Location: Box Elder County, UT | Metro: Box Elder County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 84330, located in Box Elder County, UT metro, presents a unique investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) for this area in fiscal year 2024 is $1240. However, the market rent data is currently unavailable, which makes it challenging to directly compare the HUD FMR against the actual rents being charged in the area.
Based on the HUD FMR alone, voucher tenants will likely cashflow at the given rate, but the extent to which they do so depends on the actual market rents. If market rents are significantly higher than the FMR, then voucher tenants would only cashflow with premium units that are priced closer to the FMR. Conversely, if market rents are similar to or slightly above the FMR, voucher tenants would cashflow comfortably without requiring premium units.
The median home value in ZIP 84330 is $426,470. Using this figure, we can derive the rent-to-price ratio. Assuming an average annual mortgage payment based on typical financing terms and the median home value, the monthly rent of $1240 would represent a significant portion of the mortgage payment, indicating a potentially favorable cashflow scenario for investors. However, the exact ratio requires market rent data for precise calculation.
The days on market (DOM) and price-cut share percentages are also currently unavailable. These metrics are crucial for understanding the local real estate market's health and the balance between rental and homeownership markets. In their absence, we must rely on other indicators to assess the investment climate.
The strongest investor angle in ZIP 84330 is likely cashflow, given the established FMR and the potential for steady income from voucher tenants. This angle suggests that investors can expect reliable monthly payments from tenants participating in the Section 8 program, making it a stable source of income regardless of broader 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.