FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR
0.97ratio
FMR$1,350
Market$1,390
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
0.99ratio
FMR$1,620
Market$1,640
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR
1.06ratio
FMR$2,150
Market$2,030
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
0.99ratio
FMR$2,450
Market$2,470
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
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
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ZIP 84199 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84199 (Salt Lake City, UT) is $1,620 a month. That is down 7.4% from $1,750 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, 84199 is tied for the 24th-highest two-bedroom rent (county range $1,580–$2,240). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84199 is 40% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 84199
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,260
$1,210
−4.0%
$1,089–$1,331
1BR
$1,460
$1,350
−7.5%
$1,215–$1,485
2BR
$1,750
$1,620
−7.4%
$1,458–$1,782
3BR
$2,340
$2,150
−8.1%
$1,935–$2,365
4BR
$2,670
$2,450
−8.2%
$2,205–$2,695
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 84199
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,350
$1,620
$2,150
$2,450
FY 2026
$1,260
$1,460
$1,750
$2,340
$2,670
FY 2025
$1,240
$1,450
$1,750
$2,350
$2,670
FY 2024
$1,120
$1,340
$1,610
$2,170
$2,460
FY 2023
$1,050
$1,250
$1,500
$2,060
$2,300
Two-bedroom rent in nearby Salt Lake County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 84199?
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 $1,620 it would be $1,458 to $1,782. 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 84199 in?
ZIP 84199 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 84199 for FY 2027?
The two-bedroom FMR fell 7.4%, from $1,750 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 8.0%.
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