What HUD offices serve Ferron, Utah?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Utah Public Housing and Low-Income Apartments Waiting Lists page for openings near Ferron.
How many renters live in Ferron, Utah?
The City of Ferron has 1,360 people living in 483 households.
There are 332 renters living in 131 renter households in this City. Renters make up 24.41 percent of the population living in Ferron.
What is the rental market like in Ferron, Utah?
There are an estimated 536 housing units in the Ferron area. Of these, 131 units are rental homes, making up 24 percent of the housing market. For every renter household in Ferron, Utah, there are 1 rental units.
What is the vacancy rate for rentals in Ferron?
The rental vacancy rate in Ferron is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Ferron for each bedroom size?
Occupied Rental Units by Size in Ferron
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 23 | 57 | 29 | 22 |
Occupied Rental Units by Size in Ferron
A large number of apartments in Ferron have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Ferron are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 18 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Ferron
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $617 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $617 |
| One BR | $806 |
| Two BR | $905 |
| Three BR | $1,254 |
| Four BR | $1,536 |
2024 Fair Market Rents in Ferron, Utah
How many units are rented at Fair Market Rent (FMR) in Ferron?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 23 | 100 percent |
| Two BR | 39 | 68 percent |
Rental Units Below FMR in Ferron, Utah
How many affordable rental units are in Ferron?
Income Based Apartments in Ferron, Utah
Ferron features 22 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Ferron, Utah
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ferron.
Housing Choice Vouchers in Ferron, Utah
On average, Section 8 Housing Choice vouchers pay Ferron landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ferron.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ferron, Utah for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
