Location: Sevier County, UT | Metro: Sevier County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84657 in the metro area for fiscal year 2026 is set at $1,040. This figure represents the payment standard for Section 8 housing vouchers in your area. It is important to note that this is not the amount you will charge tenants as rent, but rather the maximum amount the government will pay towards a tenant's rent if it exceeds the voucher holder's contribution.
To understand how this compares to local market conditions, we need to consider the median rent in the area. Unfortunately, the specific median rent for ZIP 84657 is currently N/A, which means there isn't enough data to provide an exact comparison. However, given the 19.3% share of renters in the area, there is a notable demand for rental properties. This suggests that even without a precise median rent figure, there are likely many potential tenants who would benefit from a Section 8 rental property.
If you're looking to acquire a property in ZIP 84657, the average home value stands at $285,683. This is a significant investment, and it's crucial to ensure that the property you choose meets the necessary criteria for Section 8 eligibility. Before finalizing any purchase, verify that the property complies with Housing Quality Standards (HQS), which are set by the Department of Housing and Urban Development (HUD). These standards cover a range of safety and quality issues to ensure the property is suitable for low-income families.
In summary, the FMR of $1,040 in ZIP 84657 indicates the maximum subsidy you can receive per month under the Section 8 program. With a high percentage of renters and a substantial investment required for property acquisition, ensuring HQS compliance is essential for your first Section 8 rental. This step will guarantee that your property is ready to serve eligible tenants while also meeting the requirements of the program.
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.