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ZIP Code · UT

ZIP 84020

Part of Draper, UT
Pop. 50,278·Salt Lake County·40th most expensive ZIP in Utah
Median rent (all units)
$1,742/mo
Year-over-Year
+5.8%
Month-over-Month
+1.5%
vs US Median
-$223
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 84020 · $1,742
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,520
1 BR
$1,740
2 BR
$2,080
3 BR
$2,790
4 BR+
$3,190
Research median
$2,080/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,904/yr
At $1,742/mo median
Location
CityDraper
StateUT
CountySalt Lake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.8% YoY, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 84020 (Draper, UT) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51.9% of residents hold a bachelor's degree or higher.

Population
50,278
Median income
$128,910
Median age
34.3
Renters
31.4%
Age distribution
28.7%
22.1%
29.3%
Under 1828.7%
18–3422.1%
35–5429.3%
55–649.9%
65+10%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
79.3%
White79.3%
Black1.8%
Hispanic8.1%
Asian6.3%
Other4.5%
Education (25+)
13.9%
31.7%
51.9%
No HS diploma2.5%
HS diploma13.9%
Some college31.7%
Bachelor's+51.9%
Housing tenure
68.6%
31.4%
Owner68.6%
Renter31.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 84020 in Draper, UT has changed in 5 years

Rent
$1,300 → $1,742
up 34.0%
Income
$116,977 → $128,910
up 10.2%
Population
49,978 → 50,278
up 0.6%
Renter share
24.2% → 31.4%
+7.2 pts
Bachelor's+
47.4% → 51.9%
+4.5 pts
Median age
33.1 → 34.3
+1.2 yrs

The median rent in ZIP 84020 in Draper, UT stood at $1,300 in 2021 and currently runs about $1,742, reflecting a 34.0% increase over the period. Census figures show median household income at $128,910 today, compared with $116,977 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 31.4% of households, compared with 24.2% five years ago. College-educated residents now make up 51.9% of adults here, versus 47.4% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 84020

Last updated: July 20, 2026

ZIP code 84020 covers Draper, UT. The median rent here is $1,742/mo as of July 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,080/mo.

At 16% of local median household income ($128,910/yr), ZIP 84020 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 84020?

As of July 20, 2026, the median monthly rent in ZIP 84020 (Draper, UT) is $1,742. This is based on aggregated data from public sources and community submissions.

How does ZIP 84020 rent compare to the US average?

ZIP 84020's median rent of $1,742/mo is $223 (11%) below the US national median of $1,965/mo.

How does ZIP 84020 compare to other ZIPs in Utah?

ZIP 84020 falls in the middle range for Utah, ranking #40 out of 79 ZIPs at $1,742/mo.

How much income do you need to rent in ZIP 84020?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,742/mo in ZIP 84020. The local median household income is $128,910/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 84020?

Rent in ZIP 84020 has increased 5.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 84020 an affordable place to rent?

ZIP 84020 is considered very affordable for renters. At $1,742/mo, rent takes approximately 16% of the local median household income ($128,910/yr). The standard benchmark is 30%. ZIP 84020 falls comfortably within that range.

What percentage of ZIP 84020 residents rent vs. own?

According to Census data, approximately 31.4% of ZIP 84020 households are renters, while 68.6% are owner-occupied. ZIP 84020 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 84020 compare to the rest of Draper?

ZIP 84020 sits right at the Draper citywide median of $1,742/mo.

When was rent data for ZIP 84020 last updated?

Rent data for ZIP 84020 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,742/mo, rent takes ~16% of ZIP 84020's median household income ($128,910/yr). The standard benchmark is 30%.

ZIP 84020 16%Benchmark 30%
State income tax4.55%
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Public schools near ZIP 84020 (Draper, UT)

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