Location: Sanpete County, UT | Metro: Sanpete County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 84627 presents several challenges for potential Section 8 landlords. Tenant turnover could be higher due to the disparity between the market rent of $917 and the Federal Market Rent (FMR) of $1,130 for FY 2026, which is indicative of the metro area. This gap suggests that tenants might seek higher subsidies, leading to increased churn as they move to properties that better match their voucher amounts.
Vacancy exposure is another concern. With no available data on days on market (DOM), it's difficult to predict how quickly a property can be rented out, potentially leaving units vacant for extended periods. This uncertainty increases financial risk, especially when considering the need for consistent rental income.
Deferred maintenance poses a significant risk given the lack of typical home value data and the median income of $72,875. While the median income is relatively high, landlords must account for the possibility that tenants might have limited funds for repairs beyond routine wear and tear, necessitating additional investments in property upkeep.
Despite these risks, the high renter share of 48.9% in ZIP 84627 points towards strong demand for rental properties, including those that accept Section 8 vouchers. This high density of renters typically translates into a robust pool of voucher holders, reducing the likelihood of prolonged vacancies and stabilizing cash flow.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.