ZIP 84111 - 860Z200US84111 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84111 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, provides a clear picture of the area’s population, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 84111.

Population & Households

ZIP code 84111 is home to a population of 12,446 residents. This compact community is spread across 7,421 households, indicating a mix of solo dwellers and family units. With 8,635 total housing units in the area, there’s a noticeable gap between occupied and available properties, which could signal potential for renters or investors looking to fill vacant spaces. The average household size here suggests a blend of urban living styles, catering to both individuals and small families seeking a central location.

Income & Housing Costs

The median household income in ZIP 84111 stands at $57,188, reflecting a moderate earning capacity that aligns with many urban areas. For homebuyers and investors, the median house value of $423,000 indicates a competitive real estate market, likely driven by the area’s proximity to downtown Salt Lake City and local amenities. Renters, on the other hand, face a median rent of $1,294 per month, which is significant but reflective of the demand for housing in this vibrant zone. These figures suggest that while affordability may be a concern for some, the area offers value for those prioritizing location and lifestyle.

Race & Ethnicity

The demographic makeup of ZIP 84111 showcases a diverse community with a rich cultural fabric. The population is predominantly White at 67.22%, followed by a notable Hispanic presence at 16.21%. Asian residents make up 8.67% of the population, while Black residents account for 1.7%. This diversity can be a draw for businesses and residents alike, fostering a dynamic environment where varied perspectives and cultural offerings enrich daily life. For small-business owners, this mix presents opportunities to cater to a wide range of tastes and needs.

Key Facts

• Total population: 12,446 residents in ZIP 84111 as of 2023.
• Total households: 7,421, with a mix of family and individual living arrangements.
• Total housing units: 8,635, suggesting some availability for new occupants or investors.
• Median household income: $57,188, indicative of a moderate-income urban area.
• Median house value: $423,000, reflecting a strong real estate market.
• Median rent: $1,294, pointing to a competitive rental landscape.
• Racial diversity: 67.22% White, 16.21% Hispanic, 8.67% Asian, and 1.7% Black.

What This Means for You

For homebuyers, ZIP 84111 offers a chance to invest in a growing urban area with a median home value of $423,000. While prices are on the higher side, the location’s diversity and access to city amenities could make it a worthwhile long-term investment. Be prepared for a competitive market and consider working with a local agent to navigate listings.

For real estate investors and agents, the gap between total housing units (8,635) and occupied households (7,421) hints at potential for rental properties or flips. The median rent of $1,294 suggests steady demand, but you’ll need to assess vacancy rates and tenant turnover to maximize returns.

For small-business owners, the diverse population of 12,446 offers a broad customer base. With a median household income of $57,188, residents have moderate spending power, ideal for businesses offering essential services, cultural goods, or affordable dining. Tailoring your offerings to the area’s Hispanic and Asian communities could help you stand out.

For analysts, these metrics provide a baseline for deeper research into urban trends, housing affordability, and demographic shifts in Salt Lake City’s core. Pair this data with historical trends to uncover patterns or forecast growth in 84111.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 84111’s trends? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, housing, and income insights tailored to your needs.
• Use the detailed reports to inform your next home purchase, investment, or business strategy with confidence.