Location: Wasatch County, UT | Metro: Wasatch County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $2,250 |
| 4 Bedrooms | $2,720 |
| 5 Bedrooms | $3,155 |
| 6 Bedrooms | $3,534 |
| 7 Bedrooms | $3,817 |
| 8 Bedrooms | $4,008 |
U.S. Census Bureau data (2024)
The analysis of ZIP 84082 within the Wasatch County, UT metro area reveals several key points for landlords and small-portfolio investors.
The rent math does not work in favor of landlords. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,680. However, the current market rent is not available, which suggests that landlords might struggle to set rental prices high enough to cover costs if the market rate is below the FMR. This uncertainty can be a significant risk factor when considering rental investments.
Acquisition of properties in ZIP 84082 is not particularly affordable. The median home value stands at $878,429, indicating that purchasing a property here would require a substantial investment. Additionally, without specific data on days on market (DOM) and the percentage of homes that required price cuts, it's challenging to assess the ease or difficulty of acquiring properties at fair market values.
Tenant demand in ZIP 84082 is relatively low. With a population of 744, only 1.4% are renters. This implies that there is a limited pool of potential tenants, which could make it difficult to fill vacancies and maintain occupancy rates.
Verdict: ZIP 84082 presents a challenging environment for rental investments due to the unavailability of current market rent data, high median home values, and low tenant demand. Landlords and small-portfolio investors should proceed with caution and consider alternative areas with more favorable conditions for rental income and property acquisition.
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.