84107

ZIPSAFMR

Salt Lake County, UT

ZIP Investment Score

55Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,150	$1,100	2.4%
1 BR	$1,320	$1,310	1.0%
2 BR	$1,580	$1,700	0.9%
3 BR	$2,100	$2,140	0.3%
4 BR	$2,400	$2,550	0.7%
5 BR	$2,760	Not available	0.7%
6 BR	$3,174	Not available	0.7%
7 BR	$3,650	Not available	0.7%
8 BR	$4,198	Not available	0.7%

Purchase Price Calculator

Maximum purchase price

$190,703

Cost breakdown

+Likely effective rent$1,700

HUD FMR$1,580

Market rent$1,760

Est. payment standard (107%)Used$1,700

-Principal and interest-$964

Loan amount$152,562

Down payment$38,141

Rate6.50%

Term30 years

-Operating costs-$536

Property taxes-$191

Insurance-$175

Utilities$0

HOA$0

Management-$170

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,329(71.7% ROI)

Projected value

$205,366

Return breakdown

Property appreciation+$14,663

Loan principal paid down+$5,466

Rental cash flow+$7,200

5-year hold

+$46,807(122.7% ROI)

Projected value

$215,763

Return breakdown

Property appreciation+$25,060

Loan principal paid down+$9,747

Rental cash flow+$12,000

10-year hold

+$100,639(263.9% ROI)

Projected value

$244,116

Return breakdown

Property appreciation+$53,413

Loan principal paid down+$23,226

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.05ratio

FMR$1,150

Market$1,100

vs market+$50

FMR is near market; voucher and private rents are aligned.

1.05

1 BR

1.01ratio

FMR$1,320

Market$1,310

vs market+$10

FMR is near market; voucher and private rents are aligned.

1.01

2 BR

0.90ratio

FMR$1,580

Market$1,760

vs market-$180

FMR is below market; voucher rent may lag private rents.

0.90

3 BR

0.97ratio

FMR$2,100

Market$2,160

vs market-$60

FMR is near market; voucher and private rents are aligned.

0.97

4 BR

0.91ratio

FMR$2,400

Market$2,630

vs market-$230

FMR is near market; voucher and private rents are aligned.

0.91

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 84107 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84107 (Salt Lake City, UT) is $1,580 a month. That is down 6.0% from $1,680 in FY 2026. Salt Lake City 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, 84107 is tied for the 46th-highest two-bedroom rent (county range $1,580–$2,240). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84107 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84107
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,210	$1,150	−5.0%	$1,035–$1,265
1BR	$1,400	$1,320	−5.7%	$1,188–$1,452
2BR	$1,680	$1,580	−6.0%	$1,422–$1,738
3BR	$2,240	$2,100	−6.2%	$1,890–$2,310
4BR	$2,560	$2,400	−6.2%	$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84107
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,150	$1,320	$1,580	$2,100	$2,400
FY 2026	$1,210	$1,400	$1,680	$2,240	$2,560
FY 2025	$1,170	$1,370	$1,650	$2,220	$2,520
FY 2024	$1,070	$1,280	$1,540	$2,080	$2,350
FY 2023	$1,030	$1,230	$1,470	$2,010	$2,260

Two-bedroom rent in nearby Salt Lake County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 84107
84101	$1,580	0.0%
84102	$1,620	+2.5%
84103	$1,680	+6.3%
84104	$1,580	0.0%
84105	$1,620	+2.5%
84106	$1,580	0.0%
84107Current	$1,580	—
84108	$1,710	+8.2%
84109	$1,770	+12.0%
84110	$1,620	+2.5%
84111	$1,670	+5.7%
84112	$1,580	0.0%

Questions about ZIP 84107 rents

How much will Section 8 pay for a two-bedroom in ZIP 84107?

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 $1,580 it would be $1,422 to $1,738. 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 84107 in?

ZIP 84107 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 84107 for FY 2027?

The two-bedroom FMR fell 6.0%, from $1,680 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 7.5%.

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 rent Salt Lake City, UT fair market rent UT statewide rents What is SAFMR?Data sources