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Salt Lake County/Sandy/84070

84070

ZIPSAFMR
Salt Lake County, UT
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,250$1,230
1 BR$1,400$1,410
2 BR$1,680$1,720
3 BR$2,230$2,190
4 BR$2,540$2,470
5 BR$2,921Not available
6 BR$3,359Not available
7 BR$3,863Not available
8 BR$4,442Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,680
Market rent$1,740
Est. payment standard (102%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.99
2 BR
0.97
3 BR
1.02
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 84070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84070 (Sandy, UT) is $1,680 a month. That is down 8.2% from $1,830 in FY 2026. Sandy 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, 84070 is tied for the 18th-highest two-bedroom rent (county range $1,580–$2,240). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84070 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84070
BedroomsFY 2027Change90–110% range
Studio$1,250−5.3%$1,125–$1,375
1BR$1,400−8.5%$1,260–$1,540
2BR$1,680−8.2%$1,512–$1,848
3BR$2,230−8.6%$2,007–$2,453
4BR$2,540−9.0%$2,286–$2,794

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,250$1,400$1,680$2,230$2,540
FY 2026$1,320$1,530$1,830$2,440$2,790
FY 2025$1,340$1,570$1,890$2,540$2,890
FY 2024$1,200$1,430$1,720$2,320$2,630
FY 2023$1,120$1,340$1,600$2,190$2,460

Two-bedroom rent in nearby Salt Lake County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 84070
84047$1,670−0.6%
84065$1,850+10.1%
84070Current$1,680—
84081$1,940+15.5%
84084$1,800+7.1%
84088$1,650−1.8%
84090$1,620−3.6%
84091$1,620−3.6%
84092$2,240+33.3%
84093$2,210+31.5%
84094$1,940+15.5%
84095$1,930+14.9%

Questions about ZIP 84070 rents

How much will Section 8 pay for a two-bedroom in ZIP 84070?

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 $1,680 it would be $1,512 to $1,848. 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 84070 in?

ZIP 84070 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 84070 for FY 2027?

The two-bedroom FMR fell 8.2%, from $1,830 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 5.0%.

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