and appreciation trends, focusing on the diversification aspect of this ZIP code is a prudent approach.

To further solidify Jensen, UT as a diversifier, consider the following:

Rental Demand: The 13.4% renter share indicates a steady demand for rental properties, which can be met through Section 8 vouchers.
Cash Flow: Properties rented under the Section 8 program in this ZIP code will generate consistent income, given the FMR of $1,020.
Economic Stability: While specific economic indicators are not provided, the presence of a notable rental market suggests that there is a need for affordable housing, which the Section 8 program addresses effectively.

In conclusion, ZIP 84035 is best suited as a diversifier in a Section 8 portfolio strategy, offering a balanced mix of rental opportunities and stable cash flows without the speculative risks associated with appreciation plays in less defined markets.

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.