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Rental Insights for ZIP Code 84074 (Tooele, UT)

Housing Rentals in ZIP Code 84074 (Tooele, UT)

84074 ZIP Code in Utah

Everything to Know About Rentals in the U.S. ZIP Code 84074

ZIP Code 84074 is primarily associated with Tooele, UT in Tooele County. This Utah region has an estimated median housing rent of $1,049 per month. About 17.5% of housing units in this Tooele County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 6.1%.

The median rent in ZIP Code 84074 of $1,049 per month is 1% higher than the aggregate Utah median monthly rent of $1,037, and is 1% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 37.8% of residents in ZIP Code 84074 have a monthly rent payment between $500 and $999. That is 5% lower than in Utah overall, in which 39.7% of total state residents pay between $500 and $999 per month for housing. Just 0.9% of renters in this Tooele, UT region pay between $2,000 and $2,499 per month for rent.

ZIP Code 84074 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 84074

See the chart below for a comparison of monthly rental costs in ZIP Code 84074, Utah, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 84074 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 84074

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

Cost ZIP 84074 Utah U.S.
Less than $500 7.5% 7.2% 9.4%
$500 to $999 37.8% 39.7% 36.2%
$1,000 to $1,499 34.7% 35.4% 30.0%
$1,500 to $1,999 19.1% 13.2% 14.0%
$2,000 to $2,499 0.9% 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 84074

Renters in ZIP Code 84074 use an estimated 29.24% of their income to cover their monthly rent payments. That is about 2% 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 84074 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 84074 come in higher than in Utah as a whole. The median annual household income in ZIP Code 84074 of $75,870 sits approximately 6% higher than the overall Utah median income of $71,621 and approximately 21% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 84074

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 84074, 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 84074 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 84074

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

Rent Cost as % of Income ZIP 84074 Utah U.S.
Less than 15.0 percent 14.4% 13.9% 13.1%
15.0 to 19.9 percent 11.2% 15.1% 12.9%
20.0 to 24.9 percent 12.6% 14.5% 12.9%
25.0 to 29.9 percent 14.5% 11.9% 11.6%
30.0 to 34.9 percent 10.4% 9.3% 9.1%
35.0 percent or more 36.8% 35.3% 40.5%

Household Income in ZIP Code 84074

See the table below for the regional comparison of annual household income in ZIP Code 84074.

Income ZIP 84074 Utah U.S.
Less than $10,000 2.2% 3.9% 6.0%
$10,000 to $14,999 2.8% 2.9% 4.3%
$15,000 to $24,999 4.4% 6.4% 8.9%
$25,000 to $34,999 7.9% 7.7% 8.9%
$35,000 to $49,999 12.1% 12.1% 12.3%
$50,000 to $74,999 19.9% 19.5% 17.2%
$75,000 to $99,999 19.9% 15.5% 12.7%
$100,000 to $149,999 22.8% 18.5% 15.1%
$150,000 to $199,999 5.9% 7.2% 6.8%
$200,000 or more 2.2% 6.4% 7.7%

Household Income in ZIP Code 84074

See the chart below for a comparison of annual household income figures in ZIP Code 84074, Utah, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 84074 alongside the same figures for the state of Utah and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 84074

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 84074.

ZIP 84074 Utah U.S.
Median Housing Rent $1,049 $1,037 $1,062
Renter-Occupied Housing Units 17.5% 29.8% 36.0%
Rental Vacancy Rate 6.1% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.74 2.80 2.49
Average # of Bedrooms Per Unit 3.7 3.43 2.75
Percent of Income Spent on Rent 29.24% 28.59% 29.83%
Per Capita Income $25,733 $29,775 $34,103
Median Household Income $81,422 $91,292 $88,607
Living Below the Poverty Line 4.3% 6.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 84074

In ZIP Code 84074 (Tooele, UT), and estimated 17.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.1%.

The per capita income in 84074 is estimated at $25,733, which goes along with an estimated median household income of $81,422. About 4.3% of residents in this Tooele County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.74 occupants, while the units have an aggregate average size of 3.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.24% of their income on housing rental costs.

Rental FAQs for ZIP Code 84074

1

What is the median monthly rent in ZIP Code 84074?

Median rent for housing in ZIP Code 84074 in Tooele County in Utah is approximately $1,049 per month.
2

Is it expensive to rent in ZIP Code 84074?

Rent in ZIP Code 84074 is higher than average in the state of Utah overall. The median monthly rent of $1,049 in ZIP Code 84074 is approximately 1% higher than the Utah median of $1,037. Additionally, median rent in this Tooele, UT region ($1,049) is about 1% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 84074?

High-priced rentals are not common in the Tooele, UT ZIP Code of 84074, 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 84074?

Affordable rentals are less common in ZIP Code 84074 than in Utah overall. The percentage of housing rentals in ZIP Code 84074 costing $999 or less per month (45.3%) is approximately 3% 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 1% higher than the previously mentioned 84074 rate of 45.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 84074?

The most common range for rental cost in ZIP Code 84074 is between $500 and $999 per month. About 37.8% of renters in 84074 pay in this range for monthly rent. In comparison, approximately 39.7% of renters in the state of Utah fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 84074 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 84074 is higher than the rental vacancy rate in the state of Utah overall. Rental vacancy of 6.1% in ZIP Code 84074 is about 2% higher than the Utah rate of 6.0%. Looking more broadly, rental vacancy in this Tooele, UT region (6.1%) is an estimated 2% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 84074? How does it compare to other Utah regions?

Median household income in ZIP Code 84074 is higher than in the state of Utah overall. Annual household income of $75,870 in ZIP Code 84074 is about 6% higher than the Utah median of $71,621. Additionally, median household income in this Tooele, UT region ($75,870) is approximately 21% 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 84074 spend on housing costs?

Renters in ZIP Code 84074 spend a higher amount of their income on rent costs than do renters in Utah overall. Renters in ZIP Code 84074 spend an estimated 29.24% of their income on rent payments, which is about 2% 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% higher than the ZIP Code 84074 estimated rate of 29.24%.
9

Do renters in ZIP Code 84074 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 84074 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 84074 spending 30 percent or more of their income on rent costs (47.2%) is approximately 6% 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 5% higher than the aforementioned 84074 rate of 47.2%.
10

What is the average household size of renter-occupied units in ZIP Code 84074?

The average household size of renter-occupied units in ZIP Code 84074 is lower than in the state of Utah overall. Annual household size of 2.74 in ZIP Code 84074 is about 2% lower than the Utah median of 2.80. Additionally, median household size in this Tooele, UT region (2.74) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

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