Section 8 Fair Market Rent (FMR) for ZIP 84531 - 2027
Location: San Juan County, UT | Metro: San Juan County, UT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$32,200
To determine if a landlord should invest in ZIP code 84531 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,140 cover the debt service on a property?
- If the FMR of $1,140 does not cover the debt service, the answer is No. Do not proceed with purchasing in this area.
- If the FMR of $1,140 does cover the debt service, move to the next question.
- Is the market rent above, at, or below the FMR?
- If the market rent is below the FMR of $1,140, the answer is No. It would be unwise to invest in an area where market rents do not support the FMR.
- If the market rent is equal to or above the FMR of $1,140, proceed to the final question.
- Are the 13.7% of renters combined with N/A-day days on market indicative of sufficient demand?
- If the days on market (DOM) are low, indicating high demand, and the percentage of renters is 13.7%, the answer is Yes. This suggests there is enough tenant interest to justify investment.
- If the DOM is high, suggesting low demand, even with 13.7% of renters, the answer is No. High DOM indicates difficulty in renting out properties, making them less attractive for Section 8 investments.
- If the DOM is moderate, the answer is It Depends. The decision will depend on additional factors such as the trend in rental demand, vacancy rates, and competition in the area.
Note that without specific data on market rent and days on market, certain decisions cannot be conclusively made. Ensure you gather all relevant local real estate metrics before making an investment decision.
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.