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Tooele County/Grantsville/84029

84029

ZIPSAFMR
Tooele County, UT
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$890$980
2 BR$1,120$1,230
3 BR$1,510$1,660
4 BR$1,880$2,060
5 BR$2,162Not available
6 BR$2,486Not available
7 BR$2,859Not available
8 BR$3,288Not available

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,120
Market rent$1,830
Est. payment standard (110%)Used$1,230
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.46
1 BR
0.52
2 BR
0.61
3 BR
0.81
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 84029 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84029 (Grantsville, UT) is $1,120 a month. That is up 2.8% from $1,090 in FY 2026. Grantsville is in the Tooele County, 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 $1,149. Among 8 ZIP codes in Tooele County, 84029 is tied for the 4th-highest two-bedroom rent (county range $1,120–$1,320). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84029 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84029
BedroomsFY 2027Change90–110% range
Studio$830+5.1%$747–$913
1BR$890+7.2%$801–$979
2BR$1,120+2.8%$1,008–$1,232
3BR$1,510+1.3%$1,359–$1,661
4BR$1,880+2.7%$1,692–$2,068

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84029
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$890$1,120$1,510$1,880
FY 2026$790$830$1,090$1,490$1,830
FY 2025$720$780$1,020$1,410$1,720
FY 2024$680$770$1,010$1,370$1,710
FY 2023$720$800$1,050$1,430$1,790

Two-bedroom rent in nearby Tooele County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 84029
84022$1,320+17.9%
84029Current$1,120—
84034$1,320+17.9%
84069$1,1200.0%
84071$1,1200.0%
84074$1,210+8.0%
84080$1,1200.0%
84083$1,1200.0%

Questions about ZIP 84029 rents

How much will Section 8 pay for a two-bedroom in ZIP 84029?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,149, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,034 to $1,264 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 84029 in?

ZIP 84029 is in the Tooele County, UT HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,149.

How much did fair market rent change in ZIP 84029 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,090 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 6.7%.

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 rentGrantsville, UT fair market rentUT statewide rentsWhat is SAFMR?Data sources