Salt Lake City, UT · Utah

Tooele County

ZIP 84029

76,648 residents497 permits TTM$101,846 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$391,300

ACS 5-Year

Cap rate proxy

3.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.4%

HUD FMR ÷ ACS HHI

Net migration

+2.81%

IRS SOI

Permits (TTM)

497

Census BPS

Climate risk

48.9

FEMA NRI (0–100)

ZIP 84029

Median home value

Gross yield

Cap rate

2.6%

Rent gap

Affordability

P/I: 5.2R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
840745.5%
840223.5%
840343.5%
840693.5%
840803.5%

Ranked by composite score

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Demographics

Owner-occupied

82.6%

Census ACS

Vacancy rate

4.5%

Census ACS

Bachelor's degree +

23.2%

Census ACS

Rent burdened

34.9%

Census ACS (>30% income)

Median age

32.0

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026