Location: San Juan County, UT | Metro: San Juan County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The median income in ZIP code 84512 stands at $54,375. Given the lack of specific market rate data for this area, it is challenging to provide a precise comparison against typical rental costs. However, we can evaluate the situation based on the Fair Market Rent (FMR) figure provided, which is set at $1,070 for the metro area in fiscal year 2026.
To frame this from the renter's perspective, consider that an individual or household earning the median income would likely struggle to afford a market rate of $1,070 per month without assistance. The FMR represents the maximum amount a landlord can charge for a voucher holder, effectively setting a benchmark for affordable housing.
With only 16.7% of the 860 residents being renters, competition among landlords could be relatively low. This means that landlords might have fewer options when it comes to finding tenants willing to pay market rates. Consequently, the affordability gap becomes a significant factor in determining rental strategies.
The takeaway for landlords considering voucher versus cash-pay strategies is clear: given the limited number of renters and the high affordability gap, accepting vouchers may be a more viable option. Vouchers guarantee a steady stream of income at a fixed rate ($1,070), reducing financial risk compared to relying on cash-paying tenants who might struggle to meet higher market rates. Landlords should weigh the benefits of guaranteed payments against the administrative requirements of participating in the voucher 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.