JeffCroweCRE

Housing market/Utah/ZIP 84059

ACS 2023 · FY2027 SAFMR

ZIP 84059 Orem, Utah

Provo-Orem-Lehi, UT MSA · Utah. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
16,419
Households
5,253
Median HH income
$101,842
Renter share
49.0%
Median gross rent
$1,799
Vacancy
1.4%
Pop. change
—
2BR SAFMR
$1,680
SAFMR / rent
0.934×
2–49 unit stock
1,808
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 84059 · UT — sent to you.

ZIP 84059 · UT

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ACS rent vs 2BR SAFMR

ZIP 84059 — Orem, UT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,799
2BR SAFMR$1,680
90% floor$1,512
110% ceiling$1,848

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 84059

  • 1-unit detached1,83234.4%
  • 1-unit attached1,27523.9%
  • 2–4 units3566.7%
  • 5–49 units1,45227.3%
  • 50+ units3847.2%
  • Mobile260.5%
TypeUnitsShare
1-unit detached1,83234.4%
1-unit attached1,27523.9%
2 units (duplex)00.0%
3–4 units3566.7%
5–9 units2845.3%
10–19 units4939.3%
20–49 units67512.7%
50+ units3847.2%
Mobile260.5%

2–4 unit share 6.7% · 5–49 unit share 27.3% · combined 2–49 34.0%.

Units by bedrooms

Studio
122
1BR
332
2BR
1,054
3BR
2,182
4BR
871
5+
764

Rent burden

Rent ≥30% of income53.2%
Rent ≥50% of income18.3%
  • ACS median gross rent $1,799 (all bedrooms, occupied rentals).
  • Median contract rent $1,701.
  • Renters paying ≥30% of income 53.2%; ≥50% 18.3%.
  • FY2027 2BR SAFMR $1,680 (0.934× ACS median gross rent).

Population

16,419 residents · ACS 2023

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

What the data shows

ZIP 84059 49.0% of occupied households are renters; vacancy is 1.4%; ACS median gross rent is $1,799; the housing stock includes 356 units in 2–4-unit structures and 1,452 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,680 versus ACS median gross rent of $1,799. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Utah research

ZIP 84059 is a Census / HUD profile for Provo-Orem-Lehi, UT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 84059 — Orem, UT HUD Section 8 Payment Standards / SAFMR·Utah ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
84003Provo-Orem-Lehi, UT MSA24.9%$1,692$1,56084004Provo-Orem-Lehi, UT MSA12.4%$2,786$1,72084005Provo-Orem-Lehi, UT MSA15.0%$1,995$1,77084013Provo-Orem-Lehi, UT MSA10.1%—$1,77084042Provo-Orem-Lehi, UT MSA21.5%$1,502$1,36084043Provo-Orem-Lehi, UT MSA22.8%$1,802$1,70084045Provo-Orem-Lehi, UT MSA16.0%$2,201$1,98084048Provo-Orem-Lehi, UT MSA——$1,37084057Provo-Orem-Lehi, UT MSA36.6%$1,408$1,32084058Provo-Orem-Lehi, UT MSA57.9%$1,395$1,40084062Provo-Orem-Lehi, UT MSA30.0%$1,617$1,47084097Provo-Orem-Lehi, UT MSA28.9%$1,414$1,350

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Utah research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 84059?

ZIP 84059 (Provo-Orem-Lehi, UT MSA) has 16,419 residents, 5,253 households, a renter share of 49.0%, median household income of $101,842, and ACS 2023 median gross rent of $1,799. Vacancy is 1.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 84059?

ACS counts 0 units in 2-unit buildings, 356 in 3–4 unit buildings, 284 in 5–9, 493 in 10–19, and 675 in 20–49. Combined 2–49 unit stock is 1,808 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 84059?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,680. See the full schedule and 90–110% payment-standard band on the ZIP 84059 — Orem, UT HUD Section 8 Payment Standards / SAFMR.

Does this Utah ZIP profile include Georgia listings?

No. ZIP 84059 is Census / HUD research for Provo-Orem-Lehi, UT MSA. Jeff Crowe CRE does not list Utah property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.