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 | $1,120 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $637,094 | 0.24% | F |
| 3BR | $2,010 | $816,022 | 0.25% | F |
| 4BR | $2,410 | $1,089,671 | 0.22% | F |
| 5BR | $2,796 | $1,476,395 | 0.19% | F |
U.S. Census Bureau data (2024)
A landlord considering ZIP 84317 (Huntsville, UT) for a Section 8 investment must evaluate several factors:
1. Debt Service Coverage Ratio (DSCR): Does the Fair Market Rent (FMR) of $1410 cover the debt service on a property valued at $688,901?
Yes. If the landlord's goal is to ensure that the rental income meets or exceeds the mortgage payments, then the answer is yes. The FMR of $1410 is designed to be sufficient to cover the average cost of housing in the area, including mortgage payments, taxes, insurance, and maintenance. However, it's crucial to note that the DSCR will also depend on the interest rate and terms of the mortgage.
No. If the landlord requires a higher rent to meet their specific debt service requirements, they might find that the FMR does not provide adequate coverage. This would be especially true if the landlord has a high-interest mortgage or other significant financial obligations associated with the property.
It Depends. For a more precise analysis, the landlord needs to calculate the exact debt service based on the mortgage terms and compare it against the FMR. If the calculated debt service is less than $1410, then the FMR will cover it. Otherwise, it won't.
2. Market Rent Comparison: How does the market rent of $1,477 (Census ACS) compare to the FMR?
Above. The market rent is slightly above the FMR, indicating that the landlord could potentially charge a higher rent outside of the Section 8 program. This suggests there might be opportunities for higher returns if the landlord can attract non-Section 8 tenants willing to pay the market rate.
At. If the landlord decides to participate in the Section 8 program, they will receive exactly the FMR amount of $1410, which is just under the market rent. This means that while the landlord won't capture the full market value, they still benefit from a stable income source.
Below. Given the data, the market rent is not below the FMR; it's above. Thus, this scenario does not apply.
3. Demand Analysis: Is there enough demand, given that 9.2% of residents are renters and the days on market (DOM) data is not available?
Yes. With 9.2% of the population renting, there is a base level of demand. However, without DOM data, it's challenging to determine how quickly units are filled. If the landlord can fill vacancies promptly, the demand is sufficient.
No. If the landlord finds that units take an extended period to fill, even with a reasonable percentage of renters, then the demand may not be robust enough to support a Section 8 investment.
It Depends. The lack of DOM data means that the landlord must rely on other indicators of demand, such as local job growth, student population, or other factors that influence rental demand. A thorough understanding of the local market is necessary to make a confident decision.
In conclusion, the decision to invest in ZIP 84317 for Section 8 properties hinges on the landlord's specific financial goals, the ability to attract tenants at or near market rates, and the overall demand for rentals in the area. The landlord should carefully consider these factors before making a final decision.
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.