ZIP Code · UT

ZIP 84097

Part of Orem, UT

Pop. 22,217·Utah County·55th most expensive ZIP in Utah

Median rent (all units)

$1,575/mo

Year-over-Year

+4.2%

Month-over-Month

-1.1%

vs US Median

-$357

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 84097 · $1,575

More affordable than 67% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,220

2 BR

$1,410

3 BR

$1,960

4 BR+

$2,370

Research median

$1,410/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

Compared with the peak

Rent in ZIP 84097 is 4.2% below its high of $1,644 in April 2026, at $1,575 as of September 2026.

Past year vs. the rest of Utah

Rent in ZIP 84097 changed +4.2% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent has fallen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($94,194) is $2,355 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,960); a 4-bedroom is $2,370.

Rank in Orem

3rd cheapest of 3 ZIP codes in Orem.

From Zillow's monthly rent index (ZORI) for ZIP 84097. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,900/yr

At $1,575/mo median

Location

CityOrem

StateUT

CountyUtah County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.2% YoY, -1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 84097 (Orem, UT) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51% of residents hold a bachelor's degree or higher.

Population

22,217

Median income

$94,194

Median age

29.3

Renters

29%

Age distribution

28.9%

28%

21.3%

14.3%

Under 1828.9%

18–3428%

35–5421.3%

55–647.4%

65+14.3%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

84.7%

White84.7%

Hispanic11%

Asian1%

Other3.1%

Education (25+)

13.5%

33.8%

51%

No HS diploma1.7%

HS diploma13.5%

Some college33.8%

Bachelor's+51%

Housing tenure

71%

29%

Owner71%

Renter29%

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

2023 vs 2026

How ZIP 84097 in Orem, UT has changed in 5 years

Rent

$1,411 → $1,575

up 11.6%

Income

$82,931 → $94,194

up 13.6%

Population

22,131 → 22,217

up 0.4%

Renter share

25.6% → 29%

+3.4 pts

Bachelor's+

50.2% → 51%

+0.8 pts

Compared with 2023, rent in ZIP 84097 in Orem, UT has increased by $164 per month, settling near $1,575 after starting the period at $1,411. On the earnings side, the typical household in ZIP 84097 in Orem, UT now reports about $94,194, up from $82,931 in 2021. About 29% of households rent today, against 25.6% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 84097 in Orem, UT reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 84097

About renting in ZIP 84097

Last updated: October 17, 2026

ZIP code 84097 covers Orem, UT. The median rent here is $1,575/mo as of October 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,410/mo.

At 20% of local median household income ($94,194/yr), ZIP 84097 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 84097?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,575/mo in ZIP 84097. The local median household income is $94,194/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84097?

Rent in ZIP 84097 has risen 4.2% over the past year as of September 2026. It sits 4.2% below its high of $1,644 in April 2026.

How does ZIP 84097 compare to other ZIPs in Utah?

ZIP 84097 is one of the more affordable among Utah ZIP codes for rent, ranking #55 of 79 at $1,575/mo. Over the year to September 2026, rent in ZIP 84097 changed +4.2%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.