Location: Salt Lake City, UT | Metro: Salt Lake City, UT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
0.0% of the housing units in ZIP code 84150 are rented, indicating a predominantly owner-occupied market. This statistic highlights the unique challenge for landlords and small-portfolio investors in this area, where rental properties are scarce and demand might be lower compared to other regions.
$1610 is the Fair Market Rent (FMR) for ZIP 84150 as of fiscal year 2024. This figure represents the maximum amount a landlord can charge for a unit under the Section 8 program, which is crucial for understanding potential rental income limits.
N/A is the reported market rent for the area, suggesting a lack of comprehensive data on average rental prices. This absence could indicate that rental listings are less common, further supporting the idea of a primarily owner-occupied community.
N/A also stands for the median home value in ZIP 84150, which means there isn't enough data to provide a clear picture of property values. This can make it difficult for investors to gauge the typical cost of acquiring a property in this area.
N/A is the median income for the residents of ZIP 84150, another data point missing which makes it hard to assess the financial health of potential tenants and their ability to afford higher rents.
N/A-day DOM (Days on Market) suggests that we don't have information on how long properties typically stay on the market before being sold or rented. This metric is key for understanding the speed at which properties move and the competitive landscape.
N/A% is the price-cut share for listings in this ZIP code, meaning there's no available data on how often sellers or landlords need to reduce their asking prices to attract buyers or renters.
In summary, while the $1610 FMR provides a benchmark for rental pricing under Section 8, the lack of detailed market data complicates investment decisions. The low 0.0% renter share indicates a market dominated by homeowners, potentially reducing the pool of eligible Section 8 tenants.
Verdict: ZIP 84150 presents challenges for Section 8 investors due to limited rental market data and a very low renter share, making it less favorable for those looking to enter the rental market through this program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.