Location: Box Elder County, UT | Metro: Box Elder County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84306 in fiscal year 2024 is set at $910. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is not the rent you will receive; it's the payment standard used by the housing authority to determine the subsidy amount.
In ZIP 84306, the local median gross rent is currently N/A, which makes direct comparison challenging. However, the FMR of $910 provides a benchmark for what is considered reasonable rent for the area based on the government's assessment.
The renter share, which is the portion of the rent that tenants must pay out-of-pocket, is set at 0.0%. This means that tenants participating in the Section 8 program will not be required to contribute any money toward the rent. Instead, the entire rent will be covered by the voucher, up to the FMR limit.
Despite the tenant's share being 0.0%, there is still significant demand for affordable housing in ZIP 84306. The acquisition cost for a property suitable for Section 8 in this area is approximately $616,635. This figure reflects the average price of a home that could potentially qualify for the program, giving you an idea of the investment required.
Before deciding to enter into a Section 8 rental agreement, verify that your property meets all the necessary standards for habitability and safety. The housing authority will conduct an inspection to ensure that the unit is up to par with these requirements, so it's crucial to meet these criteria to avoid delays or disqualification.
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.