Section 8 Fair Market Rent (FMR) for ZIP 84305 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$990
2 Bedrooms	$1,290
3 Bedrooms	$1,780
4 Bedrooms	$2,140
5 Bedrooms	$2,482
6 Bedrooms	$2,780
7 Bedrooms	$3,002
8 Bedrooms	$3,152

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 84305, located within the Logan, UT-ID MSA metro area, can serve as an anchor for cash flow within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 84305 in fiscal year 2024 is set at $1070. This figure represents a significant spread above the current market rent of $914, indicating that properties rented under Section 8 could command higher rents compared to the local market.

This spread ensures that landlords can cover their mortgage payments, property taxes, insurance, maintenance, and other expenses while still generating positive cash flow. Given the median home value in ZIP 84305 is $439,381, the disparity between FMR and market rent suggests that even if the property values remain stable, landlords can rely on consistent rental income that exceeds the typical market rates.

The 5.3% renter share in ZIP 84305 is relatively low, indicating a predominantly owner-occupied community. However, this does not detract from the potential for Section 8 properties to serve as anchors within a diversified portfolio. The median income of $64,583 in the area supports the notion that there is a demand for affordable housing options, making Section 8 a viable choice for many residents.

In conclusion, ZIP 84305 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The substantial difference between the FMR and the market rent ensures steady and reliable income, which is crucial for maintaining financial stability and growth in real estate investments. Landlords should focus on acquiring properties that can leverage the higher FMR to maximize returns and minimize risks associated with market fluctuations.

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.