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)

$1,700/mo

Year-over-Year

+2.7%

Month-over-Month

+0.3%

vs US Median

-$232

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 84020 · $1,700

More affordable than 58% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 84020 usually run 1.1% below trend in January and 1.3% above it in July, about $41 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 84020 is at its highest level since Zillow's records here began in January 2019.

Past year vs. the rest of Utah

Rent in ZIP 84020 changed +2.7% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 84020 rose 34.9% while median household income rose 9.9% ($117,266 to $128,910). Rent outpaced income.

Since before the pandemic

Rent in ZIP 84020 is 34.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($128,910) is $3,223 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,190).

From Zillow's monthly rent index (ZORI) for ZIP 84020. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,400/yr

At $1,700/mo median

Location

CityDraper

StateUT

CountySalt Lake County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.7% YoY, +0.3% 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

$1,350 → $1,700

up 25.9%

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 $1,350 in 2021 and currently runs about $1,700, reflecting a 25.9% 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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About renting in ZIP 84020

Last updated: October 17, 2026

ZIP code 84020 covers Draper, UT. The median rent here is $1,700/mo as of October 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 2.7% over the past year.

FAQ

Frequently asked questions

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 $68,000/year (about $33/hour full-time) to afford the median rent of $1,700/mo in ZIP 84020. The local median household income is $128,910/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84020?

Rent in ZIP 84020 has risen 2.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2019.

When is the cheapest time to rent in ZIP 84020?

Asking rents in ZIP 84020 are usually lowest in January, about 1.1% below their yearly trend, and highest in July, about 1.3% above it. At today's median that is a gap of roughly $41 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 84020?

Yes. From 2019 to 2024, rent in ZIP 84020 rose 34.9% while median household income rose 9.9%, from $117,266 to $128,910. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 84020 compare to other ZIPs in Utah?

ZIP 84020 is in the middle among Utah ZIP codes for rent, ranking #40 of 79 at $1,700/mo. Over the year to September 2026, rent in ZIP 84020 changed +2.7%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.