Utah’s Luxury Real Estate Hotspots: A Deep Dive into the State’s Most Expensive ZIP Codes
Utah, a state known for its breathtaking landscapes and booming economy, has witnessed a significant surge in real estate values in recent years. This article delves into the top five most expensive ZIP codes in Utah, exploring the factors driving their exclusivity and the remarkable appreciation in home values. Using data from Zillow’s Home Value Index and the Census Bureau’s 2023 American Community Survey, we paint a picture of these affluent communities and their evolving economic landscapes.
Park City, encompassed by ZIP code 84060, claims the top spot as Utah’s most expensive ZIP code. This renowned ski town, a magnet for affluent residents and vacationers, boasts a median household income of $132,412, with an even more impressive average household income of $247,595. The area’s popularity and exclusivity have fueled an astonishing 86.7% increase in median home values over the past five years, soaring from $1.096 million in November 2019 to over $2.047 million in November 2025. This dramatic appreciation underscores the desirability of Park City’s luxury real estate market.
Following closely behind is ZIP code 84098, encompassing areas north of Park City, including Atkinson, Kimball Junction, Silver Summit, Snyderville, and Summit Park. This area attracts high-income earners, with over two-fifths of households earning $200,000 or more annually. The median household income stands at $171,151, while the average climbs to $240,604. Mirroring the trend seen in Park City, home values in 84098 have experienced significant growth, appreciating by 64.7% over the past five years, reaching a median value of nearly $1.377 million in November 2024.
The third most expensive ZIP code, 84004, is located south-southeast of Salt Lake City, centered around the city of Alpine, another popular ski resort area. This community boasts a high concentration of affluent households, with over a third earning more than $200,000 per year. The median household income reaches $156,786, while the average income surpasses $196,000. Home values in this desirable area have witnessed a substantial 50% increase over the past five years, rising from $669,168 in November 2019 to over $1.048 million in November 2024.
East of Salt Lake City lies ZIP code 84036, the fourth most expensive in Utah. Encompassing Francis, Hideout, Kamas, Samak, and Woodland, this area has experienced significant wealth growth. The median household income stands at $122,679, and the average income reaches $177,349. Reflecting this prosperity, home values have surged by an impressive 73.2% over the past five years, climbing from $534,551 in November 2019 to $925,841 in November 2024. This explosive growth demonstrates the increasing desirability of this area for affluent homebuyers.
Rounding out the top five is ZIP code 84049, situated near the mountains of ZIP code 84004 and centered on the charming town of Midway, with a population of just over 6,000. Like its counterparts, 84049 attracts high-income earners, with over a third of households earning over $200,000 annually. The median household income is $140,500, while the average income reaches $203,463. Home values in Midway have mirrored the robust growth seen in other high-end ZIP codes, appreciating by 72.3% over the past five years, rising from $525,602 in November 2019 to $905,351 in November 2024.
These five ZIP codes exemplify the strength and exclusivity of Utah’s luxury real estate market. Driven by factors such as desirable locations, proximity to renowned ski resorts, and strong economic growth, these communities have experienced remarkable appreciation in home values, attracting affluent residents and solidifying their positions as the most expensive areas in the state. The data highlights a trend of significant wealth concentration in these areas, with a substantial portion of households earning high incomes, further contributing to the competitive and exclusive nature of these real estate markets. As Utah continues to attract high-income earners and experience economic growth, it’s likely that these ZIP codes will maintain their prestigious status and continue to see significant appreciation in the years to come.
