ZIP 84120 - 860Z200US84120 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84120, located in West Valley City, Utah, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, solid income levels, and a dynamic housing market, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, investing, or operating in 84120.

Population & Households

ZIP 84120 is home to a substantial population of 50,589 residents as of 2023. This sizable community is distributed across 13,522 households, indicating a vibrant and active area with a strong residential base. The total number of housing units stands at 14,184, suggesting a slight surplus of available homes or rentals compared to occupied households. This balance can be a key factor for those looking to buy or rent in the area, as it hints at potential availability without extreme competition.

Income & Housing Costs

The median household income in ZIP 84120 is $90,847, reflecting a relatively strong economic foundation for many residents. This income level supports a housing market where the median house value is $370,800, making it a moderately priced area for Utah. For renters, the median rent is $1,434 per month, which aligns with the income levels and suggests that housing costs are manageable for a significant portion of the population. These figures are critical for homebuyers assessing affordability and for investors evaluating potential returns on rental properties or home sales.

Race & Ethnicity

The demographic makeup of ZIP 84120 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 41.88% White, 40.1% Hispanic, 6.48% Asian, and 2.11% Black residents. This diversity can enrich community life and provide unique opportunities for businesses catering to varied cultural needs or preferences. For investors and small-business owners, understanding this mix is essential for tailoring services or marketing strategies to the local population.

Key Facts

• Total population: 50,589 residents, indicating a robust community in ZIP 84120.
• Total households: 13,522, showing a strong residential presence.
• Total housing units: 14,184, suggesting some availability for new residents or investors.
• Median household income: $90,847, reflecting economic stability for many families.
• Median house value: $370,800, positioning 84120 as a moderately priced housing market.
• Median rent: $1,434, offering a reasonable cost for renters in the area.
• Diverse population: Nearly equal White (41.88%) and Hispanic (40.1%) representation, with smaller Asian (6.48%) and Black (2.11%) communities.

What This Means for You

For homebuyers, ZIP 84120 offers a balanced market with a median home value of $370,800 and a slight surplus of housing units. This could mean less intense competition compared to tighter markets, though the median income of $90,847 suggests you’ll need a solid financial plan to afford a home here. The area’s diversity also means a welcoming community for families of varied backgrounds.

For investors and real estate agents, the combination of a median rent of $1,434 and a strong household income base points to a reliable rental market. The diversity in population could also drive demand for varied housing types or culturally specific amenities, offering niche investment opportunities.

For small-business owners, the large population of 50,589 and diverse demographic profile provide a broad customer base. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to the cultural mix—especially the significant Hispanic and White communities—could help you stand out and build loyalty.

For analysts, the data highlights a stable, growing area with economic and cultural diversity. This ZIP code could be a focal point for studies on housing trends, income distribution, or community development in suburban Utah.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 84120? 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 informed decisions, whether you’re buying a home, investing, or planning a business venture in any area.