Location: San Juan County, UT | Metro: San Juan County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 84511 hosts a population of 4,382 residents, with 25.8% identified as renters. This indicates that while there is a significant rental market, it is not dominated by renters; rather, homeownership remains prevalent. The median household income in this area stands at $73,218, providing a benchmark against which rental costs can be assessed.
Market rent in 84511 averages $847 per month, representing approximately 12.9% of the median household income when calculated annually. This figure is derived from dividing the annual market rent ($10,164) by the median annual household income ($73,218).
In comparison to the Fair Market Rent (FMR) set at $1,180 for fiscal year 2026, the current market rent is notably lower. This suggests that landlords in 84511 can offer competitive rates without exceeding the FMR threshold, which is beneficial for attracting tenants who utilize housing vouchers.
The tenant profile in this ZIP code will likely include individuals and families who benefit from Section 8 vouchers. Given the income levels and the relatively low market rent, these tenants can afford higher rents than the market average, up to the FMR limit. Landlords should anticipate a mix of tenants, some relying on vouchers to cover part of their rent, while others may pay the full amount directly from their income.
To summarize, 84511 is an area where landlords can effectively cater to both voucher recipients and those paying out-of-pocket. The market conditions support a diverse tenant base, with the potential for strong demand from those seeking affordable housing options within the voucher range. The current average market rent is well below the FMR, making it a viable location for landlords interested in participating in the Section 8 program.
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.