ZIP 84040 - 860Z200US84040 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84040, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a snapshot of a thriving community with strong economic indicators and diverse housing options. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 84040 unique.

Population & Households

ZIP 84040 is home to a population of 28,269 residents, making it a moderately sized community with a mix of families, professionals, and individuals. The area supports 9,226 households, reflecting a strong residential base. With 9,454 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

One of the standout metrics for ZIP 84040 is its robust median household income of $123,297. This figure points to a financially secure population, likely attracting businesses and investors who value economic stability. On the housing front, the median home value stands at $486,300, reflecting a competitive real estate market with significant value for property owners. For renters, the median rent is $1,796 per month, indicating a premium rental market that aligns with the area’s higher income levels. These numbers suggest that ZIP 84040 is a place where quality of life and investment potential go hand in hand.

Race & Ethnicity

The demographic makeup of ZIP 84040 offers insight into its cultural fabric. The population is predominantly White at 81.35%, with smaller but notable percentages of Hispanic (11.22%), Asian (2.28%), and Black (1.38%) residents. This composition indicates a primarily homogeneous community with growing diversity, which can be a draw for those seeking a blend of cultural perspectives. For businesses, this mix provides opportunities to cater to varied customer needs, while homebuyers may appreciate the evolving community dynamic.

Key Facts

• Total population: 28,269 residents in 2023, offering a mid-sized community feel.
• Total households: 9,226, indicating a strong residential foundation.
• Total housing units: 9,454, suggesting slight availability for new occupants or investors.
• Median household income: $123,297, reflecting economic strength and purchasing power.
• Median home value: $486,300, pointing to a valuable real estate market.
• Median rent: $1,796, aligning with the area’s higher income demographic.
• Racial composition: 81.35% White, 11.22% Hispanic, 2.28% Asian, 1.38% Black, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 84040 presents a promising opportunity to invest in a community with a high median income and substantial home values. The median house price of $486,300 suggests long-term value appreciation, though it requires a significant upfront investment. Renters should note the median rent of $1,796, which aligns with the area’s economic profile but may necessitate careful budgeting.

For real estate investors and agents, the slight surplus of housing units (9,454 vs. 9,226 households) could signal opportunities for flipping properties or securing rentals in a market with strong demand. The high median income of residents also supports the potential for premium pricing on properties.

For small-business owners, the affluent population with a median income of $123,297 offers a customer base with disposable income, ideal for retail, services, or dining ventures. The diverse, though predominantly White, demographic mix also suggests room to tailor offerings to niche markets or cultural preferences.

For analysts, these metrics provide a clear picture of a stable, economically strong area with growth potential. The data can inform market studies, investment strategies, or community development plans.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 84040? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.