Location: Salt Lake City, UT | Metro: Salt Lake City, UT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,450 |
| 5 Bedrooms | $2,842 |
| 6 Bedrooms | $3,183 |
| 7 Bedrooms | $3,438 |
| 8 Bedrooms | $3,610 |
The ZIP code 84090 in Salt Lake City County presents unique challenges and opportunities for landlords and small-portfolio investors due to limited available demographic data. The lack of specific figures for residents, rental percentages, median income, and median home values suggests that this area is underreported or has sparse population statistics, which can be indicative of a transitional neighborhood.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 84090 is set at $1610 for the fiscal year 2024. This figure is crucial for landlords participating in the Section 8 program, as it determines the maximum rental amount that can be covered by the voucher. Without comparative market rent data, it's difficult to assess how competitive this FMR is relative to local market rates, but it provides a clear benchmark for setting rental prices within the guidelines.
The absence of detailed economic indicators makes it challenging to fully evaluate the stability of ZIP 84090. However, the reliance on FMR data for Section 8 vouchers implies that this ZIP code may be experiencing changes in its housing market dynamics. Given the limited data, the environment appears transitional rather than stable, suggesting potential shifts in the demographic composition and economic conditions that could impact long-term investment strategies.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.