Section 8 Fair Market Rent (FMR) for ZIP 84540 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 84540 in metro FY 2026 is set at $1,560. This figure represents the payment standard, which is the amount the government will pay towards your tenant's rent under the Section 8 program. It does not represent the actual rent you can charge your tenants.

In ZIP 84540, the local median rent is listed as N/A, which means there isn't sufficient data available to provide an accurate comparison. However, the FMR serves as a guideline for landlords participating in the Section 8 program.

The percentage of renters in the area who might be interested in Section 8 housing is also listed as N/A. Despite this lack of specificity, it's important to understand that demand for affordable housing remains strong across many areas, and Section 8 can be a reliable source of tenants.

The average home price in ZIP 84540 is listed as N/A, indicating that there isn't enough data to give a precise figure on property acquisition costs. Regardless, when acquiring a property for Section 8 rentals, you should ensure that the property meets all Housing Quality Standards (HQS) requirements to avoid disqualification.

Before committing to a Section 8 rental property, you must verify that the unit complies with HQS. This includes ensuring that the property is safe, decent, and sanitary. Failure to meet these standards can result in rejection from the program, leaving you without a tenant and potentially facing financial losses.

Data Sources: FMR data from HUD (2027).

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.