Location: Sevier County, UT | Metro: Sevier County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The analysis for ZIP code 84652 provides insight into potential rental investments under Section 8 guidelines. Using the Federal Market Rent (FMR) for a 2-bedroom unit at $1,270 per month, the annualized rent would be $15,240. This figure implies a gross yield of approximately 5% when compared to the median home value of $305,408.
However, the market rent data is currently unavailable, making it difficult to provide a precise comparison. In the absence of market rent figures, we cannot calculate an exact gross yield for non-Section 8 properties. The lack of data on market rents means that the comparison to Section 8 rates must be made cautiously.
The gross yield calculation for Section 8 properties in ZIP 84652 is straightforward and based on the provided FMR. For the market rent scenario, without specific data, we can only infer that if market rents were higher, the gross yield would also be higher. Given the low renter density of 8.8%, the market for rental properties might be less competitive, potentially affecting market rents.
The Days on Market (DOM) data is also not available, which is crucial for understanding how quickly properties are rented out. With limited market rent data and unknown DOM figures, the Section 8 scenario with a gross yield of around 5% appears more reliable for investment planning. Landlords should consider this rate as a conservative estimate for potential returns.
In conclusion, the Section 8 program offers a stable income source with a known gross yield of about 5%. While market rents could offer better returns, the current lack of data makes it challenging to quantify this potential accurately. Therefore, for ZIP 84652, the Section 8 scenario provides a clearer and more dependable investment outlook.
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.