Housing market/Utah/ZIP 84120
ZIP 84120 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 84120 · UT — sent to you.
ZIP 84120 · UT
ACS rent vs 2BR SAFMR
ZIP 84120 — 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 84120
- 1-unit detached10,98077.4%
- 1-unit attached7565.3%
- 2–4 units7365.2%
- 5–49 units1,0707.5%
- 50+ units1661.2%
- Mobile4763.4%
2–4 unit share 5.2% · 5–49 unit share 7.5% · combined 2–49 12.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,434 (all bedrooms, occupied rentals).
- Median contract rent $1,250.
- Renters paying ≥30% of income 48.7%; ≥50% 20.7%.
- FY2027 2BR SAFMR $1,580 (1.102× ACS median gross rent).
Population
50,589 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -2.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 540 units.
- HUD project-based assisted MF: not published for this ZIP.
- 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 84120 24.4% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,434; population changed -2.9% between the 2018 and 2023 ACS vintages; the housing stock includes 736 units in 2–4-unit structures and 1,070 units in 5–49-unit structures; 4 LIHTC projects totaling 540 units; FY2027 2BR SAFMR is $1,580 versus ACS median gross rent of $1,434. 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 84120 is a Census / HUD profile for Salt Lake City, UT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 84120 — 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 84120?
ZIP 84120 (Salt Lake City, UT HUD Metro FMR Area) has 50,589 residents, 13,522 households, a renter share of 24.4%, median household income of $90,847, and ACS 2023 median gross rent of $1,434. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 84120?
ACS counts 235 units in 2-unit buildings, 501 in 3–4 unit buildings, 258 in 5–9, 239 in 10–19, and 573 in 20–49. Combined 2–49 unit stock is 1,806 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 84120?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,580. See the full schedule and 90–110% payment-standard band on the ZIP 84120 — Salt Lake City, UT HUD Section 8 Payment Standards / SAFMR.
Does this Utah ZIP profile include Georgia listings?
No. ZIP 84120 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.