Section 8 Fair Market Rent (FMR) for ZIP 84667 - 2027
Location: Sanpete County, UT | Metro: Sanpete County, UT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$71,250
When considering whether to invest in ZIP code 84667 for Section 8 properties, follow this decision tree:
- Does the FMR of $1,090 (metro FY 2026) cover the debt service on a property?
- If yes, proceed to the next question.
- If no, do not purchase a property here for Section 8. The Fair Market Rent (FMR) must be sufficient to cover all expenses including mortgage payments, taxes, insurance, and maintenance.
- Is the market rent of $836 (Census ACS) above, at, or below the FMR?
- If the market rent is below the FMR, purchasing a property for Section 8 can be profitable as you will receive the higher FMR rate from the government.
- If the market rent is equal to or above the FMR, consider the competition and vacancy rates. High market rents might indicate strong demand, but if they exceed the FMR, Section 8 tenants cannot afford to pay the difference, making it less attractive for Section 8 properties.
- Are the 28.2% renters combined with the days on market (DOM) indicative of sufficient demand?
- If the DOM is low and there is a significant rental population, there is likely enough demand to support a Section 8 property. A high percentage of renters suggests that the area has a robust rental market.
- If the DOM is high despite the 28.2% rental rate, it could indicate an oversupply of rental units or other factors that reduce demand, such as lack of access to public transportation or poor school districts. This would make the investment riskier.
The final decision to invest in ZIP 84667 for Section 8 properties hinges on these key points. Ensure the FMR is adequate to cover your costs, assess the market rent against the FMR, and evaluate the demand based on rental percentages and DOM. With these factors aligned positively, the answer is yes; otherwise, it depends on additional analysis or the answer is no.
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.