Location: Sevier County, UT | Metro: Sevier County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 84766 is set at $1,090 for metro fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount tenants will pay in rent; rather, it is the maximum amount that the government will subsidize per unit.
In ZIP 84766, 63.0% of residents are renters, indicating a strong demand for rental properties. This high percentage suggests that there is a significant portion of the population who might benefit from Section 8 vouchers, potentially stabilizing your tenant pool and reducing vacancy rates.
When considering whether to participate in Section 8 with a property in this area, you should ensure that the rent you charge does not exceed the FMR. For instance, if you have a two-bedroom apartment, the rent must be less than or equal to $1,090 to qualify under the program guidelines. The exact rent amount you can charge will depend on the size and condition of the unit, but it cannot surpass the FMR.
A key verification step before committing to a Section 8 rental is to check the local housing market trends. Although the specific local median rent is not available, understanding the general rental price range in your area will help you determine if your property's rent aligns well with the FMR and the local demand. This ensures that you are not overpricing your units, which could deter potential tenants.
Participating in Section 8 can provide a steady income stream, backed by the federal government, making it an attractive option for landlords and small-portfolio investors looking to enter the rental market in ZIP 84766. However, the decision should be based on thorough research into local rental dynamics and a clear understanding of the program's 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.