Location: Garfield County, UT | Metro: Garfield County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 84759 is situated in a suburban area of Utah, characterized by a relatively small population of 2,084 residents. Only 17.6% of these residents are renters, indicating a primarily owner-occupied community. The median household income in this area is strong at $74,441, reflecting a middle-class to upper-middle-class demographic. The median home value stands at $224,839, suggesting that homes here are moderately priced compared to other parts of the state.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 84759 as of the metro fiscal year 2026 is set at $990. However, the current market rent, according to Census ACS data, is lower at $843. This discrepancy between the FMR and market rent can be advantageous for Section 8 investors, as it allows for potential subsidies that exceed the typical market rate, offering a margin of profit.
The question then arises: is ZIP 84759 suitable for a hands-off voucher operator or a hands-on value-add buyer? Given the low percentage of renters and the moderate home values, a hands-off approach might not yield significant returns due to the limited number of rental units. On the other hand, a hands-on strategy could be more fruitful, particularly if the investor focuses on improving properties to command higher rents closer to the FMR, leveraging the higher subsidy amounts available. This ZIP code offers a niche opportunity for investors willing to engage actively in property management and enhancement, rather than relying solely on passive income streams.
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.