84047, Midvale, UT

The 84047 zip code of Midvale, UT has a median home value of $236,000 and a median home equity value of $168,000. These values are significantly higher than the national median home value of $181,500 and the national median home equity value of $142,700.

There are a number of factors that contribute to the high values in this zip code. First, Midvale is located in one of the most affluent areas in Utah. Second, there is a high demand for homes in this area due to its excellent schools and amenities. Finally, there is a low rate of foreclosure activity in this zip code which contributes to its high values.

Despite these positive factors, there are some challenges facing homeowners in the 84047 zip code. One issue is that prices have been increasing faster than wages over the past few years which has made it difficult for many people to afford homes on their own. Additionally, there is a shortage of available homes for sale which has driven up prices even further.