ZIP 84105 - 860Z200US84105 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84105 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, based on 2023 data, offers a clear picture of the population, income levels, housing costs, and cultural composition in this area. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 84105.

Population & Households

ZIP code 84105 is home to a population of 22,963 residents. This mid-sized community is spread across 10,147 households, indicating a mix of family and individual living arrangements. With 10,953 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest availability for new residents or investors looking for rental opportunities. This balance between population and housing units reflects a stable residential area with potential for growth or turnover.

Income & Housing Costs

The median household income in ZIP 84105 stands at $94,145, pointing to a relatively affluent community with solid earning power. This income level supports a robust housing market, where the median home value is $632,200. For renters, the median monthly rent is $1,482, which aligns with the area’s higher cost of living but remains accessible for many households earning near the median income. These figures suggest that 84105 is a desirable location for those seeking a balance of quality housing and reasonable affordability, though entry into the housing market may require significant financial planning for first-time buyers.

Race & Ethnicity

The demographic makeup of ZIP 84105 shows a predominantly white population at 80.77%, with smaller but notable representation from other groups. Hispanic residents account for 7.66% of the population, while Asian residents make up 3.4%, and Black residents comprise 1.65%. This composition reflects a community with a strong cultural base and moderate diversity, which can influence local businesses, schools, and community dynamics. For those moving to or investing in the area, this mix offers a glimpse into the social fabric of 84105 and potential market needs.

Key Facts

• Total population: 22,963 residents in ZIP 84105.
• Total households: 10,147, indicating a mix of family and solo living.
• Total housing units: 10,953, with some vacancy or availability.
• Median household income: $94,145, reflecting strong local earning power.
• Median home value: $632,200, signaling a premium housing market.
• Median rent: $1,482 per month, reasonable for the income bracket.
• Racial composition: 80.77% white, 7.66% Hispanic, 3.4% Asian, 1.65% Black.

What This Means for You

For homebuyers, ZIP 84105 offers a stable, higher-end housing market with a median home value of $632,200. This price point suggests a need for substantial savings or financing, but the area’s median income of $94,145 indicates that many residents can sustain this lifestyle. Investors and real estate agents will find opportunity in the slight surplus of housing units (10,953 total vs. 10,147 households), which may point to rental or flip potential, especially with median rents at $1,482. Small-business owners can leverage the community’s solid income levels to target mid-to-upper-tier markets, while the area’s moderate diversity suggests room for culturally tailored products or services. Analysts can use these metrics to benchmark 84105 against neighboring ZIP codes for deeper market studies, focusing on income-to-housing cost ratios or demographic trends.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 84105? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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