Location: Emery County, UT | Metro: Emery County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84513 in metro FY 2026 is set at $1,030. This figure represents the payment standard for Section 8 vouchers, meaning that if you decide to participate in the program, the government will pay up to $1,030 per month towards your tenant's rent. However, this does not mean you should charge exactly $1,030; it's the maximum amount the voucher can cover.
In comparison, the average rent for the area is currently at $753, according to the latest Census American Community Survey data. This indicates that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in Section 8. The difference between the FMR and the average rent suggests a potential for landlords to receive slightly above-average rents for their properties.
With 17.5% of the population being renters, there is a steady demand for housing in ZIP 84513. This percentage translates into a significant number of potential tenants who might benefit from Section 8 vouchers, making it likely that you'll find interested applicants.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in the area is approximately $301,042. This is the typical price you might expect to pay for an existing home, which would then qualify for Section 8 tenancy.
Before proceeding with a Section 8 rental, ensure that your property meets all the necessary housing quality standards (HQS). These standards are set by HUD and include criteria such as structural integrity, cleanliness, and safety. Failure to meet these requirements can result in penalties and loss of Section 8 participation.
Participating in the Section 8 program can provide a stable source of income, especially if you're looking to minimize vacancies. The FMR provides a benchmark for what the government will pay, and you can adjust your asking rent accordingly, but remember, the actual rent paid by the tenant plus the subsidy cannot exceed the FMR.
Given the local renter share and the FMR, Section 8 can be a viable option for landlords and small-portfolio investors in ZIP 84513. It offers a way to serve a segment of the population while ensuring a consistent income stream, albeit with some regulatory oversight.
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.