Location: Uintah County, UT | Metro: Uintah County, UT
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 84076 presents several challenges for landlords considering participation in the Section 8 program. Tenant turnover can be a significant issue, particularly when comparing the market rent to the $1,030 Fair Market Rent (FMR) set for the fiscal year 2026 in the metropolitan area. This discrepancy may lead to higher tenant churn, as individuals might seek better rental deals outside the Section 8 program. Landlords must be prepared for the administrative overhead associated with frequent turnovers.
Vacancy exposure is another critical factor to consider. With an unknown average number of days on market (DOM), it's difficult to predict how long properties might remain vacant. A prolonged vacancy period can significantly impact cash flow, especially when coupled with the lower rents received through Section 8 vouchers. It's crucial for landlords to have a robust strategy to minimize vacancy rates and ensure steady income.
Deferred maintenance is a potential pitfall, especially given the median income of $124,375 in the area. While this figure suggests a relatively affluent population, the typical home value being unknown introduces uncertainty regarding the financial capacity of landlords to invest in necessary property improvements. Section 8 requires that units meet certain standards, which can necessitate substantial upfront costs if the property has been neglected.
Despite these risks, there is a 6.9% renter share in the area, indicating a high concentration of renters. High renter density often correlates with greater demand for housing assistance vouchers, which can stabilize occupancy rates and provide a reliable stream of tenants. The presence of a significant number of renters also signals a strong rental market, which can be advantageous for landlords willing to navigate the complexities of the Section 8 program.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.