US5.com
  1. Home
  2. States
  3. Utah
  4. ZIP 84047
  5. Housing & Real Estate
Midvale city, UT

ZIP 84047 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 84047

Median Home Value
$404,200
Median Rent
$1,335
Affordability Snapshot
$111,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,596/mo PITI).

22%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

25.2 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 84047 in Midvale city, UT, a household would need roughly $111,000 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 $2,596. That is about 52% above the local median household income ($73,120), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
44.5%-32% vs US avg
x
Vacancy Rate
5.8%-43% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
3.0%-76% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
27.2%-29% vs US avg
x
$404,200
Home Value
$1,335
Rent
1986
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached33.7%
  • 1-unit attached12.6%
  • 2-9 units19.6%
  • 10+ units33.4%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$404,200
Median rent$1,335
Owner-occupied44.5%
Vacant5.8%
Price-to-income5.5x
Est. income to buy$111,000