ZIP 84043 - 860Z200US84043 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84043, located in Lehi, 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 dive into the 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. This balance suggests potential opportunities for buyers or renters looking to settle in a dynamic area with room for growth.

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 community. This income level supports a strong local economy, benefiting small businesses and attracting investors. On the housing front, the median home value is $567,500, reflecting a premium market where property values are high but indicative of long-term appreciation potential. For renters, the median rent is $1,802 per month, which aligns with the area’s higher cost of living but offers access to a desirable location.

Race & Ethnicity

The demographic makeup of ZIP 84043 is predominantly White, with 83.68% of the population identifying as such. Hispanic residents make up 9.2% of the community, while Asian residents account for 2.1%, and Black residents represent 0.45%. This composition reflects a relatively homogenous area with a notable Hispanic presence, which may influence local culture, businesses, and community dynamics. Understanding this diversity can help businesses tailor their offerings and investors assess market fit.

Key Facts

• Total population in ZIP 84043: 81,839 residents in 2023.
• Total households: 22,835, supporting a strong family and individual base.
• Total housing units: 23,408, with a small surplus of available homes.
• Median household income: $125,598, indicating significant purchasing power.
• Median home value: $567,500, reflecting a high-value real estate market.
• Median rent: $1,802, consistent with the area’s elevated cost of living.
• Racial composition: 83.68% White, 9.2% Hispanic, 2.1% Asian, 0.45% Black.

What This Means for You

For homebuyers, ZIP 84043 offers a premium housing market with a median home value of $567,500, ideal for those seeking long-term value in a financially stable community. The slight surplus of housing units (23,408 vs. 22,835 households) may provide some negotiating room, though high demand could keep competition stiff. Renters should prepare for a median rent of $1,802, which reflects the area’s desirability and higher living costs.

For investors and real estate agents, the strong median household income of $125,598 suggests residents have the means to invest in property or sustain rental agreements, making 84043 a promising market for both residential sales and rentals. The high median home value also points to potential for appreciation, though investors should weigh entry costs against returns.

For small-business owners, the affluent population and sizable community of 81,839 provide a robust customer base with significant disposable income. Tailoring products or services to family needs or leveraging the cultural diversity (notably the 9.2% Hispanic population) could help businesses stand out in this competitive market.

For analysts, the data highlights a growing, stable area with economic strength and a housing market that balances supply and demand. These metrics can inform broader studies on regional growth trends or investment viability in Utah’s expanding communities.

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, 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.