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Salt Lake County/South Jordan/84009

84009

ZIPSAFMR
Salt Lake County, UT
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,580$1,280
1 BR$1,770$1,330
2 BR$2,120$1,810
3 BR$2,810$1,990
4 BR$3,200$2,640
5 BR$3,680Not available
6 BR$4,232Not available
7 BR$4,867Not available
8 BR$5,597Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMR$2,120
Market rentUsed$1,810
Est. payment standard (90%)$1,920
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.23
1 BR
1.33
2 BR
1.17
3 BR
1.41
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 84009 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84009 (South Jordan, UT) is $2,120 a month. That is down 7.0% from $2,280 in FY 2026. South Jordan is in the Salt Lake City, UT HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,615. Among 59 ZIP codes in Salt Lake County, 84009 has the 3rd-highest two-bedroom rent (county range $1,580–$2,240). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84009 is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84009
BedroomsFY 2027Change90–110% range
Studio$1,580−3.7%$1,422–$1,738
1BR$1,770−6.8%$1,593–$1,947
2BR$2,120−7.0%$1,908–$2,332
3BR$2,810−7.6%$2,529–$3,091
4BR$3,200−8.0%$2,880–$3,520

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84009
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,580$1,770$2,120$2,810$3,200
FY 2026$1,640$1,900$2,280$3,040$3,480
FY 2025$1,660$1,950$2,340$3,140$3,570
FY 2024$1,120$1,340$1,610$2,170$2,460
FY 2023$1,050$1,250$1,500$2,060$2,300

Two-bedroom rent in nearby Salt Lake County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 84009
84006$1,580−25.5%
84009Current$2,120—
84020$1,920−9.4%
84044$1,700−19.8%
84047$1,670−21.2%
84065$1,850−12.7%
84070$1,680−20.8%
84081$1,940−8.5%
84084$1,800−15.1%
84088$1,650−22.2%
84090$1,620−23.6%
84091$1,620−23.6%

Questions about ZIP 84009 rents

How much will Section 8 pay for a two-bedroom in ZIP 84009?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,615, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,454 to $1,777 a month; under the ZIP-level Small Area FMR of $2,120 it would be $1,908 to $2,332. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 84009 in?

ZIP 84009 is in the Salt Lake City, UT HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,615.

How much did fair market rent change in ZIP 84009 for FY 2027?

The two-bedroom FMR fell 7.0%, from $2,280 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 41.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentSouth Jordan, UT fair market rentUT statewide rentsWhat is SAFMR?Data sources