Location: Wayne County, UT | Metro: Wayne County, UT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 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)
The ZIP code 84773 is not an ideal target for landlords seeking a renter-heavy market with deep voucher demand. With a population of 357 and only 0.0% of residents being renters, the area is predominantly homeowner-dominated. This means that tenants using Section 8 vouchers will be scarce.
The median household income in this ZIP code is $123,164, which is significantly higher than the federal market rent (FMR) for the metro area, set at $970 per month for FY 2026. Given the lack of rental data, we cannot provide a precise percentage of local income that typical rent would consume, but it's clear that the high median income suggests most residents can afford market rates without assistance.
In such a low-renter environment, landlords should not expect a large number of Section 8 applicants. Instead, they might encounter potential tenants who are either first-time renters or those who have recently moved to the area and are seeking short-term housing solutions. The scarcity of voucher users implies that landlords could focus on attracting tenants willing to pay market-rate rents, which are likely to be competitive with the income levels of the area.
To summarize, ZIP 84773 is not characterized by a high concentration of renters or a strong demand for Section 8 vouchers. Landlords in this area should prepare for a niche market, catering primarily to non-voucher tenants who can afford the higher cost of living relative to the federal market rent standards.
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.