ZIP 84106 - 860Z200US84106 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84106 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 mix of suburban charm and urban accessibility. This 2023 snapshot provides a clear, data-driven look at population, income, 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 84106.

Population & Households

ZIP 84106 is home to a population of 33,791 residents as of 2023, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 15,485 households, reflecting a diverse mix of family structures and living arrangements. With 16,782 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance between population and housing stock suggests a stable community with room for growth or investment.

Income & Housing Costs

The median household income in ZIP 84106 stands at $94,452, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $529,100, reflecting a strong real estate market that may appeal to buyers seeking long-term value appreciation. For renters, the median rent is $1,576 per month, indicating a competitive rental market that aligns with the area’s higher income and property values. These figures suggest that ZIP 84106 is a financially stable community, though affordability could be a consideration for some prospective residents or tenants.

Race & Ethnicity

The demographic makeup of ZIP 84106 is predominantly White, with 82.24% of the population identifying as such. Other racial and ethnic groups contribute to the area’s diversity, including Hispanic or Latino residents at 7.46%, Asian residents at 4.02%, and Black residents at 2.39%. This composition reflects a community that, while largely homogeneous, still offers a degree of cultural variety. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the local population, while homebuyers may appreciate the area’s blend of familiarity and diversity.

Key Facts

• Total population in ZIP 84106: 33,791 residents.
• Total households: 15,485, indicating a mix of family and individual living arrangements.
• Total housing units: 16,782, suggesting some availability for new occupants.
• Median household income: $94,452, reflecting a strong local economy.
• Median home value: $529,100, indicative of a high-value real estate market.
• Median rent: $1,576 per month, aligning with the area’s income and property trends.
• Racial composition: 82.24% White, 7.46% Hispanic, 4.02% Asian, 2.39% Black.

What This Means for You

For homebuyers, ZIP 84106 offers a stable, higher-income community with median home values at $529,100, suggesting potential for long-term investment growth. However, the price point may require careful budgeting, especially for first-time buyers. Real estate investors and agents will find the slight surplus of housing units (16,782 total units versus 15,485 households) intriguing, as it could signal opportunities for rental properties or flips, particularly with a median rent of $1,576. Small-business owners can leverage the area’s solid median income of $94,452 to target a customer base with disposable income, though competition may be stiff given the established community. Analysts can use this data to benchmark ZIP 84106 against neighboring areas for deeper market studies. Across all groups, the demographic diversity, while moderate, supports a range of cultural or niche business opportunities.

Run This Study Yourself

• Want to dive deeper into ZIP 84106 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.