Location: Sanpete County, UT | Metro: Sanpete County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,520 |
| 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 ZIP code 84665, with a population of 793, has only 5.0% of its residents classified as renters. This indicates that the area is predominantly a homeowner-dominated region rather than a renter-heavy zone. Given the low percentage of renters, it's reasonable to infer that the demand for Section 8 housing vouchers is likely to be less intense compared to areas with higher concentrations of renters.
The median household income for this ZIP code is not available, which complicates the analysis of how affordable the market rent of $1,094 is relative to local incomes. However, we can compare the market rent to the Fair Market Rent (FMR) figure of $1,360, set for fiscal year 2026 in the metropolitan area. The market rent of $1,094 is below the FMR, suggesting that landlords in this area might find their properties more attractive to voucher holders if they keep rents at or slightly above the $1,094 level.
Despite the lack of specific income data, the general trend suggests that typical rent consumes a significant portion of an individual's budget, especially if the local incomes are lower than the metropolitan average. Landlords should prepare for a tenant pool that heavily relies on rental assistance programs due to the potentially limited financial resources of the residents.
In summary, landlords in ZIP 84665 should anticipate a tenant base that requires Section 8 vouchers to cover a substantial part of their rent payments. With the market rent being below the FMR, landlords have some flexibility but should be aware of the need for affordability among potential tenants. The expectation is for a mix of tenants who are seeking affordable housing options, possibly with a preference for properties that offer slightly more amenities or space within the budget constraints imposed by the voucher 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.