Housing market/Utah/ZIP 84118
ZIP 84118 Salt Lake City, Utah
Salt Lake City, UT HUD Metro FMR Area · Utah. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 84118 · UT — sent to you.
ZIP 84118 · UT
ACS rent vs 2BR SAFMR
ZIP 84118 — Salt Lake City, UT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 84118
- 1-unit detached11,25292.0%
- 1-unit attached2321.9%
- 2–4 units670.5%
- 5–49 units2802.3%
- 50+ units880.7%
- Mobile3112.5%
2–4 unit share 0.5% · 5–49 unit share 2.3% · combined 2–49 2.8%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,670 (all bedrooms, occupied rentals).
- Median contract rent $1,468.
- Renters paying ≥30% of income 42.7%; ≥50% 18.5%.
- FY2027 2BR SAFMR $1,860 (1.114× ACS median gross rent).
Population
41,969 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -42.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 9 units.
- HUD project-based assisted MF: 1 properties, 19 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 4,434 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 84118 16.9% of occupied households are renters; vacancy is 1.7%; ACS median gross rent is $1,670; population changed -42.6% between the 2018 and 2023 ACS vintages; the housing stock includes 67 units in 2–4-unit structures and 280 units in 5–49-unit structures; 1 LIHTC projects totaling 9 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,670. 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 84118 is a Census / HUD profile for Salt Lake City, UT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 84118 — Salt Lake City, UT HUD Section 8 Payment Standards / SAFMR·Utah ZIP directory
Nearby ZIPs in this FMR area
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 84118?
ZIP 84118 (Salt Lake City, UT HUD Metro FMR Area) has 41,969 residents, 12,026 households, a renter share of 16.9%, median household income of $87,457, and ACS 2023 median gross rent of $1,670. Vacancy is 1.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 84118?
ACS counts 67 units in 2-unit buildings, 0 in 3–4 unit buildings, 118 in 5–9, 61 in 10–19, and 101 in 20–49. Combined 2–49 unit stock is 347 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 84118?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 84118 — Salt Lake City, UT HUD Section 8 Payment Standards / SAFMR.
Does this Utah ZIP profile include Georgia listings?
No. ZIP 84118 is Census / HUD research for Salt Lake City, UT HUD Metro FMR Area. 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.