Location: Piute County, UT | Metro: Garfield County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 84712 presents a unique opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 96,000 residents, 21.7% of whom are renters, this area has a significant number of individuals seeking rental housing. The median household income stands at $41,250, which directly influences the rental market dynamics.
While the exact market rent is not provided, we can infer that typical rents are likely lower than the Fair Market Rent (FMR) of $1,080, set for FY 2026 in the metro area. This FMR figure represents the maximum amount that a landlord can charge a Section 8 tenant, making it a crucial benchmark for rental pricing.
To contextualize the financial impact on potential tenants, let's consider the average rent in relation to the median income. Assuming a conservative estimate of market rent at around 30% of the median income, which is common for low-income areas, the typical rent would consume approximately $1,237.50 per year, or roughly $103.13 per month. However, since the actual market rent is not specified, we cannot provide an exact percentage of income spent on rent. Nevertheless, the FMR of $1,080 suggests that rents are capped at a level that is manageable for the majority of the population given their income levels.
The type of tenant profile a landlord in ZIP 84712 should anticipate includes individuals and families who rely on Section 8 vouchers to secure affordable housing. These tenants will be looking for units that fall within the FMR guidelines, ensuring they can afford rent without compromising other essential expenses. Landlords should prepare for a tenant base that values stability and affordability, and who may have limited financial resources beyond their monthly rental payment.
In conclusion, ZIP 84712 is a renter-heavy area with a substantial demand for affordable housing. The median income aligns well with the FMR, indicating that Section 8 vouchers can effectively cover the cost of living for many residents. Landlords should focus on providing clean, safe, and affordable units that meet the needs of these tenants, while also adhering to the voucher program requirements.
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.