Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
FIPS 49035 · population 1,196,523 · part of Salt Lake City, UT
The latest county-level Zillow ZORI is $1,639 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,259 | Salt Lake County, UT | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,456 | Salt Lake County, UT | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,747 | Salt Lake County, UT | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,333 | Salt Lake County, UT | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,666 | Salt Lake County, UT | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 49035. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Salt Lake County is a price-led, low-yield rental screen: it merits investigation where durable income can be verified, while underwriters sensitive to carrying costs and resale friction should be cautious. Zillow's county observation for 2026-06 places median home value at $575,927, median asking rent at $1,639 per month, and gross yield at 3.42%. Asking-rent growth trailed home-value growth. Separately, FHFA's 2025 repeat-transaction HPI rose 2.59%; this supports the direction of appreciation but is neither a dollar value nor the same vintage or method as Zillow.
The market-rent measure supports the stated gross-yield calculation, but it does not establish net income. HUD's two-bedroom FMR is a payment standard, not an asking-rent estimate, and cannot replace market rent in yield work. The effective property-tax rate is 0.54%, and median annual property tax is $2,836; these carrying costs matter against the value/rent gap. Operating expenses, insurance, vacancy, and financing are not published, preventing NOI, net-yield, and debt-service conclusions.
Realtor.com's 2026-06 MLS snapshot showed 3,088 active listings, up from the prior year, a 3.83% lower median listing price, and price reductions on 26.21% of listings. These are visible-supply, asking-price, and concession measures—not closed sales or proof of buyer demand alone. Tax-return movers produced net migration of -2,674 households, while incomer average AGI was $6,690 below outmovers'. That combination requires tenant-depth and absorption checks rather than a countywide demand inference. Nonoccupant purchase mortgages represented 5.37% of purchases, a bounded measure of buyer competition. QCEW reports annual covered workplace employment and wage growth, not resident employment or a forecast; Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy.
Earthquake is the stated dominant hazard, while modeled climate loss equals 0.18% of building value per year. They are separate county-level risk flags, not a parcel-specific earthquake-loss estimate or insurance quote. Next checks are seismic design and retrofit status, insurer availability, deductibles and exclusions, neighborhood vacancy, lease renewals, and property-level taxes. Those missing facts prevent a conclusion on cash-flow resilience or hazard-adjusted returns.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Within the selected direct Zillow evidence, Salt Lake County presents a meaningful current asking-rent spread rather than one usable ZIP-level benchmark. ZORI runs from $1,318 in 84116 to $1,929 in 84111, a $611 difference, and the selected-set median is $1,543.50. The county Zillow index is $1,639, but it is not a substitute for a ZIP-level listing search or evidence that the selected group represents the full county. The practical decision is whether a renter’s budget can tolerate the upper part of that observed range, or whether the search should favor lower-index areas while testing actual unit availability, bedroom count, lease terms and fees. Direction is also uneven among the direct indicators, with positive and negative annual changes represented, so the set does not establish a single local rent trajectory.
These sources answer different questions and should remain separate. Zillow ZORI is a typical observed asking-rent index; ACS five-year median gross rent is a survey estimate of gross rents paid; and HUD’s two-bedroom fair-market-rent standard is an administrative program benchmark. ACS median gross rent in the displayed ZCTAs ranges from $1,328 to $1,894. The displayed matches carry a $1,494 HUD two-bedroom standard, while their Zillow-to-HUD comparisons range from 88.2% to 129.1%. That ratio can flag places where the two measures differ in scale, but it is not a market discount, an affordability finding, or a like-for-like price comparison: Zillow’s current typical asking-rent index is not a bedroom-specific HUD payment standard, and ACS reflects a distinct surveyed rent universe.
ACS conditions sharpen, but do not resolve, the search trade-off. Countywide, 48.8% of renter households are estimated to pay at least 30% of income toward rent and the rental vacancy estimate is 5.2%. Across the displayed ZCTAs, the burden measure ranges from 38.4% in 84103 to 59.7% in 84102, while vacancy ranges from 2.7% in 84020 to 11.6% in 84111. The low-vacancy endpoint also has a $1,742 direct ZORI, whereas the high-vacancy endpoint is the set’s top ZORI location. These pairings are screening signals, not causal findings: higher vacancy does not establish easier leasing, nor does lower vacancy prove less affordability. Applicants should weigh turnover, unit fit, concessions, utility treatment and all move-in charges.
