Location: Carbon County, UT | Metro: Carbon County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
The ZIP code 84526 stands out within its county due to its unique demographic and economic characteristics. With a population of 4,388 residents, it has a rental rate of 27.9%, indicating a significant portion of the community relies on rented properties. The median income in the area is $59,850, which is relatively modest compared to the median home value of $283,314. This suggests that homeownership is less attainable for many residents, potentially increasing the demand for affordable rental options.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 84526 in fiscal year 2024 is set at $1,260. This figure is notably higher than the market rent of $835, as reported by the Census Bureau's American Community Survey (ACS). This disparity means that landlords who accept Section 8 vouchers can expect higher rental income compared to the local market rates. It also implies that the government subsidy covers a substantial portion of the actual cost of renting in the area, making it financially viable for both tenants and landlords.
The data signature of ZIP 84526 reads as stable. Despite the high median home value, the rental market appears to be steady, with a consistent percentage of residents choosing to rent rather than buy. The difference between the FMR and the market rent indicates a reliable source of income for landlords through the Section 8 program, without the risk of fluctuating market rates. For small-portfolio investors, this ZIP code offers a predictable investment environment where the Section 8 program can serve as a stabilizing factor in the rental market.
To summarize, ZIP 84526 presents an opportunity for landlords and small-portfolio investors due to its stable rental market and favorable voucher economics. The higher FMR compared to the local market rent ensures a steady stream of income for those willing to participate in the Section 8 program. Given these factors, it is clear that the ZIP code is well-suited for investments that leverage the Section 8 housing assistance 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.