ZIP 84119 - 860Z200US84119 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 84119 in Utah for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in the Salt Lake City area, this ZIP code offers a diverse community and a range of economic indicators that can shape your decision. This snapshot, based on 2023 data, breaks down population, income, housing costs, and racial composition to provide a clear picture for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to uncover what makes 84119 unique and how it might align with your goals.

Population & Households

ZIP 84119 is home to a substantial population of 50,745 residents as of 2023. This sizable community is distributed across 15,754 households, reflecting a vibrant and active area. The total number of housing units stands at 16,811, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for prospective buyers or renters looking to settle in the area, as well as potential inventory for investors to consider. The population density and household distribution also point to a community with a strong residential base, ideal for businesses targeting local consumers.

Income & Housing Costs

Financial metrics in ZIP 84119 provide a solid foundation for understanding the economic environment. The median household income is $66,616, which reflects a moderate earning capacity for residents. This income level can influence affordability for potential homebuyers and the spending power of local customers for businesses. On the housing front, the median house value is $341,800, positioning 84119 as a reasonably accessible market for buyers in the Salt Lake City region, though prices may still require careful budgeting. For renters, the median rent is $1,418 per month, which aligns with the income levels but may pose challenges for lower-earning households. These figures offer a balanced view of affordability and investment potential in the area.

Race & Ethnicity

The demographic makeup of ZIP 84119 is notably diverse, which can be a draw for those seeking an inclusive community or a varied customer base. Hispanic residents make up the largest group at 45.34% of the population, followed by White residents at 36.09%. Black residents account for 5.3%, and Asian residents comprise 4.26%. This diversity shapes the cultural fabric of the area, offering unique opportunities for businesses to cater to a wide range of preferences and needs. For homebuyers and investors, this mix can signal a welcoming environment with potential for broad appeal in property listings or community engagement.

Key Facts

• Total population in ZIP 84119: 50,745 residents in 2023.
• Total households: 15,754, supporting a strong residential community.
• Total housing units: 16,811, suggesting some availability for new occupants.
• Median household income: $66,616, indicating moderate economic stability.
• Median house value: $341,800, a competitive price in the regional market.
• Median rent: $1,418 per month, reflecting current rental demand.
• Racial composition: 45.34% Hispanic, 36.09% White, 5.3% Black, 4.26% Asian.

What This Means for You

For homebuyers, ZIP 84119 offers a diverse community with median home values at $341,800, which may be within reach for many, especially with a median household income of $66,616. The slight surplus of housing units (16,811 total) compared to households (15,754) could mean less competition for properties, though budgeting for rent at $1,418 is key for non-owners. Investors and real estate agents can leverage the area’s diversity (45.34% Hispanic, 36.09% White) to market properties to a broad audience, while the housing unit surplus hints at potential rental or flip opportunities. Small-business owners will find a sizable population of 50,745 to tap into, with diverse cultural needs that could drive demand for tailored products or services. Analysts can use these metrics to benchmark 84119 against nearby ZIP codes for deeper market insights. Across all groups, the data suggests a balanced, opportunity-rich area worth exploring further.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 84119? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a detailed report tailored to your needs, whether for buying, investing, or business planning.
• Use the insights to make informed decisions with confidence, backed by the latest available data.