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Summit County/Henefer/84033

84033

ZIPSAFMR
Summit County, UT
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,600
1 BR$1,700$1,700
2 BR$1,970$1,970
3 BR$2,670$2,670
4 BR$3,150$3,150
5 BR$3,622Not available
6 BR$4,166Not available
7 BR$4,791Not available
8 BR$5,509Not available

Purchase Price Calculator

Maximum purchase price
$230,825

Cost breakdown

+Likely effective rent$1,970
HUD FMRUsed$1,970
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 84033 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84033 (Henefer, UT) is $1,970 a month. That is up 20.9% from $1,630 in FY 2026. Henefer is in the Summit County, UT non-metropolitan 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 county-wide two-bedroom FMR of $2,153. Among 9 ZIP codes in Summit County, 84033 is tied for the 6th-highest two-bedroom rent (county range $1,970–$2,850). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84033 is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84033
BedroomsFY 2027Change90–110% range
Studio$1,600+22.1%$1,440–$1,760
1BR$1,700+27.8%$1,530–$1,870
2BR$1,970+20.9%$1,773–$2,167
3BR$2,670+23.6%$2,403–$2,937
4BR$3,150+40.6%$2,835–$3,465

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84033
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,700$1,970$2,670$3,150
FY 2026$1,310$1,330$1,630$2,160$2,240
FY 2025$1,250$1,260$1,630$2,100$2,280
FY 2024area FMR$1,383$1,392$1,807$2,331$2,525
FY 2023area FMR$1,172$1,180$1,553$1,890$2,259

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Summit County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 84033
84017$1,9700.0%
84024$1,9700.0%
84033Current$1,970—
84036$1,9700.0%
84055$2,770+40.6%
84060$2,130+8.1%
84061$2,020+2.5%
84068$2,150+9.1%
84098$2,850+44.7%

Questions about ZIP 84033 rents

How much will Section 8 pay for a two-bedroom in ZIP 84033?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,153, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,938 to $2,368 a month; under the ZIP-level Small Area FMR of $1,970 it would be $1,773 to $2,167. 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 84033 in?

ZIP 84033 is in the Summit County, UT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,153.

How much did fair market rent change in ZIP 84033 for FY 2027?

The two-bedroom FMR rose 20.9%, from $1,630 in FY 2026 to $1,970 in FY 2027. Since FY 2025 it has risen 20.9%.

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