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 |
ZIP code 84415 in Unknown, UT, falls within the broader Ogden, UT Metropolitan Statistical Area (MSA). The Fair Market Rent (FMR) for ZIP 84415 is set at $1210 for fiscal year 2024. This figure is key for understanding how it compares to other ZIP codes within the Ogden MSA.
In the context of the Ogden MSA, where specific market rents and home values are not provided for ZIP 84415, we can infer its position based on the FMR alone. Typically, an FMR of $1210 suggests that ZIP 84415 could be considered a value pocket within the metro area. This inference is made considering that FMRs are generally lower than market rents and serve as a benchmark for affordability.
The lack of data on market rent and home values means we cannot make direct comparisons to other ZIP codes in the Ogden MSA. However, if ZIP 84415's market rents were to align closely with the FMR, it would likely indicate a lower-cost living area compared to the average within the MSA. Similarly, without specific home value data, we can only speculate that home values might also be lower, consistent with a value pocket.
The absence of a reported renter share percentage for ZIP 84415 makes it challenging to identify it as a Section 8 sweet spot. A high renter share with below-average home values often points to areas where Section 8 housing vouchers are more prevalent. Since we do not have this data point, we cannot definitively categorize ZIP 84415 as such.
To summarize, based on the provided FMR of $1210, ZIP 84415 appears to be positioned as a value pocket within the Ogden, UT MSA. Landlords and small-portfolio investors should consider this ZIP code as an opportunity for affordable housing investments, though further research into market rents and home values would provide a clearer picture of its overall investment potential.
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.