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 84085 is located in a suburban neighborhood characterized by a relatively small population of 247 residents. With 39.8% of the households renting their homes, it indicates a moderate demand for rental properties. The median household income in this area stands at $58,250, suggesting that while residents are not in the highest income bracket, they have a stable economic base.
Despite the lack of specific data on median home values and market rents, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,030. This figure provides a benchmark for rental prices that landlords can use when setting rates for their properties. It's worth noting that the absence of detailed local market rent data might be due to the limited number of rental units or the overall small size of the population in this ZIP code.
Given the characteristics of ZIP 84085, it would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The smaller population and lower percentage of renters suggest that there isn't a significant opportunity for extensive property improvements to increase rental income substantially. Instead, the stability offered by Section 8 vouchers could provide a reliable stream of income without the need for active management or large-scale renovations.
Investors considering this ZIP code should focus on properties that meet the basic requirements for Section 8 tenants and aim for rents close to the FMR of $1,030. This strategy ensures compliance with housing standards and maximizes the potential for steady returns. Additionally, the proximity to urban amenities and job opportunities should be evaluated to understand how these factors influence tenant eligibility and interest in the 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.