Location: Carbon County, UT | Metro: Carbon County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 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 Section 8 market in ZIP code 84529, located in Carbon County, UT, presents a unique opportunity for investors. The HUD Fair Market Rent (FMR) for the area is set at $970 per month for the fiscal year 2026. However, the lack of specific market rent data for comparison suggests that the local rental market is either nascent or highly variable, making it difficult to assess the exact cashflow potential without additional research.
Given the FMR figure, voucher tenants would typically cashflow at this rate, assuming standard operating costs and vacancy rates. This implies that landlords can expect positive cashflow when renting units at the FMR, though the actual performance will depend on the condition and location of the property within the ZIP code. Premium units may command higher rents, but the baseline FMR indicates that even standard units should perform well financially.
The median home value is also listed as N/A, which complicates deriving a precise rent-to-price ratio. Without this data, it's challenging to provide a comprehensive analysis of how rental income compares to the potential appreciation of property values. Nonetheless, the absence of market rent data and the median home value highlights the need for investors to conduct thorough due diligence on individual properties and neighborhood trends.
The days on market (DOM) and price cut share percentages are not available, indicating that the buy-versus-rent dynamics are unclear. This could mean that the market is stable, with homes selling quickly at or near asking price, or it might suggest a less active real estate market where such metrics are not regularly tracked. For investors focused on the stability aspect, the consistent cashflow from voucher tenants at the FMR could be a strong selling point.
In conclusion, the strongest angle for investors in ZIP 84529 appears to be cashflow, given the HUD FMR and the typical financial performance of Section 8 properties. However, further investigation into individual property conditions and neighborhood specifics is recommended to fully capitalize on investment opportunities.
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.