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Salt Lake County/Salt Lake City/84132

84132

ZIPFMR
Salt Lake County, UT
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,202$1,120
1 BR$1,349$1,180
2 BR$1,615$1,660
3 BR$2,143$2,360
4 BR$2,439$2,680
5 BR$2,805Not available
6 BR$3,226Not available
7 BR$3,709Not available
8 BR$4,266Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,615
Market rent$1,680
Est. payment standard (103%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.14
2 BR
0.96
3 BR
0.85
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 84132 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 84132 (Salt Lake City, UT) is $1,615 a month. That is down 7.6% from $1,747 in FY 2026. Salt Lake City is in the Salt Lake City, UT HUD Metro FMR Area. The median county two-bedroom FMR in Utah is $1,158, so ZIP 84132 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84132
BedroomsFY 2027Change90–110% range
Studio$1,202−4.5%$1,082–$1,322
1BR$1,349−7.3%$1,214–$1,484
2BR$1,615−7.6%$1,454–$1,777
3BR$2,143−8.1%$1,929–$2,357
4BR$2,439−8.5%$2,195–$2,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84132
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,202$1,349$1,615$2,143$2,439
FY 2026$1,259$1,456$1,747$2,333$2,666
FY 2025$1,243$1,453$1,748$2,348$2,670
FY 2024$1,121$1,338$1,606$2,168$2,452
FY 2023$1,051$1,258$1,504$2,061$2,308

Questions about ZIP 84132 rents

How much will Section 8 pay for a two-bedroom in ZIP 84132?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,615, that basic range is $1,454 to $1,777 a month. 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 84132 in?

ZIP 84132 is in the Salt Lake City, UT HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 84132 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,747 in FY 2026 to $1,615 in FY 2027. Since FY 2023 it has risen 7.4%.

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 Fair Market Rents. 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 rentSalt Lake City, UT fair market rentUT statewide rentsWhat is SAFMR?Data sources