Location: Garfield County, UT | Metro: Garfield County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
ZIP 84764, located in Garfield County, UT, is an ideal diversifier for a Section 8 portfolio strategy. The median income here stands at $57,553, which suggests a moderate economic environment where tenants rely heavily on rental assistance programs. With a significant 96.0% renter share, landlords can expect a steady demand for rental properties.
The Family Monthly Income Range (FMR) for the metro area in fiscal year 2026 is set at $970. This figure represents the maximum monthly income level for families to be eligible for Section 8 housing assistance. While the market data for median home values and price-cut shares are currently unavailable, the high percentage of renters indicates that homeownership is less prevalent, making rental properties more attractive to potential tenants.
Incorporating ZIP 84764 into a Section 8 portfolio strategy provides several advantages. Firstly, the high renter share ensures a consistent tenant pool, reducing the risk of vacancy. Secondly, the reliance on rental assistance means that landlords can secure stable cash flows without having to worry about market fluctuations affecting their income. Lastly, the geographic diversity offered by including this ZIP code can help mitigate risks associated with over-reliance on any single local economy or housing market trend.
While appreciation plays and cash-flow anchors might offer higher returns or quicker capital gains, ZIP 84764's characteristics make it a solid choice for diversification. Landlords should focus on maintaining well-managed properties to attract and retain tenants, ensuring long-term stability and reliability within their investment portfolios.
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.