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 | $1,150 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,060 | $563,661 | 0.37% | F |
| 4BR | $2,470 | $753,036 | 0.33% | F |
| 5BR | $2,865 | $939,729 | 0.3% | F |
U.S. Census Bureau data (2024)
The potential pitfalls for investing in Section 8 properties in ZIP code 84050 include significant tenant turnover due to the gap between the market rent of $2,173 and the Fair Market Rent (FMR) of $1,480 for fiscal year 2024. This discrepancy can lead to frequent changes in occupancy, increasing administrative burdens and costs for landlords. Additionally, the vacancy exposure is heightened by the lack of data on the days on market (DOM), which makes it challenging to predict how long a property might remain vacant. The deferred maintenance risk is also notable, considering the typical home value of $744,379 and the median income of $131,170. Landlords must be prepared to manage properties that may require substantial upkeep, as tenants may not have the financial means to cover these expenses.
Despite these challenges, there are several factors that mitigate the risks. The renter share in ZIP 84050 is 11.2%, indicating a high concentration of renters who are likely to seek housing assistance through Section 8 vouchers. This dense rental market often translates into a robust demand for subsidized housing, ensuring a steady stream of qualified applicants. Furthermore, the higher typical home values suggest that the area is economically stable, which can provide some assurance regarding the overall property values and the likelihood of maintaining or increasing rental income over time.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.