Section 8 Fair Market Rent (FMR) for ZIP 84515 - 2027

FY 2027 Fair Market Rent Rates

The Section 8 market analysis for ZIP code 84515, located in Grand County, UT, reveals key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1,560 for the fiscal year 2026, which serves as a benchmark for rental properties accepting Section 8 vouchers.

However, the lack of current market rent data makes it challenging to directly compare the FMR against prevailing rents. Without this comparison, it's difficult to ascertain whether voucher tenants will generate positive cash flow at the FMR, experience marginal cash flow, or require premium units to achieve financial viability.

The median home value in ZIP 84515 is also not available, which means we cannot calculate an exact rent-to-price ratio. This metric typically helps investors understand how competitive renting is compared to buying in the same market. With no median home value, deriving the precise rent-to-price ratio remains impossible.

In terms of days on market (DOM), the median is not provided, nor is the percentage of homes that experienced price cuts. These figures are crucial for understanding the local real estate market's health and the balance between renting and buying. Their absence limits our ability to fully assess the impact of these factors on investment decisions.

Despite the limitations in available data, the primary strength for Section 8 investors in ZIP 84515 lies in the potential for stability. The fixed nature of Section 8 payments ensures a consistent income stream, making it an attractive option for those seeking reliable cash flow rather than speculative gains on appreciation.

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.