ZIP 84096 - 860Z200US84096 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84096, located in Herriman, 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 or working in this dynamic community.

Population & Households

ZIP 84096 is home to a substantial population of 71,115 residents as of 2023, making it a vibrant and growing area. This population is distributed across 20,599 households, reflecting a community with a strong residential base. The total number of housing units stands at 21,168, indicating a slight surplus of available homes compared to occupied households. This balance suggests a market that can accommodate growth, whether for new families moving in or investors looking to develop properties.

Income & Housing Costs

One of the standout metrics for ZIP 84096 is its median household income of $117,800, which points to a relatively affluent community with significant purchasing power. This income level supports a robust housing market, where the median home value is $540,500. For renters, the median rent is $1,888 per month, reflecting a premium rental market that aligns with the area’s higher property values. These figures suggest that ZIP 84096 is a desirable location for those who can afford the cost of entry, whether buying or renting.

Race & Ethnicity

The demographic composition of ZIP 84096 offers insight into the cultural makeup of the area. The population is predominantly White at 80.78%, with smaller percentages of other racial and ethnic groups: Hispanic residents make up 11.18%, followed by Asian at 2.49%, and Black at 0.71%. This diversity, while not as pronounced as in some urban centers, still contributes to a varied community fabric that can appeal to a range of residents and business owners looking to serve different cultural needs.

Key Facts

• Total population: 71,115 residents, indicating a sizable and active community.
• Total households: 20,599, showing a strong base of family and individual units.
• Total housing units: 21,168, suggesting room for growth or investment opportunities.
• Median household income: $117,800, reflecting economic strength and stability.
• Median home value: $540,500, positioning this as a high-value real estate market.
• Median rent: $1,888, indicating a premium rental market for tenants.
• Racial composition: 80.78% White, 11.18% Hispanic, 2.49% Asian, 0.71% Black, offering a glimpse into community diversity.

What This Means for You

For homebuyers, ZIP 84096 offers a high-quality living environment with a median home value of $540,500, which reflects both the area’s desirability and the investment required. The strong median household income of $117,800 suggests neighbors with financial stability, often correlating with well-maintained communities and good schools. However, be prepared for competitive pricing and act quickly if you find a property that fits your needs.

For real estate investors and agents, the slight surplus of housing units (21,168 total units versus 20,599 households) hints at potential for rental or resale opportunities. The high median rent of $1,888 also indicates a strong rental demand, ideal for buy-to-let strategies. Keep an eye on market trends to time your investments effectively.

For small-business owners, the population of 71,115 and median income of $117,800 signal a customer base with disposable income. Whether you’re opening a retail store, restaurant, or service-based business, this area’s demographics suggest a market that can support premium offerings. Consider tailoring your products or services to family-oriented or upscale needs given the household and income data.

For analysts, the data from ZIP 84096 provides a foundation for deeper research into growth patterns, housing demand, and economic stability. The racial and ethnic breakdown also offers a starting point for understanding community dynamics and potential market segments.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 84096? 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 specific interests.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture in any area.