Section 8 Fair Market Rent (FMR) for ZIP 84753 - 2027
Location: Iron County, UT | Metro: Iron County, UT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 84753, located in Utah County, Utah, is part of a growing suburban area that benefits from its proximity to Provo and other economic hubs. This region is characterized by its mix of residential neighborhoods and commercial developments, making it attractive for both residents and investors.
- Fair Market Rent (FMR): The Fair Market Rent for ZIP 84753 is set at $1,120 for the fiscal year 2026, indicating a stable rental market that is likely to support consistent income for landlords.
- Rental Market Data: Specific data on market rents is currently unavailable, which suggests there may be less competition and more opportunity for landlords to set their own rates based on property quality and demand.
- Median Home Value: The median home value in the area is also not available, but given the steady growth of Utah County, it's reasonable to expect that property values will continue to rise, providing landlords with potential capital appreciation over time.
- Renter Share: The percentage of renters in the area is not specified, but knowing that the FMR is established at $1,120 can help landlords gauge the size of the potential tenant pool.
- Days on Market (DOM): Information regarding the average days on market for rentals is not available, which could imply that properties are being rented quickly due to strong demand.
- Median Income: The median income figure is not available, but it's important to note that the surrounding areas have seen increases in income levels, which can translate into higher-paying tenants.
In summary, ZIP 84753 presents a solid investment opportunity for landlords and small-portfolio investors. With a stable Fair Market Rent and a potentially underserved rental market, there is room for growth and profit. The lack of detailed market data points to an area where proactive landlords can capitalize on the current trends and demand, setting themselves up for long-term success.
Data Sources: FMR data from HUD (2027).
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.