Coverage and geography set firm limits. The direct-evidence display includes 12 of 35 eligible ZIP/ZCTA matches, covering 84,102 renter households under the selection rule; it is not an exhaustive county or subcounty inventory. ZCTAs are Census statistical areas, not USPS delivery ZIPs. ZIPs that cross county lines are shown with the county holding the largest HUD residential-address share; within this display, that share is at least 94.5%, not necessarily entirely county-contained. Before acting, verify the exact address, available bedroom configuration, asking rent, utilities, deposits, concessions, income qualification, lease length, occupancy date and the applicable HUD program rules with the property and relevant administrator.
35 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 84107 | $1,400 | $1,445 | $1,494 | 44.2% | 5.7% | $56k | 100.0% |
| 84047 | $1,505 | $1,587 | $1,494 | 49.4% | 4.4% | $60k | 100.0% |
| 84115 | $1,571 | $1,328 | $1,494 | 48.1% | 8.0% | $63k | 100.0% |
| 84102 | $1,516 | $1,386 | $1,494 | 59.7% | 9.8% | $61k | 100.0% |
| 84103 | $1,647 | $1,451 | $1,494 | 38.4% | 9.5% | $66k | 100.0% |
| 84116 | $1,318 | $1,338 | $1,494 | 52.3% | 7.6% | $53k | 100.0% |
| 84119 | $1,434 | $1,520 | $1,494 | 48.2% | 6.8% | $57k | 100.0% |
| 84106 | $1,820 | $1,682 | $1,494 | 40.2% | 7.8% | $73k | 100.0% |
| 84111 | $1,929 | $1,350 | $1,494 | 50.1% | 11.6% | $77k | 100.0% |
| 84123 | $1,458 | $1,467 | $1,494 | 51.4% | 5.5% | $58k | 100.0% |
| 84020 | $1,742 | $1,894 | $1,494 | 45.0% | 2.7% | $70k | 94.5% |
| 84070 | $1,594 | $1,692 | $1,494 | 51.4% | 5.8% | $64k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 84096 rental reportSalt Lake County | Herriman, UT | $2,038 | ▲ 1.0% | 45.6% | 74,603 |
| ZIP 84111 rental reportSalt Lake County | Salt Lake City, UT | $1,929 | ▲ 1.1% | 50.1% | 12,782 |
| ZIP 84106 rental reportSalt Lake County | Salt Lake City, UT | $1,820 | ▲ 1.9% | 40.2% | 35,213 |
| ZIP 84121 rental reportSalt Lake County | Cottonwood Heights, UT | $1,744 | ▲ 1.3% | 35.7% | 38,912 |
| ZIP 84103 rental reportSalt Lake County | Salt Lake City, UT | $1,647 | ▲ 2.6% | 38.4% | 23,749 |
| ZIP 84101 rental reportSalt Lake County | Salt Lake City, UT | $1,578 | ▲ 1.5% | 47.1% | 9,381 |
| ZIP 84102 rental reportSalt Lake County | Salt Lake City, UT | $1,516 | ▼ 0.8% | 59.7% | 18,777 |
| ZIP 84047 rental reportSalt Lake County | Midvale, UT | $1,505 | ▼ 0.7% | 49.4% | 37,411 |
| ZIP 84107 rental reportSalt Lake County | Murray, UT | $1,400 | ▼ 3.1% | 44.2% | 38,257 |
| ZIP 84116 rental reportSalt Lake County | Salt Lake City, UT | $1,318 | ▲ 4.7% | 52.3% | 38,625 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.181% of building value expected lost per year
$2,836 median annual bill
27,858 in · 30,532 out
$70,369 arriving · $77,059 leaving
657 of 12,232 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Salt Lake County | 1,196,523 | $576k | $1,639 | 3.4% | earthquake |
| Tooele County | 79,347 | $482k | $1,735 | 4.3% | wildfire |
No. The record identifies HUD FMR as a two-bedroom payment standard, while Zillow provides the market asking-rent measure.
No. Operating expenses, insurance, vacancy, and financing terms are not published.
QCEW measures annual covered employment at workplaces in the county and covered-worker wages; it does not measure resident employment or forecast demand.