Location: Garfield County, UT | Metro: Garfield County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
52.2% of residents in ZIP 84716 are renters, indicating a strong demand for rental properties in the area. The $1,000 Fair Market Rent (FMR) for fiscal year 2026 highlights the government's benchmark for rental affordability, which is significantly lower than the $2,095 average market rent based on Census ACS data. This gap suggests that landlords can expect higher rents from private tenants compared to what they might receive through Section 8 vouchers. However, it also means that Section 8 participants could find the $1,000 FMR affordable, while the market rent is out of reach for many. With a median income of $52,022, most households would struggle to afford the $2,095 market rent without assistance. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the disparity between FMR and market rent indicates potential challenges in attracting and retaining tenants who rely solely on their income. Landlords should carefully consider these factors when deciding whether to participate in Section 8 or target private market tenants. A strategic approach would be to offer competitive rents closer to the FMR to attract both voucher holders and low-income private tenants. The verdict on Section 8 participation in ZIP 84716 is that it can provide a stable tenant base but at a cost lower than the lucrative private market rates.
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.