ZIP 84112 - 860Z200US84112 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84112 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, household dynamics, and housing costs. Whether you’re a homebuyer looking for a new community, an investor seeking opportunities, or a small-business owner evaluating market potential, these insights will help you make informed decisions about ZIP 84112.

Population & Households

ZIP 84112 is home to a modest population of 2,738 residents. This smaller community size can offer a more intimate, less crowded environment compared to larger urban ZIP codes, which may appeal to those seeking a quieter lifestyle or niche business opportunities. The area has 182 households, indicating a low density of occupied homes relative to the total population. This could suggest a significant presence of students, shared living arrangements, or transient residents, which is common in areas near universities or urban centers.

There are 222 total housing units in ZIP 84112, with a portion remaining unoccupied. This gap between households and housing units might point to seasonal vacancies or properties held for investment purposes, something worth exploring further for real estate investors or property managers.

Income & Housing Costs

While specific data on median household income and median house value for ZIP 84112 is not available in this dataset, we do have insight into rental costs. The median rent in this area is $1,080 per month. This figure provides a benchmark for potential renters assessing affordability or for investors calculating rental yield potential. Compared to national averages, this rent level suggests a moderate cost of living for renters, which could attract a diverse tenant base, including students or young professionals.

For homebuyers and investors, the lack of median house value data means additional research into local real estate trends will be necessary. However, the rental data alone indicates that ZIP 84112 could be a viable market for rental property investments, especially given the smaller population and household size that might favor renting over buying.

Race & Ethnicity

The demographic makeup of ZIP 84112 reflects a predominantly White population at 72.39%, with smaller but notable percentages of other racial and ethnic groups. Asian residents make up 11.54% of the population, Hispanic or Latino individuals account for 7.56%, and Black residents represent 1.21%. This diversity, while not as pronounced as in some urban centers, still offers a mix of cultural perspectives that can enrich community life and influence local business offerings.

For small-business owners, this racial and ethnic composition suggests opportunities to cater to specific cultural needs or preferences, particularly for the Asian and Hispanic communities. Homebuyers may also appreciate the diversity as a sign of an inclusive, dynamic neighborhood.

Key Facts

• Total population in ZIP 84112: 2,738 residents.
• Total households: 182, indicating smaller or shared living arrangements.
• Total housing units: 222, with some units potentially vacant or investment-held.
• Median rent: $1,080 per month, a moderate cost for renters.
• Racial composition: 72.39% White, 11.54% Asian, 7.56% Hispanic, 1.21% Black.
• Potential for rental investments due to population size and housing dynamics.

What This Means for You

For homebuyers, ZIP 84112 offers a smaller, potentially close-knit community with a moderate rental cost benchmark of $1,080 per month. If you’re considering renting before buying, this price point could be manageable, though you’ll want to investigate home purchase prices further due to the lack of median house value data. The area’s diversity might also appeal if you’re looking for a culturally varied neighborhood.

For investors and real estate agents, the gap between total housing units (222) and households (182) suggests opportunities for rental properties or flipping vacant units. The median rent provides a starting point for assessing potential returns, especially in a smaller market like this one where demand for rentals might be steady due to the population size.

For small-business owners, the demographic diversity and modest population of 2,738 offer a chance to serve niche markets, particularly for the Asian and Hispanic communities. A business tailored to local cultural preferences or student needs (if near a university) could find a loyal customer base in ZIP 84112.

For analysts, the data highlights a compact area with unique housing and population dynamics worth deeper study, especially regarding vacancy rates and the factors driving rental costs.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 84112? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to inform your next real estate move, business plan, or market analysis with confidence.