ZIP Code · UT

ZIP 84720

Part of Cedar City, UT

Pop. 25,708·Iron County·75th most expensive ZIP in Utah

Median rent (all units)

$1,418/mo

Year-over-Year

+1.8%

Month-over-Month

Stable

vs US Median

-$514

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 84720 · $1,418

More affordable than 79% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,040

1 BR

$1,050

2 BR

$1,340

3 BR

$1,780

4 BR+

$2,250

Research median

$1,340/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 84720 is 0.3% below its high of $1,422 in March 2024, at $1,418 as of September 2026.

Past year vs. the rest of Utah

Rent in ZIP 84720 changed +1.8% over the year to September 2026. Across the 66 Utah ZIP codes Zillow tracks, the typical change was +1.3%.

What a typical income covers

30% of the median household income ($67,670) is $1,692 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,340); a 3-bedroom is $1,780.

From Zillow's monthly rent index (ZORI) for ZIP 84720. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,016/yr

At $1,418/mo median

Location

CityCedar City

StateUT

CountyIron 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 (+1.8% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 84720 (Cedar City, UT) is majority owner-occupied, skews toward younger working-age adults, 36.4% of residents hold a bachelor's degree or higher.

Population

25,708

Median income

$67,670

Median age

29.5

Renters

35.6%

Age distribution

25.2%

32%

18.9%

15.1%

Under 1825.2%

18–3432%

35–5418.9%

55–648.8%

65+15.1%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

83.7%

White83.7%

Black1.2%

Hispanic11%

Asian2.4%

Other1.6%

Education (25+)

23.6%

34.1%

36.4%

No HS diploma6%

HS diploma23.6%

Some college34.1%

Bachelor's+36.4%

Housing tenure

64.4%

35.6%

Owner64.4%

Renter35.6%

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

2021 vs 2026

How ZIP 84720 in Cedar City, UT has changed in 5 years

Income

$54,418 → $67,670

up 24.4%

Population

22,797 → 25,708

up 12.8%

Renter share

38.7% → 35.6%

-3.1 pts

Bachelor's+

35.2% → 36.4%

+1.2 pts

Median age

27 → 29.5

+2.5 yrs

Household income in the area moved from $54,418 to $67,670 across the same window, up 24.4% versus 2021. The population has grown by 12.8% since 2021, moving from about 22,797 residents to roughly 25,708. Renters now make up 35.6% of households, compared with 38.7% five years ago.

Community

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Local insights

Tips for renters in ZIP 84720

About renting in ZIP 84720

Last updated: October 17, 2026

ZIP code 84720 covers Cedar City, UT. The median rent here is $1,418/mo as of October 2026. A 1-bedroom rents for a median of $1,050/mo. A 2-bedroom rents for a median of $1,340/mo.

At 25% of local median household income ($67,670/yr), ZIP 84720 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 84720?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,418/mo in ZIP 84720. The local median household income is $67,670/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 84720?

Rent in ZIP 84720 has risen 1.8% over the past year as of September 2026. It sits 0.3% below its high of $1,422 in March 2024.

How does ZIP 84720 compare to other ZIPs in Utah?

ZIP 84720 is one of the more affordable among Utah ZIP codes for rent, ranking #75 of 79 at $1,418/mo. Over the year to September 2026, rent in ZIP 84720 changed +1.8%, against a typical +1.3% across the 66 Utah ZIP codes Zillow tracks.