Housing market/Utah/ZIP 84651

ACS 2023 · FY2027 SAFMR

ZIP 84651 Payson, 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
29,502
Households
8,647
Median HH income
$94,152
Renter share
14.5%
Median gross rent
$1,398
Vacancy
3.5%
Pop. change
+14.2%
2BR SAFMR
$1,400
SAFMR / rent
1.001×
2–49 unit stock
887
LIHTC proj / units
5 / 140
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 84651 · UT — sent to you.

ZIP 84651 · UT

ACS median rent$1,398
2BR SAFMR$1,400
90% floor$1,260
110% ceiling$1,540

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

Housing stock

ACS 2023 units-in-structure · ZCTA 84651

  • 1-unit detached7,26981.2%
  • 1-unit attached5476.1%
  • 2–4 units3343.7%
  • 5–49 units5536.2%
  • Mobile2532.8%
TypeUnitsShare
1-unit detached7,26981.2%
1-unit attached5476.1%
2 units (duplex)1521.7%
3–4 units1822.0%
5–9 units1271.4%
10–19 units2773.1%
20–49 units1491.7%
50+ units00.0%
Mobile2532.8%

2–4 unit share 3.7% · 5–49 unit share 6.2% · combined 2–49 9.9%.

Units by bedrooms

Studio
0
1BR
224
2BR
1,281
3BR
2,785
4BR
2,000
5+
2,666

Rent burden

Rent ≥30% of income49.8%
Rent ≥50% of income15.1%
  • ACS median gross rent $1,398 (all bedrooms, occupied rentals).
  • Median contract rent $1,109.
  • Renters paying ≥30% of income 49.8%; ≥50% 15.1%.
  • FY2027 2BR SAFMR $1,400 (1.001× ACS median gross rent).

Population

29,502 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +14.2%.

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

Assisted inventory

  • LIHTC: 5 projects, 140 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 1,687 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 84651 14.5% of occupied households are renters; vacancy is 3.5%; ACS median gross rent is $1,398; population increased +14.2% between the 2018 and 2023 ACS vintages; the housing stock includes 334 units in 2–4-unit structures and 553 units in 5–49-unit structures; 5 LIHTC projects totaling 140 units; FY2027 2BR SAFMR is $1,400 versus ACS median gross rent of $1,398. 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 84651 is a Census / HUD profile for Provo-Orem-Lehi, UT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

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 84651?

ZIP 84651 (Provo-Orem-Lehi, UT MSA) has 29,502 residents, 8,647 households, a renter share of 14.5%, median household income of $94,152, and ACS 2023 median gross rent of $1,398. Vacancy is 3.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 84651?

ACS counts 152 units in 2-unit buildings, 182 in 3–4 unit buildings, 127 in 5–9, 277 in 10–19, and 149 in 20–49. Combined 2–49 unit stock is 887 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 84651?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,400. See the full schedule and 90–110% payment-standard band on the ZIP 84651 — Payson, UT HUD Section 8 Payment Standards / SAFMR.

Does this Utah ZIP profile include Georgia listings?

No. ZIP 84651 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.