ZIP 84108 - 860Z200US84108 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 84108, located in the Salt Lake City area of Utah, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 21,000 and a robust housing market, this area presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living or working in 84108.

Population & Households

ZIP 84108 is home to 21,951 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 7,705 households, reflecting a diverse range of family structures and living arrangements. With 8,258 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout metrics for ZIP 84108 is its median household income of $120,469, which suggests a relatively affluent community with strong purchasing power. This income level can support a higher quality of life and may attract businesses catering to mid-to-upper-income demographics. On the housing front, the median home value stands at $759,800, reflecting a premium real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,562 per month, indicating a competitive rental market that aligns with the area’s income and property values.

Race & Ethnicity

The demographic makeup of ZIP 84108 is predominantly White, with 81.94% of the population identifying as such. Hispanic or Latino residents account for 6.81%, while Asian individuals make up 5.15% of the population. Black or African American residents represent a smaller share at 0.75%. This composition points to a largely homogeneous community with some diversity, which may influence cultural amenities, community events, and business opportunities in the area. Understanding this breakdown can help tailor services or marketing strategies for businesses and real estate professionals targeting specific demographics.

Key Facts

• Total population in ZIP 84108: 21,951 residents in 2023.
• Total households: 7,705, indicating a mix of family and individual living arrangements.
• Total housing units: 8,258, suggesting some availability for new occupants.
• Median household income: $120,469, reflecting a strong economic base.
• Median home value: $759,800, positioning this as a high-value real estate market.
• Median rent: $1,562 per month, competitive for the area’s income levels.
• Racial composition: 81.94% White, 6.81% Hispanic, 5.15% Asian, 0.75% Black.

What This Means for You

For homebuyers, ZIP 84108 offers a premium housing market with median home values near $760,000, ideal if you’re seeking a stable, appreciating asset in a community with high median incomes. The slight surplus of housing units could mean less competition for available properties, but be prepared for significant upfront costs. Investors and real estate agents will find opportunity in the area’s strong income levels and home values, which suggest potential for rental income (with median rents at $1,562) or future sales gains. The demographic stability, with a predominantly White population, may also simplify targeting specific buyer or renter profiles.

For small-business owners, the high median income of $120,469 signals a customer base with disposable income, particularly for premium goods or services. However, consider the community’s demographic makeup when planning offerings—catering to a largely homogeneous population with some diversity could shape your marketing or product focus. Analysts can use this data to benchmark 84108 against neighboring ZIP codes or assess trends in housing affordability relative to income, providing deeper insights for clients or reports.

Run This Study Yourself

• Curious about other areas or want updated stats for ZIP 84108? Visit ZipcodeGPT to access powerful demographic and housing analysis tools tailored to your needs.
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