Section 8 Fair Market Rent (FMR) for ZIP 84525 - 2027

Location: Grand County, UT | Metro: Emery County, UT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,030
1 Bedroom	$1,180
2 Bedrooms	$1,410
3 Bedrooms	$1,920
4 Bedrooms	$2,370
5 Bedrooms	$2,749
6 Bedrooms	$3,079
7 Bedrooms	$3,325
8 Bedrooms	$3,491

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

830

Median Household Income

$67,155

Housing Units

409

Renter Percentage

15.7%

Occupancy Rate

84.1%

Renter Occupied

The ZIP code 84525, located in Utah County, Utah, offers a unique blend of suburban tranquility and proximity to urban amenities, making it an attractive area for both residents and investors. The region benefits from a strong local economy and is experiencing steady growth, driven by its location near Provo and the University of Utah.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,270, indicating a stable demand for rental properties in the region.
While specific market rent data for ZIP 84525 is currently unavailable, the FMR provides a reliable benchmark for rental pricing strategies.
The median home value in the area stands at $252,126, reflecting a relatively affordable market for property investment.
Renters make up 15.7% of the population, suggesting that there is a moderate but significant interest in rental properties.
The median income for residents in the area is $67,155, which supports the ability of renters to afford the FMR and potentially higher rents.

The combination of a stable FMR, moderate renter share, and a solid median income suggests that ZIP 84525 presents a favorable environment for landlords and small-portfolio investors. Despite the lack of precise market rent data, the FMR can guide pricing decisions, while the median home value indicates that the area remains accessible for investment. With a growing population and a healthy local economy, the potential for rental income and property appreciation is promising.

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.