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 |
The Section 8 program in ZIP code 84079 presents a unique investment scenario for landlords and small-portfolio investors due to the significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,030, whereas the current market rent data is unavailable. This lack of market rent information makes it challenging to quantify the exact dollar amount and percentage gap, but it highlights the potential risks and rewards associated with Section 8 properties.
In an environment where the FMR exceeds the market rent, Section 8 becomes a yield play. Landlords can secure a steady stream of rental income that is guaranteed by the government, mitigating the risk of vacancy and non-payment. However, in ZIP 84079, without concrete market rent figures, it's difficult to ascertain whether this condition holds true. What is certain is that the government's payment standard ensures a minimum income level, which can be beneficial in areas where the housing market is volatile or uncertain.
The cost of housing voucher tenants below open-market rates must also be considered. When the FMR is lower than the market rent, landlords might find themselves renting units at below-market rates. This situation could lead to reduced profits or necessitate improvements to qualify for higher FMR rates. In Unknown, UT, the specific impact of this scenario is unclear given the absence of data on the percentage of renters, median home value, and median income. However, the general principle remains: landlords must weigh the benefits of stable, government-backed income against the potential drawbacks of lower-than-market rental rates.
To fully leverage Section 8 investments in ZIP 84079, it is imperative to stay informed about local housing trends and any updates to FMR data. While the current median home value and median income figures are not available, understanding these metrics would provide crucial insights into the financial health of the community and the overall demand for affordable housing.
Data Sources: FMR data from HUD (2027).
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.