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Draper city, UT

ZIP 84020 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84020

Median Home Value
$726,000
Median Rent
$1,701
Affordability Snapshot
$200,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,664/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

35.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 84020 in Draper city, UT, a household would need roughly $200,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,664. That is about 53% above the local median household income ($130,680), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
71.7%+10% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
33.7%+128% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
3.2%-54% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
25.6%-33% vs US avg
x
$726,000
Home Value
$1,701
Rent
2003
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.8%
  • 1-unit attached15.3%
  • 2-9 units6.1%
  • 10+ units15.1%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$726,000
Median rent$1,701
Owner-occupied71.7%
Vacant3.2%
Price-to-income5.6x
Est. income to buy$200,000