Location: Summit County, UT | Metro: Summit County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,720 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,020 |
| 3 Bedrooms | $2,710 |
| 4 Bedrooms | $3,370 |
| 5 Bedrooms | $3,909 |
| 6 Bedrooms | $4,378 |
| 7 Bedrooms | $4,728 |
| 8 Bedrooms | $4,964 |
U.S. Census Bureau data (2024)
7.1% of the population in ZIP code 84061 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $2,020, which is a critical figure for landlords participating in the Section 8 program. This FMR serves as the benchmark for determining the maximum rental assistance payments. While the market rent is listed as N/A, suggesting limited data on current market rates, the median home value stands at $1,058,290, highlighting the affluent nature of the area. Landlords can expect a relatively stable tenant pool, given the median income of $177,500, which is above the national average. The N/A-day DOM and N/A% price-cut share indicate that there is insufficient data to provide insights into the speed of property sales and the frequency of price reductions, respectively. However, these gaps do not detract from the overall positive outlook for rental investments in this ZIP code. The high median income supports the likelihood of timely rent payments and a lower risk of default. For those considering Section 8 participation, the alignment between the FMR and the local economic conditions suggests a viable opportunity. Given the data, landlords in ZIP 84061 should find the Section 8 program a reliable partner in managing their rental properties.
Section 8 Verdict: Suitable for landlords in ZIP 84061 seeking stable rental income from an economically robust area.
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.