Section 8 Fair Market Rent (FMR) for ZIP 84412 - 2027

Location: Ogden, UT | Metro: Ogden, UT MSA

FY 2027 Fair Market Rent Rates

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

To determine if you should buy in ZIP 84412 for Section 8, follow these steps:

Step 1: Debt Service Coverage
- If the Fair Market Rent (FMR) of $1210 for fiscal year 2024 can cover your debt service on the property, proceed to Step 2.
- If it cannot, do not invest in this ZIP code for Section 8.
Step 2: Market Rent Comparison
- If the current market rent is above the FMR of $1210, it depends on how much higher and the stability of those rents.
- If the market rent is at or below the FMR, proceed to Step 3.
Step 3: Rental Demand Assessment
- If the percentage of renters and the days on market (DOM) indicate sufficient demand, then invest in ZIP 84412.
- If there is insufficient demand based on the percentage of renters and DOM, do not invest.

Note that without specific data on property values, market rent levels, and the exact percentage of renters and DOM, precise financial advice cannot be given. However, using the FMR as a benchmark is crucial for ensuring that Section 8 payments will sufficiently cover your costs.

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.