FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
1.12ratio
FMR$1,320
Market$1,180
vs market+$140
FMR is above market; underwrite to market rent.
1.12
2 BR
2 BR
0.94ratio
FMR$1,580
Market$1,680
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
0.89ratio
FMR$2,100
Market$2,360
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
1.02ratio
FMR$2,400
Market$2,360
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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 84112 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84112 (Salt Lake City, UT) is $1,580 a month. That is unchanged from 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, 84112 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 84112 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 84112
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,140
+1.8%
$1,026–$1,254
1BR
$1,310
$1,320
+0.8%
$1,188–$1,452
2BR
$1,580
$1,580
0.0%
$1,422–$1,738
3BR
$2,120
$2,100
−0.9%
$1,890–$2,310
4BR
$2,410
$2,400
−0.4%
$2,160–$2,640
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 84112
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,320
$1,580
$2,100
$2,400
FY 2026
$1,120
$1,310
$1,580
$2,120
$2,410
FY 2025
$1,010
$1,210
$1,450
$1,960
$2,210
FY 2024
$950
$1,140
$1,360
$1,860
$2,080
FY 2023
$840
$1,010
$1,200
$1,660
$1,860
Two-bedroom rent in nearby Salt Lake County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 84112?
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 84112 in?
ZIP 84112 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 84112 for FY 2027?
The two-bedroom FMR was unchanged at $1,580 in FY 2027. Since FY 2023 it has risen 31.7%.
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