ZIP Code · UT

ZIP 84123

Part of Taylorsville, UT

Pop. 37,054·Salt Lake County·67th most expensive ZIP in Utah

Median rent (all units)

$1,499/mo

Year-over-Year

+0.1%

Month-over-Month

+0.7%

vs US Median

-$433

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 84123 · $1,499

More affordable than 73% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,390

2 BR

$1,670

3 BR

$2,230

4 BR+

$2,550

Research median

$1,670/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 84123 is 6.9% below its high of $1,610 in October 2022, at $1,499 as of September 2026.

Past year vs. the rest of Utah

Rent in ZIP 84123 changed +0.1% 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 ($81,271) is $2,032 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,670); a 3-bedroom is $2,230.

From Zillow's monthly rent index (ZORI) for ZIP 84123. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,988/yr

At $1,499/mo median

Location

CityTaylorsville

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 (+0.1% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 84123 (Taylorsville, UT) is majority owner-occupied, 28% of residents hold a bachelor's degree or higher.

Population

37,054

Median income

$81,271

Median age

34.7

Renters

40.5%

Age distribution

23.6%

27.1%

24.3%

13.7%

Under 1823.6%

18–3427.1%

35–5424.3%

55–6411.3%

65+13.7%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

70.1%

21.3%

White70.1%

Black2.8%

Hispanic21.3%

Asian4.5%

Other1.3%

Education (25+)

29.2%

33.3%

28%

No HS diploma9.5%

HS diploma29.2%

Some college33.3%

Bachelor's+28%

Housing tenure

59.5%

40.5%

Owner59.5%

Renter40.5%

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

2023 vs 2026

How ZIP 84123 in Taylorsville, UT has changed in 5 years

Rent

$1,583 → $1,499

down 5.3%

Income

$67,262 → $81,271

up 20.8%

Population

37,662 → 37,054

down 1.6%

Renter share

42.4% → 40.5%

-1.9 pts

Bachelor's+

27.2% → 28%

+0.8 pts

Median age

33.8 → 34.7

+0.9 yrs

Across the past five years, the going rent in ZIP 84123 in Taylorsville, UT has shifted from $1,583 to $1,499, down 5.3% since 2023. On the earnings side, the typical household in ZIP 84123 in Taylorsville, UT now reports about $81,271, up from $67,262 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 84123 in Taylorsville, UT losing about 608 residents over the five-year window, down 1.6% on net. The renter share has eased from 42.4% to 40.5%, with owner-occupied housing accounting for the remainder. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 84123 in Taylorsville, UT reflects that arc in its own way.

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About renting in ZIP 84123

Last updated: October 17, 2026

ZIP code 84123 covers Taylorsville, UT. The median rent here is $1,499/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,670/mo.

At 22% of local median household income ($81,271/yr), ZIP 84123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 84123?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,499/mo in ZIP 84123. The local median household income is $81,271/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84123?

Rent in ZIP 84123 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 6.9% below its high of $1,610 in October 2022.

How does ZIP 84123 compare to other ZIPs in Utah?

ZIP 84123 is one of the more affordable among Utah ZIP codes for rent, ranking #67 of 79 at $1,499/mo. Over the year to September 2026, rent in ZIP 84123 changed +0.1%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.