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 | $1,260 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,710 |
| 5 Bedrooms | $3,144 |
| 6 Bedrooms | $3,521 |
| 7 Bedrooms | $3,803 |
| 8 Bedrooms | $3,993 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,690 | $345,765 | 0.49% | F |
| 3BR | $2,260 | $423,740 | 0.53% | F |
| 4BR | $2,710 | $444,136 | 0.61% | D |
| 5BR | $3,144 | $487,430 | 0.65% | D |
U.S. Census Bureau data (2024)
The ZIP code 84067 in Roy, Utah, stands out within Weber County due to its unique mix of economic characteristics. With a population of 38,794 residents, only 16.0% of whom rent their homes, it reflects a predominantly owner-occupied community. The median income here is relatively high at $91,115, indicating a prosperous local economy. This prosperity is further underscored by the median home value, which sits comfortably at $436,565, suggesting that homeownership is both desirable and attainable.
When it comes to the economics of Section 8 vouchers, the disparity between the Fair Market Rent (FMR) and the actual market rent is notable. For fiscal year 2024, the FMR for ZIP 84067 is set at $1,390. In contrast, the Zillow Observed Rent Index (ZORI), which represents the market rent, is higher at $1,599. This gap indicates that landlords who accept Section 8 vouchers might find themselves receiving less rent compared to market rates. However, the stability of the rental income and the security of the federal government backing these vouchers can be attractive to some landlords.
Evaluating the overall data signature of ZIP 84067, it appears to be stable. The low percentage of renters suggests a strong preference for homeownership, which is supported by the high median income and median home value. These factors indicate a mature and established community where economic conditions are unlikely to change drastically in the near future. For landlords and small-portfolio investors considering Section 8 properties in this area, the data suggests a steady but potentially lower-than-market return on investment.
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.