ZIP 84102 - 860Z200US84102 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 84102 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in the heart of Salt Lake City, Utah, this area offers a unique blend of urban living and community diversity. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and cultural composition to help you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 84102.

Population & Households

ZIP 84102 is home to a population of 19,145 residents, making it a moderately sized urban community. This area supports 10,239 households, reflecting a vibrant residential base. With 11,348 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. The ratio of population to households suggests an average household size of roughly 1.9 people, pointing to a mix of singles, couples, and smaller families in the area.

Income & Housing Costs

The median household income in ZIP 84102 stands at $50,040, which reflects a moderate earning level for an urban setting. This income figure is crucial for understanding the purchasing power of residents and the affordability of housing. Speaking of housing, the median house value here is $487,200, indicating a relatively high barrier to entry for homeownership compared to the income level. For renters, the median rent is $1,305 per month, which aligns with the urban nature of the area but may strain budgets for lower-income households. These figures suggest that while ZIP 84102 offers desirable properties, financial planning is key for prospective residents or investors.

Race & Ethnicity

The demographic makeup of ZIP 84102 showcases a predominantly white population at 76.13%, with smaller but significant representation from other groups. Hispanic residents account for 9.44% of the population, while Asian individuals make up 6.7%. Black residents represent 1.65% of the community. This diversity, though not as pronounced as in some larger metropolitan areas, contributes to a culturally rich environment that can appeal to a wide range of residents and business owners looking to serve varied customer bases.

Key Facts

• Total population: 19,145 residents in ZIP 84102.
• Total households: 10,239, supporting a mix of living arrangements.
• Total housing units: 11,348, with some availability for new occupants.
• Median household income: $50,040, reflecting moderate earning capacity.
• Median house value: $487,200, a significant investment for buyers.
• Median rent: $1,305, indicative of urban rental costs.
• Racial composition: 76.13% white, 9.44% Hispanic, 6.7% Asian, 1.65% Black.

What This Means for You

For homebuyers, ZIP 84102 presents a competitive housing market with a median home value of $487,200. Given the median income of $50,040, securing financing or saving for a substantial down payment will be critical. The slight surplus of housing units (11,348 vs. 10,239 households) might offer some negotiation room, but expect a fast-moving market in this urban area.

For investors and real estate agents, the high median home value paired with a median rent of $1,305 suggests potential for rental income, especially if targeting young professionals or small families. The population size and diversity also indicate a steady demand for housing, making this ZIP code a viable spot for long-term investments.

For small-business owners, the population of 19,145 and moderate income levels point to a customer base with disposable income for local goods and services. The cultural diversity (notably Hispanic and Asian communities) offers opportunities to cater to niche markets with tailored offerings.

For analysts, these metrics provide a baseline for deeper studies into housing affordability, demographic shifts, or economic trends in ZIP 84102, especially when compared to neighboring areas in Salt Lake City.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 84102? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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