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ZIP Code · UT

ZIP 84047

Part of Midvale, UT
Pop. 37,411·Salt Lake County·65th most expensive ZIP in Utah
Median rent (all units)
$1,505/mo
Year-over-Year
-5.5%
Month-over-Month
Stable
vs US Median
-$460
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 84047 · $1,505
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,280
1 BR
$1,480
2 BR
$1,780
3 BR
$2,380
4 BR+
$2,720
Research median
$1,780/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
$18,060/yr
At $1,505/mo median
Location
StateUT
CountySalt Lake County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 5.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-5.5% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 84047 (Midvale, UT) is majority renter-occupied, skews toward younger working-age adults, 34.7% of residents hold a bachelor's degree or higher.

Population
37,411
Median income
$75,954
Median age
33.1
Renters
56.2%
Age distribution
20.9%
34.1%
25.4%
Under 1820.9%
18–3434.1%
35–5425.4%
55–649.5%
65+10.1%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
70.5%
18.7%
White70.5%
Black1.8%
Hispanic18.7%
Asian4.6%
Other4.4%
Education (25+)
22.3%
34.8%
34.7%
No HS diploma8.3%
HS diploma22.3%
Some college34.8%
Bachelor's+34.7%
Housing tenure
43.8%
56.2%
Owner43.8%
Renter56.2%

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

2021 vs 2026

How ZIP 84047 in Midvale, UT has changed in 5 years

Rent
$1,297 → $1,505
up 16.0%
Income
$65,501 → $75,954
up 16.0%
Population
36,275 → 37,411
up 3.1%
Renter share
53.8% → 56.2%
+2.4 pts
Bachelor's+
32.2% → 34.7%
+2.5 pts
Median age
32.6 → 33.1
+0.5 yrs

Compared with 2021, rent in ZIP 84047 in Midvale, UT has increased by $208 per month, settling near $1,505 after starting the period at $1,297. On the earnings side, the typical household in ZIP 84047 in Midvale, UT now reports about $75,954, up from $65,501 in 2021. Headcount in the area went from 36,275 to 37,411 between 2021 and 2024, a 3.1% change. About 56.2% of households rent today, against 53.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 32.2% to 34.7%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 84047 in Midvale, UT reflects that arc in its own way.

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Local insights

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About renting in ZIP 84047

Last updated: July 20, 2026

ZIP code 84047 covers Midvale, UT. The median rent here is $1,505/mo as of July 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,780/mo.

At 24% of local median household income ($75,954/yr), ZIP 84047 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 84047?

As of July 20, 2026, the median monthly rent in ZIP 84047 (Midvale, UT) is $1,505. This is based on aggregated data from public sources and community submissions.

How does ZIP 84047 rent compare to the US average?

ZIP 84047's median rent of $1,505/mo is $460 (23%) below the US national median of $1,965/mo.

How does ZIP 84047 compare to other ZIPs in Utah?

ZIP 84047 is among the more affordable ZIP codes in Utah, ranking #65 out of 79 ZIPs at $1,505/mo.

How much income do you need to rent in ZIP 84047?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,505/mo in ZIP 84047. The local median household income is $75,954/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 84047?

Rent in ZIP 84047 has decreased 5.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 84047 an affordable place to rent?

ZIP 84047 is considered very affordable for renters. At $1,505/mo, rent takes approximately 24% of the local median household income ($75,954/yr). The standard benchmark is 30%. ZIP 84047 falls comfortably within that range.

What percentage of ZIP 84047 residents rent vs. own?

According to Census data, approximately 56.2% of ZIP 84047 households are renters, while 43.8% are owner-occupied. With a majority renter population, ZIP 84047 has a strong rental market.

How does ZIP 84047 compare to the rest of Midvale?

ZIP 84047 is more affordable than Midvale overall. At $1,505/mo, it's $24 below the Midvale citywide median of $1,529/mo.

When was rent data for ZIP 84047 last updated?

Rent data for ZIP 84047 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,505/mo, rent takes ~24% of ZIP 84047's median household income ($75,954/yr). The standard benchmark is 30%.

ZIP 84047 24%Benchmark 30%
State income tax4.55%
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Schools nearby

Public schools near ZIP 84047 (Midvale, UT)

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