ZIP 84104 - 860Z200US84104 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84104 for a home purchase, investment opportunity, or business venture, 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 diversity and economic potential. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial 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 84104.

Population & Households

ZIP 84104 is home to a population of 24,057 residents as of 2023. This sizable community is distributed across 7,991 households, indicating a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 8,452, suggesting a slight surplus of available properties compared to occupied households. This could point to opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing potential rental or resale markets.

Income & Housing Costs

The median household income in ZIP 84104 is $61,326, reflecting a moderate earning capacity that supports a range of lifestyles. For homebuyers and investors, the median house value of $318,100 offers a relatively accessible entry point into the Salt Lake City real estate market, especially when compared to higher-priced neighboring areas. Meanwhile, the median rent of $1,235 per month indicates a steady demand for rental properties, which could be a key consideration for landlords or property managers looking to capitalize on consistent cash flow. These figures provide a balanced view of affordability and investment potential in this ZIP code.

Race & Ethnicity

ZIP 84104 stands out for its diverse population, which adds to the cultural richness of the area. The racial and ethnic composition includes 33.18% White, 5.34% Black, 5.19% Asian, and a significant 46.86% Hispanic or Latino population. This diversity can be a draw for businesses aiming to serve a wide customer base or for families seeking a multicultural community. Understanding this breakdown also helps real estate agents and investors tailor their strategies to meet the needs of various demographic groups in the area.

Key Facts

• Total population in ZIP 84104: 24,057 residents.
• Total households: 7,991, with 8,452 total housing units available.
• Median household income: $61,326, supporting a moderate cost of living.
• Median house value: $318,100, offering potential for buyers and investors.
• Median rent: $1,235 per month, indicating a stable rental market.
• Diverse demographics with 46.86% Hispanic, 33.18% White, 5.34% Black, and 5.19% Asian residents.

What This Means for You

For homebuyers, ZIP 84104 presents an opportunity to purchase at a median value of $318,100, which may be more attainable than other parts of Salt Lake City. The slight surplus of housing units (8,452 total versus 7,991 households) suggests some availability, potentially giving buyers room to negotiate. Investors and real estate agents can leverage the steady rental demand, with a median rent of $1,235, to build a portfolio of income-generating properties. The area’s diversity, with nearly half the population identifying as Hispanic, also signals a market for culturally tailored services or housing solutions. Small-business owners can benefit from the sizable population of 24,057 and diverse customer base, making this ZIP code a promising location for retail, dining, or service-based ventures. Analysts will find the demographic and economic data useful for forecasting trends or advising clients on market entry strategies.

Run This Study Yourself

• Want to dive deeper into ZIP 84104 or compare it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to analyze local data.
• Enter any ZIP code to access up-to-date demographic, housing, and income insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.