Section 8 Fair Market Rent (FMR) for ZIP 84643 - 2027
Location: Sanpete County, UT | Metro: Sanpete County, UT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $930 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$69,870
The analysis of ZIP code 84643 in Sanpete County, UT, reveals several key points for landlords and small-portfolio investors.
- Does the rent math work? The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,310, whereas the current market rent based on Census ACS data stands at $930. This discrepancy indicates that landlords may need to adjust their rental pricing to align with the FMR to remain competitive in the HUD Section 8 voucher program. However, the current market rent suggests that properties might be undervalued if priced closer to the FMR, potentially offering higher returns.
- Is acquisition affordable? Unfortunately, specific data regarding the median home value, days on market (DOM), and percentage of homes requiring price cuts in ZIP 84643 is not available. This lack of data makes it challenging to provide a precise assessment of the affordability of acquiring properties in this area. Landlords should conduct further research to understand local real estate trends and costs.
- Is there tenant demand? The ZIP code has a population of 650, with 12.9% being renters. Given the small population size, the number of potential tenants is limited, which could affect the demand for rental properties. Landlords would benefit from understanding the local job market and whether it supports a growing rental base.
In conclusion, while the potential for higher rents exists due to the gap between the FMR and market rent, the limited data on property acquisition costs and the small tenant pool suggest caution. Landlords must carefully evaluate these factors and possibly seek additional local insights before investing in ZIP 84643. The opportunity for increased rental income is present, but the overall risk may outweigh the benefits without a thorough understanding of the local real estate and economic conditions.
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.