How many renters live in Utah?
The State of Utah has 702,434 people living in 204,285 households.
There are 178,867 renters living in 64,001 renter households in this State. Renters make up 25.46 percent of the population living in Utah.
What is the rental market like in Utah?
There are an estimated 212,767 housing units in the Utah area. Of these, 66,711 units are rental homes, making up 31 percent of the housing market. For every renter household in Utah, there are 1 rental units.
What is the vacancy rate for rentals in Utah?
The rental vacancy rate in Utah is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Utah for each bedroom size?
Occupied Rental Units by Size in Utah
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,644 | 9,271 | 22,579 | 17,174 | 8,624 |
Occupied Rental Units by Size in Utah
A large number of apartments in Utah have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Utah are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How many units are rented at Fair Market Rent (FMR) in Utah?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 581 | 35 percent |
| One BR | 4,788 | 52 percent |
| Two BR | 11,216 | 50 percent |
Rental Units Below FMR in Utah
How many affordable rental units are in Utah?
There are a variety of federal affordable housing programs serving households in Utah including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,847 |
| Public Housing | 248 |
| Section 8 Project-Based Rental Assistance | 113 |
| Section 202 Supportive Housing for the Elderly | 41 |
| USDA Section 515 Rural Rental Housing | 76 |
| USDA Section 514 Farm Labor Housing | 13 |
Tracked Units by Federal Program in Utah
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Utah
Utah features 8,805 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Utah
There are 21,212 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Utah.
Housing Choice Vouchers in Utah
On average, Section 8 Housing Choice vouchers pay Utah landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Utah.
The maximum amount a voucher would pay on behalf of a low-income tenant in Utah for a two-bedroom apartment is between $1,128 and $1,378.
Sourced from federal housing data and AffordableHousingOnline.com research.
