Location: San Juan County, UT | Metro: San Juan County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
The rental market in ZIP code 84510, located in an unspecified area of Utah, presents a unique challenge due to the lack of specific data on median income and market rate rents. However, it is possible to analyze the situation based on the available information regarding the housing voucher program.
A household in this area would receive a voucher payment standard based on the Fair Market Rent (FMR) of $1,140 for the fiscal year 2026. This figure represents the maximum amount that a voucher holder can pay towards rent in the region. Given the absence of median income and market rate data, we must rely on this voucher standard to gauge affordability.
The affordability gap becomes apparent when comparing the voucher standard to potential market rates. While exact figures are not provided, it is reasonable to infer that if market rates exceed the $1,140 voucher limit, many renters will struggle to find suitable accommodation without additional financial assistance. This could lead to increased competition among landlords for tenants who can pay the full market rate, especially if the percentage of renters and total population suggests a high demand for affordable housing options.
The takeaway for landlords considering voucher versus cash-pay strategies is clear. In an environment where median incomes and market rents are unknown but where the FMR is set at $1,140, accepting vouchers can be a prudent move. It ensures a steady stream of tenants and aligns with the government's support for affordable housing. However, landlords should also be prepared for the possibility of higher market rates attracting cash-paying tenants willing to pay more. Balancing between these two strategies will depend on the local demand dynamics and the landlord's ability to manage properties effectively under both scenarios.
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.