ZIP 84107 - 860Z200US84107 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84107, located in the heart of Utah’s Salt Lake County, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this area—often associated with Murray, Utah—boasts a vibrant population, solid income levels, and a competitive housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in ZIP 84107.

Population & Households

ZIP 84107 is home to a population of 37,548 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 16,363 households, reflecting a strong base of families, singles, and professionals. With 17,287 total housing units, there’s a slight surplus of available homes, which could indicate opportunities for buyers or renters, though competition remains due to the area’s appeal. Understanding the population size and household distribution in ZIP 84107 can help you gauge the community’s density and potential customer or neighbor base.

Income & Housing Costs

The median household income in ZIP 84107 stands at $73,469, suggesting a stable economic environment where many residents have disposable income for local goods and services. Housing costs, however, reflect a premium market: the median house value is $426,000, indicating that homeownership here requires significant investment. For renters, the median rent is $1,387 per month, which aligns with the area’s higher cost of living. These figures are critical for homebuyers assessing affordability and for investors evaluating potential returns in ZIP 84107’s real estate market.

Race & Ethnicity

ZIP 84107 showcases a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. The population identifies as 65.38% White, 17.73% Hispanic, 5.25% Asian, and 4.09% Black, among other groups. This diversity can be a draw for families and businesses seeking an inclusive environment. For small-business owners, this mix offers a chance to cater to varied cultural preferences, while investors might see value in a community with broad appeal. Understanding the demographic makeup of ZIP 84107 helps paint a picture of its social fabric.

Key Facts

• Total population: 37,548 residents, offering a sizable community for engagement.
• Total households: 16,363, indicating a strong residential base.
• Median household income: $73,469, reflecting economic stability.
• Median house value: $426,000, pointing to a high-value real estate market.
• Median rent: $1,387, relevant for renters and property investors.
• Diversity: 65.38% White, 17.73% Hispanic, 5.25% Asian, 4.09% Black.
• Total housing units: 17,287, suggesting some availability amidst demand.

What This Means for You

For homebuyers, ZIP 84107 offers a dynamic community with a higher median home value of $426,000, so be prepared for a competitive market. The median income of $73,469 suggests neighbors with financial stability, which often correlates with well-maintained properties and amenities. If you’re renting, expect to budget around $1,387 monthly, which is manageable for many but worth factoring into your plans.

For investors and real estate agents, the slight surplus of housing units (17,287 versus 16,363 households) hints at potential vacancies or opportunities for flips and rentals. The strong median income and diverse population in ZIP 84107 could drive demand for varied housing options, from single-family homes to apartments.

For small-business owners, the population of 37,548 and diverse demographic mix provide a solid customer base. Tailoring products or services to cultural preferences—especially for the significant Hispanic community (17.73%)—could set you apart. The income levels also suggest spending power for non-essential goods and services.

For analysts, these metrics offer a baseline for tracking trends in ZIP 84107, whether you’re studying housing affordability, demographic shifts, or economic growth potential.

Run This Study Yourself

• Curious about other areas or deeper insights into ZIP 84107? Start by visiting ZipcodeGPT to access powerful demographic tools.
• Enter any ZIP code to generate a customized report with the latest population, income, and housing data.
• Use the analysis to inform your next move, investment, or business strategy with confidence.