Location: Ogden, UT | Metro: Ogden, UT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
The ZIP code 84409 in Ogden County, UT, presents unique challenges and opportunities for landlords and small-portfolio investors due to its incomplete data signature. Specifically, there is no available information regarding the number of residents, the percentage of renters, the median income, or the median home value. This lack of comprehensive data makes it difficult to paint a full picture of the local real estate market conditions.
Despite these gaps, the voucher economics provide a clearer perspective. The Fair Market Rent (FMR) for ZIP 84409 is set at $1210 for fiscal year 2024. While the exact market rent figure is not provided, the FMR serves as a benchmark for rental rates that are considered fair and reasonable for the area. Landlords who participate in the Section 8 program can expect to receive rental assistance payments based on this FMR, ensuring a stable income stream tied to government standards.
The absence of key metrics such as resident count, rental percentages, and median values suggests that the data signature for ZIP 84409 is transitional rather than stable. Transitional areas often experience changes in population dynamics, economic shifts, or fluctuations in housing demand and supply. For investors, this means staying alert to emerging trends and potential changes in the local market. However, the consistent provision of FMR through the Section 8 program offers a reliable anchor amidst the uncertainty, making it a valuable tool for financial planning and risk management.
To make informed decisions, landlords and investors should seek additional local market data and consider consulting with real estate professionals familiar with the ZIP 84409 area. Participation in the Section 8 program can be a strategic choice, offering predictable rental income and access to a tenant pool that may otherwise be overlooked in a less transparent market environment.
Data Sources: FMR data from HUD (2027).
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.