Location: Box Elder County, UT | Metro: Box Elder County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
ZIP 84309, located in Box Elder County, UT, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for ZIP 84309 in fiscal year 2024 is set at $960. This figure is critical for understanding the potential rental income that can be generated from properties in this area when participating in the Section 8 program.
The median home value in ZIP 84309 stands at $568,467. Although there is no market rental data available for comparison, the high median home value suggests a relatively stable and potentially affluent residential area. Given the fixed nature of Section 8 rental payments, properties in ZIP 84309 can provide consistent cash flow, which is essential for portfolio stability.
A cash-flow anchor is a property that generates reliable income, regardless of market fluctuations. ZIP 84309's high median home value indicates that the area is less susceptible to rapid depreciation, making it a secure choice for long-term investment. The guaranteed rental income from the Section 8 program, coupled with the low risk of property devaluation, makes this ZIP an ideal candidate for anchoring a portfolio's cash flow.
The median income in ZIP 84309 is $100,000, indicating that residents have a strong financial base. However, with only 3.5% of the population being renters, the market for non-Section 8 rentals is limited. Therefore, focusing on Section 8 properties in this area can ensure steady income without the volatility associated with higher renter shares.
In conclusion, ZIP 84309 should be considered a cash-flow anchor within a Section 8 portfolio strategy due to its high median home value and the security provided by the fixed rental payments. Landlords and small-portfolio investors can benefit from the stability and reliability of income generated from these properties, contributing to a balanced and robust investment portfolio.
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.