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Rental Insights for ZIP Code 84006 (Bingham Canyon, UT)

Housing Rentals in ZIP Code 84006 (Bingham Canyon, UT)

84006 ZIP Code in Utah

Everything to Know About Rentals in the U.S. ZIP Code 84006

ZIP Code 84006 is primarily associated with Bingham Canyon, UT in Salt Lake County. This Utah region has an estimated median housing rent of $1,086 per month. About 25.9% of housing units in this Salt Lake County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 84006 of $1,086 per month is 5% higher than the aggregate Utah median monthly rent of $1,037, and is 2% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 57.5% of residents in ZIP Code 84006 pay between $1,000 and $1,499 per month for rent. That is 62% higher than in Utah overall, in which 35.4% of total state residents pay between $1,000 and $1,499 per month for housing. Just 42.5% of renters in this Bingham Canyon, UT region pay between $500 and $999 per month for rent.

ZIP Code 84006 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 84006

See the chart below for a comparison of monthly rental costs in ZIP Code 84006, Utah, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 84006 along with those in the state of Utah and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 84006

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 84006 Utah U.S.
Less than $500 0.0% 7.2% 9.4%
$500 to $999 42.5% 39.7% 36.2%
$1,000 to $1,499 57.5% 35.4% 30.0%
$1,500 to $1,999 0.0% 13.2% 14.0%
$2,000 to $2,499 0.0% 3.0% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.8% 2.4%

Rent Cost vs. Income in ZIP Code 84006

Renters in ZIP Code 84006 use an estimated 19.37% of their income to cover their monthly rent payments. That is about 32% lower than in Utah overall. The estimate for Utah overall is 28.59% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 84006 renters use about 35% less of their income to cover rent expense. Household income figures for ZIP Code 84006 come in higher than in Utah as a whole. The median annual household income in ZIP Code 84006 of $80,909 sits approximately 13% higher than the overall Utah median income of $71,621 and approximately 29% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 84006

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 84006, Utah, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 84006 along with the same calculations in the state of Utah and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 84006

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 84006 Utah U.S.
Less than 15.0 percent 32.2% 13.9% 13.1%
15.0 to 19.9 percent 35.6% 15.1% 12.9%
20.0 to 24.9 percent 0.0% 14.5% 12.9%
25.0 to 29.9 percent 10.3% 11.9% 11.6%
30.0 to 34.9 percent 21.8% 9.3% 9.1%
35.0 percent or more 0.0% 35.3% 40.5%

Household Income in ZIP Code 84006

See the table below for the regional comparison of annual household income in ZIP Code 84006.

Income ZIP 84006 Utah U.S.
Less than $10,000 0.0% 3.9% 6.0%
$10,000 to $14,999 0.0% 2.9% 4.3%
$15,000 to $24,999 3.0% 6.4% 8.9%
$25,000 to $34,999 12.2% 7.7% 8.9%
$35,000 to $49,999 12.2% 12.1% 12.3%
$50,000 to $74,999 17.3% 19.5% 17.2%
$75,000 to $99,999 33.0% 15.5% 12.7%
$100,000 to $149,999 16.4% 18.5% 15.1%
$150,000 to $199,999 3.3% 7.2% 6.8%
$200,000 or more 2.7% 6.4% 7.7%

Household Income in ZIP Code 84006

See the chart below for a comparison of annual household income figures in ZIP Code 84006, Utah, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 84006 alongside the same figures for the state of Utah and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 84006

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 84006.

ZIP 84006 Utah U.S.
Median Housing Rent $1,086 $1,037 $1,062
Renter-Occupied Housing Units 25.9% 29.8% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.92 2.80 2.49
Average # of Bedrooms Per Unit 2.48 3.43 2.75
Percent of Income Spent on Rent 19.37% 28.59% 29.83%
Per Capita Income $31,614 $29,775 $34,103
Median Household Income $80,860 $91,292 $88,607
Living Below the Poverty Line 0.0% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 84006

In ZIP Code 84006 (Bingham Canyon, UT), and estimated 25.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 84006 is estimated at $31,614, which goes along with an estimated median household income of $80,860. About 0.0% of residents in this Salt Lake County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.92 occupants, while the units have an aggregate average size of 2.48 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 19.37% of their income on housing rental costs.

Rental FAQs for ZIP Code 84006

1

What is the median monthly rent in ZIP Code 84006?

Median rent for housing in ZIP Code 84006 in Salt Lake County in Utah is approximately $1,086 per month.
2

Is it expensive to rent in ZIP Code 84006?

Rent in ZIP Code 84006 is higher than average in the state of Utah overall. The median monthly rent of $1,086 in ZIP Code 84006 is approximately 5% higher than the Utah median of $1,037. Additionally, median rent in this Bingham Canyon, UT region ($1,086) is about 2% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 84006?

High-priced rentals are not common in the Bingham Canyon, UT ZIP Code of 84006, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Utah overall, approximately 0.8% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 84006?

Affordable rentals are less common in ZIP Code 84006 than in Utah overall. The percentage of housing rentals in ZIP Code 84006 costing $999 or less per month (42.5%) is approximately 9% lower than the Utah rate of 46.9% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 7% higher than the previously mentioned 84006 rate of 42.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 84006?

The most common range for rental cost in ZIP Code 84006 is between $1,000 and $1,499 per month. About 57.5% of renters in 84006 pay in this range for monthly rent. In comparison, approximately 35.4% of renters in the state of Utah fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 84006 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 84006 is lower than the rental vacancy rate in the state of Utah overall. Rental vacancy of 0.0% in ZIP Code 84006 is about 100% lower than the Utah rate of 6.0%. Looking more broadly, rental vacancy in this Bingham Canyon, UT region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 84006? How does it compare to other Utah regions?

Median household income in ZIP Code 84006 is higher than in the state of Utah overall. Annual household income of $80,909 in ZIP Code 84006 is about 13% higher than the Utah median of $71,621. Additionally, median household income in this Bingham Canyon, UT region ($80,909) is approximately 29% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 84006 spend on housing costs?

Renters in ZIP Code 84006 spend a lower amount of their income on rent costs than do renters in Utah overall. Renters in ZIP Code 84006 spend an estimated 19.37% of their income on rent payments, which is about 32% lower than the overall Utah estimated rate of 28.59%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 35% higher than the ZIP Code 84006 estimated rate of 19.37%.
9

Do renters in ZIP Code 84006 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 84006 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 84006 spending 30 percent or more of their income on rent costs (21.8%) is approximately 51% lower than the Utah rate of 44.6% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 56% higher than the aforementioned 84006 rate of 21.8%.
10

What is the average household size of renter-occupied units in ZIP Code 84006?

The average household size of renter-occupied units in ZIP Code 84006 is higher than in the state of Utah overall. Annual household size of 2.92 in ZIP Code 84006 is about 4% higher than the Utah median of 2.80. Additionally, median household size in this Bingham Canyon, UT region (2.92) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Utah ZIP Codes