Location: Ogden, UT | Metro: Ogden, UT MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,750 | $525,584 | 0.33% | F |
| 3BR | $2,350 | $607,191 | 0.39% | F |
| 4BR | $2,810 | $647,036 | 0.43% | F |
| 5BR | $3,260 | $722,201 | 0.45% | F |
U.S. Census Bureau data (2024)
In ZIP code 84315 located in Hooper, UT, there are several factors that could negatively impact an investment property participating in the Section 8 program. Firstly, the tenant turnover rate poses a significant risk due to the disparity between the market rent of $2,269 and the Fair Market Rent (FMR) of $1,520 for FY 2024. This difference can lead to frequent changes in tenants as they may struggle to afford higher rents outside the subsidized range.
Vacancy exposure is another concern, as the average number of days on market (DOM) is currently unavailable. This lack of data makes it difficult to predict how long a property might remain vacant between tenancies, which can significantly affect cash flow. Furthermore, the potential for deferred maintenance issues is high, considering the typical home value of $642,832 and the median household income of $109,989. The financial strain on residents to cover maintenance costs out-of-pocket could result in neglected properties, leading to higher expenses for landlords who must address these issues.
However, these risks are somewhat mitigated by the high concentration of renters in the area. With a 3.5% renter share, there is likely a strong demand for rental housing, including units that accept Section 8 vouchers. This dense population of potential tenants can provide a steady stream of applicants, reducing the likelihood of extended vacancies and ensuring a consistent pool of qualified candidates.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.