ZIP 84115 - 860Z200US84115 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84115 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 looking for affordability, an investor seeking growth potential, or a small-business owner targeting a specific market, these insights will help you make informed decisions about ZIP 84115.

Population & Households

ZIP 84115 is home to a population of 28,411 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 12,724 households, reflecting a vibrant and active area with a variety of family structures and living arrangements. The total number of housing units stands at 13,899, indicating some availability of vacant or rental properties that could appeal to newcomers or investors looking for opportunities in this region.

Income & Housing Costs

The median household income in ZIP 84115 is $61,505, which suggests a stable economic base for many residents. This income level positions the area as accessible for middle-income families and individuals while offering potential for businesses catering to this demographic. On the housing front, the median house value is $396,200, reflecting a competitive real estate market that could be attractive for long-term investment. For renters, the median rent is $1,263 per month, which is relatively moderate compared to other urban areas in Utah, making it a feasible option for those not ready to buy.

Race & Ethnicity

ZIP 84115 boasts a diverse cultural makeup, which adds to its appeal for residents and businesses alike. The racial composition includes 57.26% White, 2.08% Black, 7.93% Asian, and a significant 25.89% Hispanic population. This diversity creates a rich community fabric, offering opportunities for cultural exchange and niche markets for small businesses. For investors and homebuyers, this mix can translate into a welcoming environment with varied perspectives and needs.

Key Facts

• Total population: 28,411 residents in ZIP 84115.
• Total households: 12,724, supporting a range of family sizes and lifestyles.
• Total housing units: 13,899, with potential availability for new residents or investors.
• Median household income: $61,505, indicating a solid middle-income community.
• Median house value: $396,200, a competitive price point for the region.
• Median rent: $1,263, offering affordability for renters.
• Diverse population: 57.26% White, 25.89% Hispanic, 7.93% Asian, and 2.08% Black.

What This Means for You

For homebuyers, ZIP 84115 offers a balanced market with a median home value of $396,200, which could be a smart entry point for those looking to invest in a growing area. The moderate median rent of $1,263 also makes it a viable option if you’re not ready to purchase. Investors and real estate agents will find potential in the gap between total housing units (13,899) and occupied households (12,724), suggesting room for rental properties or flips in a market with steady demand. The diverse population also means a broad tenant base with varying needs.

For small-business owners, the demographic diversity and median income of $61,505 signal a community with disposable income and varied cultural preferences. This could be an ideal spot for businesses like restaurants, retail, or services catering to Hispanic, Asian, or mixed-family households. Analysts can use these metrics to benchmark ZIP 84115 against neighboring areas, identifying trends in housing affordability or population growth that could influence future market dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 84115? 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 costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.