ZIP Code · UT

ZIP 84047

Part of Midvale, UT

Pop. 37,411·Salt Lake County·57th most expensive ZIP in Utah

Median rent (all units)

$1,561/mo

Year-over-Year

-0.2%

Month-over-Month

+0.5%

vs US Median

-$371

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 84047 · $1,561

More affordable than 68% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 84047 usually run 1.3% below trend in December and 1% above it in August, about $36 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 84047 is 0.8% below its high of $1,574 in February 2023, at $1,561 as of September 2026.

Past year vs. the rest of Utah

Rent in ZIP 84047 changed -0.2% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($75,954) is $1,899 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,780); a 3-bedroom is $2,380.

From Zillow's monthly rent index (ZORI) for ZIP 84047. 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

$18,732/yr

At $1,561/mo median

Location

CityMidvale

StateUT

CountySalt Lake County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.2% YoY, +0.5% 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

$1,277 → $1,561

up 22.2%

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 $284 per month, settling near $1,561 after starting the period at $1,277. On the earnings side, the typical household in ZIP 84047 in Midvale, UT now reports about $75,954, up from $65,501 in 2021. Rent outpaced income growth by roughly 6.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did 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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About renting in ZIP 84047

Last updated: October 17, 2026

ZIP code 84047 covers Midvale, UT. The median rent here is $1,561/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,780/mo.

At 25% of local median household income ($75,954/yr), ZIP 84047 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

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 $62,000/year (about $30/hour full-time) to afford the median rent of $1,561/mo in ZIP 84047. The local median household income is $75,954/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84047?

Rent in ZIP 84047 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 0.8% below its high of $1,574 in February 2023.

When is the cheapest time to rent in ZIP 84047?

Asking rents in ZIP 84047 are usually lowest in December, about 1.3% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $36 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 84047 compare to other ZIPs in Utah?

ZIP 84047 is one of the more affordable among Utah ZIP codes for rent, ranking #57 of 79 at $1,561/mo. Over the year to September 2026, rent in ZIP 84047 changed -0.2%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.