ZIP 84043 - 860Z200US84043 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84043, located in Utah, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, working, or investing in 84043.

Population & Households

ZIP 84043 is home to a substantial population of 81,839 residents as of 2023, making it a vibrant and growing community. This area supports 22,835 households, reflecting a strong base of families and individuals. The total number of housing units stands at 23,408, indicating a slight surplus of available homes relative to occupied households. For those exploring relocation or investment, this suggests a community with room for growth and potential housing availability, though demand remains a key factor to watch.

Income & Housing Costs

One of the standout metrics for ZIP 84043 is its median household income of $125,598, which signals a financially stable and affluent population. This income level positions the area as attractive for businesses targeting mid-to-high-income consumers and for homebuyers seeking a prosperous community. On the housing front, the median home value is $567,500, reflecting a premium market that aligns with the area’s income demographics. For renters, the median rent is $1,802 per month, indicating a significant cost for those not ready to buy. These figures highlight both the opportunities for investment and the financial commitment required to enter this market.

Race & Ethnicity

The demographic makeup of ZIP 84043 offers insight into the cultural fabric of the community. The population is predominantly White at 83.68%, with smaller representations of Hispanic (9.2%), Asian (2.1%), and Black (0.45%) residents. This composition suggests a relatively homogenous area with a growing diversity that could influence local culture, business offerings, and community dynamics. For businesses and investors, understanding these demographics can help tailor services or marketing strategies to resonate with the majority while addressing the needs of emerging minority groups.

Key Facts

• Total population in ZIP 84043: 81,839 residents, indicating a sizable and active community.
• Total households: 22,835, supporting a strong residential base.
• Total housing units: 23,408, with a small surplus over occupied homes.
• Median household income: $125,598, reflecting financial stability and purchasing power.
• Median home value: $567,500, positioning this as a high-value real estate market.
• Median rent: $1,802, a notable cost for renters in the area.
• Racial composition: 83.68% White, 9.2% Hispanic, 2.1% Asian, 0.45% Black, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 84043 offers a prosperous community with a median income of $125,598 and home values averaging $567,500. This suggests a stable, upscale area, but be prepared for a competitive market and significant upfront costs. Working with a local real estate agent to navigate inventory and pricing will be key.

For investors and agents, the slight surplus of housing units (23,408 total vs. 22,835 households) hints at potential opportunities for rentals or flips, especially given the high median rent of $1,802. However, the premium home values mean you’ll need a strategic approach to ensure returns match the investment.

For small-business owners, the affluent population and sizable community of 81,839 residents present a strong customer base, particularly for services or products catering to higher-income households. Consider how the area’s demographics, including its racial composition, might shape your offerings or marketing.

For analysts, the data points to a growing, financially robust area with a predominantly White population and emerging diversity. Tracking trends in housing occupancy and income growth could reveal future opportunities or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 84043? 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 costs, and more, tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence and precision.