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 | $1,490 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,680 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,000 | $473,768 | 0.42% | F |
| 3BR | $2,680 | $514,099 | 0.52% | F |
| 4BR | $3,210 | $571,285 | 0.56% | F |
| 5BR | $3,724 | $671,889 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84040, Layton, Utah, is set at $1760 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, which means it's the maximum amount the government will pay on behalf of eligible tenants for a unit in this area. It's important to note that this is not your rent; it's the subsidy limit.
To put this into perspective, the Zillow Observed Rent Index (ZORI), which reflects the average market rent for the same area, stands at $2,183. This indicates that the typical rent for a property in Layton exceeds the Section 8 payment standard, meaning landlords might need to cover some of the difference between the voucher amount and the actual rent charged.
The 15.1% renter share suggests that a significant portion of Layton's population is already renting, indicating a steady demand for rental properties. However, this does not guarantee that all renters will qualify for Section 8, so you should verify the tenant's eligibility and income level before agreeing to participate in the program.
When considering acquiring a new rental property in Layton, the median home value is around $591,349. This figure can help you estimate the initial investment required for purchasing a property suitable for Section 8 tenants. Remember, the property must meet certain standards, such as being free from health hazards and complying with basic safety requirements, to be approved for the program.
A key step before committing to a Section 8 rental is to ensure that the property meets the Housing Quality Standards (HQS). These standards are designed to make sure the unit is safe and habitable. By confirming that your property complies with these criteria, you can avoid potential delays and ensure that you're ready to accept Section 8 tenants.
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.