ZIP 84117 - 860Z200US84117 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 84117, located in the heart of Utah’s Salt Lake County, this demographic and housing snapshot offers a clear picture of the area in 2023. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the population dynamics, income levels, and housing market here can guide your next steps. Let’s dive into the key metrics that define this community and explore what they mean for your goals.

Population & Households

ZIP 84117 is home to a population of 24,873 residents as of 2023. This figure reflects a stable community with a mix of families, professionals, and individuals. The area supports 10,447 households, indicating a blend of single-family homes, apartments, and other living arrangements. With 11,316 total housing units, there’s a slight surplus of available properties compared to occupied households, which could signal opportunities for buyers or renters looking to settle in this area.

Income & Housing Costs

The median household income in ZIP 84117 stands at $87,451, suggesting a relatively affluent community with solid earning potential. This income level positions residents well to afford housing in the area, where the median house value is $581,100. For those considering renting, the median rent is $1,687 per month, reflecting a competitive rental market that aligns with the area’s higher property values. These figures highlight ZIP 84117 as a desirable location for those with stable incomes, though affordability may be a concern for some.

Race & Ethnicity

The demographic makeup of ZIP 84117 shows a predominantly white population at 82.62%, with smaller but notable representation from other groups. Hispanic residents account for 7.67% of the population, while Asian individuals make up 2.65%, and Black residents comprise 1.63%. This composition indicates a community with moderate diversity, which may appeal to those seeking a primarily homogeneous area with pockets of cultural variety. Businesses and investors can use this insight to tailor offerings or marketing strategies to the local demographic.

Key Facts

• Total population in ZIP 84117: 24,873 residents in 2023.
• Total households: 10,447, reflecting a mix of family and individual living arrangements.
• Total housing units: 11,316, suggesting some availability for new residents or investors.
• Median household income: $87,451, indicating a financially stable community.
• Median house value: $581,100, pointing to a high-value real estate market.
• Median rent: $1,687, aligning with the area’s upscale housing costs.
• Racial composition: 82.62% white, 7.67% Hispanic, 2.65% Asian, 1.63% Black.

What This Means for You

For homebuyers, ZIP 84117 offers a stable, higher-income community with property values that reflect its desirability. The median house value of $581,100 suggests a significant investment, but it also indicates potential for long-term appreciation. Renters should note the median rent of $1,687, which may require a solid budget but offers access to a well-established area.

For real estate investors and agents, the surplus of housing units (11,316 total versus 10,447 households) hints at opportunities to acquire properties for rental or resale. The strong median income of residents also supports a market where tenants can likely afford competitive rents, making this ZIP code a promising area for steady returns.

For small-business owners, the demographic profile and income levels suggest a customer base with disposable income. Tailoring products or services to a predominantly white, middle-to-upper-income audience, while considering the needs of smaller Hispanic and Asian communities, could position your business for success in ZIP 84117.

For analysts, these metrics provide a foundation for deeper studies into housing trends, economic stability, or demographic shifts. The data points to a community with strong financial footing and moderate diversity, which could inform broader regional analyses.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 84117? 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 specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.