ZIP 84103 - 860Z200US84103 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 84103 in Salt Lake City, Utah, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot for 2023 offers a clear, data-driven look at the area's population, income levels, housing costs, and cultural composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in this vibrant community.

Population & Households

ZIP 84103 is home to a population of 23,796 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 12,433 households, reflecting a diverse range of family structures and living arrangements. With 13,528 total housing units, there’s a slight surplus of properties compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 84103 stands at $81,386, suggesting a relatively affluent community with solid earning potential. This income level supports a robust housing market, where the median house value reaches $710,700. For those considering renting, the median rent is $1,374 per month, which aligns with the area’s higher cost of living but offers options for those not ready to buy. These figures highlight ZIP 84103 as a desirable location for professionals and families seeking quality housing, though affordability may be a concern for some.

Race & Ethnicity

The demographic makeup of ZIP 84103 reflects a predominantly white population at 79.38%, with smaller but notable representation from other groups. Hispanic residents account for 9.69% of the population, while Asian and Black communities make up 2.79% and 1.73%, respectively. This composition points to a primarily homogeneous area with pockets of diversity, which could influence cultural amenities, community events, and business opportunities catering to varied tastes and needs.

Key Facts

• Total population: 23,796 residents in 2023.
• Total households: 12,433, indicating a mix of family and individual living arrangements.
• Total housing units: 13,528, suggesting potential availability for new occupants.
• Median household income: $81,386, reflecting a strong economic base.
• Median house value: $710,700, positioning this as a high-value real estate market.
• Median rent: $1,374, offering rental options in a premium area.
• Racial composition: 79.38% white, 9.69% Hispanic, 2.79% Asian, 1.73% Black.

What This Means for You

For homebuyers, ZIP 84103 offers a premium housing market with median home values at $710,700, ideal for those seeking long-term investment in a stable, affluent area. However, the high costs may require careful financial planning. Real estate investors and agents will find opportunities in the slight surplus of housing units (13,528 total vs. 12,433 occupied), which could translate to potential rental or flip properties, especially given the strong median rent of $1,374. Small-business owners can leverage the area’s solid median income of $81,386 to target a customer base with disposable income, though they should consider the cultural composition—predominantly white with emerging diversity—to tailor offerings. Analysts can use these metrics to benchmark ZIP 84103 against neighboring areas, identifying trends in housing demand or demographic shifts that could impact future growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 84103 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore detailed 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 in property, or planning a business venture.