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Rental Insights for ZIP Code 84062 (Pleasant Grove, UT)

Housing Rentals in ZIP Code 84062 (Pleasant Grove, UT)

84062 ZIP Code in Utah

Everything to Know About Rentals in the U.S. ZIP Code 84062

ZIP Code 84062 is primarily associated with Pleasant Grove, UT in Utah County. This Utah region has an estimated median housing rent of $1,148 per month. About 28.9% of housing units in this Utah County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 3.3%.

The median rent in ZIP Code 84062 of $1,148 per month is 11% higher than the aggregate Utah median monthly rent of $1,037, and is 8% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 49.8% of residents in ZIP Code 84062 have a monthly rent payment between $1,000 and $1,499. That is 41% 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 0.8% of renters in this Pleasant Grove, UT region pay between $2,500 and $2,999 per month for rent.

ZIP Code 84062 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 84062

See the chart below for a comparison of monthly rental costs in ZIP Code 84062, Utah, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 84062 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 84062

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

Cost ZIP 84062 Utah U.S.
Less than $500 3.9% 7.2% 9.4%
$500 to $999 26.4% 39.7% 36.2%
$1,000 to $1,499 49.8% 35.4% 30.0%
$1,500 to $1,999 14.5% 13.2% 14.0%
$2,000 to $2,499 3.4% 3.0% 5.6%
$2,500 to $2,999 0.8% 0.8% 2.4%
$3,000 or more 1.1% 0.8% 2.4%

Rent Cost vs. Income in ZIP Code 84062

Renters in ZIP Code 84062 use an estimated 30.29% of their income to cover their monthly rent payments. That is about 6% higher 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 84062 renters use about 2% more of their income to cover rent expense. Household income figures for ZIP Code 84062 come in higher than in Utah as a whole. The median annual household income in ZIP Code 84062 of $77,030 sits approximately 8% higher than the overall Utah median income of $71,621 and approximately 23% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 84062

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 84062, 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 84062 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 84062

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

Rent Cost as % of Income ZIP 84062 Utah U.S.
Less than 15.0 percent 11.5% 13.9% 13.1%
15.0 to 19.9 percent 12.3% 15.1% 12.9%
20.0 to 24.9 percent 14.1% 14.5% 12.9%
25.0 to 29.9 percent 11.2% 11.9% 11.6%
30.0 to 34.9 percent 9.0% 9.3% 9.1%
35.0 percent or more 41.9% 35.3% 40.5%

Household Income in ZIP Code 84062

See the table below for the regional comparison of annual household income in ZIP Code 84062.

Income ZIP 84062 Utah U.S.
Less than $10,000 3.1% 3.9% 6.0%
$10,000 to $14,999 2.4% 2.9% 4.3%
$15,000 to $24,999 3.9% 6.4% 8.9%
$25,000 to $34,999 9.7% 7.7% 8.9%
$35,000 to $49,999 11.3% 12.1% 12.3%
$50,000 to $74,999 18.4% 19.5% 17.2%
$75,000 to $99,999 14.5% 15.5% 12.7%
$100,000 to $149,999 21.0% 18.5% 15.1%
$150,000 to $199,999 7.7% 7.2% 6.8%
$200,000 or more 8.0% 6.4% 7.7%

Household Income in ZIP Code 84062

See the chart below for a comparison of annual household income figures in ZIP Code 84062, Utah, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 84062 alongside the same figures for the state of Utah and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 84062

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 84062.

ZIP 84062 Utah U.S.
Median Housing Rent $1,148 $1,037 $1,062
Renter-Occupied Housing Units 28.9% 29.8% 36.0%
Rental Vacancy Rate 3.3% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.98 2.80 2.49
Average # of Bedrooms Per Unit 3.83 3.43 2.75
Percent of Income Spent on Rent 30.29% 28.59% 29.83%
Per Capita Income $27,690 $29,775 $34,103
Median Household Income $95,894 $91,292 $88,607
Living Below the Poverty Line 4.6% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 84062

In ZIP Code 84062 (Pleasant Grove, UT), and estimated 28.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.3%.

The per capita income in 84062 is estimated at $27,690, which goes along with an estimated median household income of $95,894. About 4.6% of residents in this Utah County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.98 occupants, while the units have an aggregate average size of 3.83 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.29% of their income on housing rental costs.

Rental FAQs for ZIP Code 84062

1

What is the median monthly rent in ZIP Code 84062?

Median rent for housing in ZIP Code 84062 in Utah County in Utah is approximately $1,148 per month.
2

Is it expensive to rent in ZIP Code 84062?

Rent in ZIP Code 84062 is higher than average in the state of Utah overall. The median monthly rent of $1,148 in ZIP Code 84062 is approximately 11% higher than the Utah median of $1,037. Additionally, median rent in this Pleasant Grove, UT region ($1,148) is about 8% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 84062?

High-priced rentals are more common in ZIP Code 84062 than in Utah overall. The percentage of rentals in ZIP Code 84062 that cost $3,000 or more per month (1.1%) is about 38% higher than the Utah rate of 0.8% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 54% higher than the aforementioned 84062 rate of 1.1%.
4

Are affordable rentals common in ZIP Code 84062?

Affordable rentals are less common in ZIP Code 84062 than in Utah overall. The percentage of housing rentals in ZIP Code 84062 costing $999 or less per month (30.3%) is approximately 35% 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 34% higher than the previously mentioned 84062 rate of 30.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 84062?

The most common range for rental cost in ZIP Code 84062 is between $1,000 and $1,499 per month. About 49.8% of renters in 84062 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 84062 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 84062 is lower than the rental vacancy rate in the state of Utah overall. Rental vacancy of 3.3% in ZIP Code 84062 is about 45% lower than the Utah rate of 6.0%. Looking more broadly, rental vacancy in this Pleasant Grove, UT region (3.3%) is an estimated 45% 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 84062? How does it compare to other Utah regions?

Median household income in ZIP Code 84062 is higher than in the state of Utah overall. Annual household income of $77,030 in ZIP Code 84062 is about 8% higher than the Utah median of $71,621. Additionally, median household income in this Pleasant Grove, UT region ($77,030) is approximately 23% 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 84062 spend on housing costs?

Renters in ZIP Code 84062 spend a higher amount of their income on rent costs than do renters in Utah overall. Renters in ZIP Code 84062 spend an estimated 30.29% of their income on rent payments, which is about 6% higher 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 2% lower than the ZIP Code 84062 estimated rate of 30.29%.
9

Do renters in ZIP Code 84062 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 84062 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 84062 spending 30 percent or more of their income on rent costs (50.9%) is approximately 14% higher 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 3% lower than the aforementioned 84062 rate of 50.9%.
10

What is the average household size of renter-occupied units in ZIP Code 84062?

The average household size of renter-occupied units in ZIP Code 84062 is higher than in the state of Utah overall. Annual household size of 2.98 in ZIP Code 84062 is about 6% higher than the Utah median of 2.80. Additionally, median household size in this Pleasant Grove, UT region (2.98) is approximately 20% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Utah ZIP Codes