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Davis County/Layton/84040

84040

ZIPSAFMR
Davis County, UT
Zillow

ZIP Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$1,490$1,120
1 BR$1,570$1,130
2 BR$2,000$1,800
3 BR$2,680$2,060
4 BR$3,210$2,420
5 BR$3,691Not available
6 BR$4,245Not available
7 BR$4,882Not available
8 BR$5,614Not available

Purchase Price Calculator

Maximum purchase price
$205,563

Cost breakdown

+Likely effective rent$1,800
HUD FMR$2,000
Market rentUsed$1,800
Est. payment standard (94%)$1,870
-Principal and interest-$1,039
Loan amount$164,450
Down payment$41,113
Rate6.50%
Term30 years
-Operating costs-$561
Property taxes-$206
Insurance-$175
Utilities$0
HOA$0
Management-$180
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,898(70.3% ROI)
Projected value
$221,369
Return breakdown
Property appreciation+$15,806
Loan principal paid down+$5,892
Rental cash flow+$7,200
5-year hold
+$49,519(120.4% ROI)
Projected value
$232,575
Return breakdown
Property appreciation+$27,013
Loan principal paid down+$10,507
Rental cash flow+$12,000
10-year hold
+$106,611(259.3% ROI)
Projected value
$263,138
Return breakdown
Property appreciation+$57,575
Loan principal paid down+$25,036
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.33
1 BR
1.39
2 BR
1.11
3 BR
1.30
4 BR
1.33
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 84040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84040 (Layton, UT) is $2,000 a month. That is down 3.4% from $2,070 in FY 2026. Layton is in the Ogden, UT MSA. 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 $1,591. Among 17 ZIP codes in Davis County, 84040 has the 2nd-highest two-bedroom rent (county range $1,480–$2,280). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84040 is 73% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84040
BedroomsFY 2027Change90–110% range
Studio$1,490−3.9%$1,341–$1,639
1BR$1,570−4.3%$1,413–$1,727
2BR$2,000−3.4%$1,800–$2,200
3BR$2,680−3.2%$2,412–$2,948
4BR$3,210−4.2%$2,889–$3,531

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,490$1,570$2,000$2,680$3,210
FY 2026$1,550$1,640$2,070$2,770$3,350
FY 2025$1,480$1,580$1,960$2,630$3,180
FY 2024$1,320$1,440$1,760$2,390$2,910
FY 2023$1,240$1,350$1,650$2,270$2,750

Two-bedroom rent in nearby Davis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 84040
84010$1,640−18.0%
84011$1,710−14.5%
84014$1,820−9.0%
84015$1,630−18.5%
84016$1,710−14.5%
84025$1,780−11.0%
84037$1,730−13.5%
84040Current$2,000—
84041$1,560−22.0%
84054$1,800−10.0%
84056$1,890−5.5%
84075$2,280+14.0%

Questions about ZIP 84040 rents

How much will Section 8 pay for a two-bedroom in ZIP 84040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,591, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,432 to $1,750 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 84040 in?

ZIP 84040 is in the Ogden, UT MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,591.

How much did fair market rent change in ZIP 84040 for FY 2027?

The two-bedroom FMR fell 3.4%, from $2,070 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 21.2%.

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