Location: Carbon County, UT | Metro: Carbon County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The ZIP code 84520 stands out due to its unique combination of factors. With only 826 residents, it represents a small community. Notably, 44.2% of these residents are renters, indicating a significant portion of the population relies on rental housing. The median income for this area is $38,482, which provides insight into the economic status of the residents. However, the lack of data regarding the median home value suggests that there might be limited homeownership or that the available data does not accurately reflect the real estate landscape.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 84520 is set at $1,260 for the fiscal year 2026, reflecting the government's assessment of rental costs. In contrast, the current market rent, according to the Census ACS, is $1,029. This discrepancy highlights an opportunity for landlords who can leverage the higher FMR to attract tenants eligible for Section 8 vouchers. Landlords should be aware that the FMR is designed to cover the cost of housing that is decent, safe, and sanitary, and the difference between the FMR and market rent could be a deciding factor for tenants looking for affordable housing options.
Based on the data signature, ZIP 84520 appears to be a stable area. Despite the small resident population and high percentage of renters, the relatively consistent median income and the presence of Section 8 vouchers suggest that the housing market is predictable and manageable for landlords and small-portfolio investors. The gap between the FMR and market rent indicates that there is a balance in the housing affordability, making it a suitable location for those interested in Section 8 properties. Investors should focus on understanding the local demand and ensuring their properties meet the necessary standards to qualify for Section 8 programs.
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.