ZIP 84123 - 860Z200US84123 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 84123, located in the heart of Utah's Salt Lake County, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 36,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let's break down the key metrics to help you understand the community, economy, and housing landscape of 84123.

Population & Households

ZIP 84123 is home to 36,913 residents, making it a moderately sized community with a suburban feel. These individuals are spread across 14,007 households, reflecting a mix of family and individual living arrangements. With 14,716 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable residential base, ideal for those seeking a settled yet growing community.

Income & Housing Costs

The median household income in ZIP 84123 stands at $80,079, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be a draw for small businesses and service providers. On the housing front, the median home value is $436,600, reflecting a strong real estate market that may appeal to buyers and investors seeking long-term value. For renters, the median rent is $1,416 per month, indicating a competitive rental market that aligns with the area’s income demographics. These figures suggest that 84123 offers a balanced cost of living for both homeowners and renters.

Race & Ethnicity

The demographic makeup of ZIP 84123 is diverse, providing a multicultural environment that can enrich community life and business opportunities. The racial composition includes 66.35% White, 21.97% Hispanic, 4.28% Asian, and 0.67% Black residents. This diversity can be a significant asset for businesses aiming to cater to varied customer bases or for families seeking an inclusive neighborhood. Understanding this mix helps stakeholders anticipate cultural needs and preferences in this Utah community.

Key Facts

• Total population: 36,913 residents in 2023, offering a sizable community for engagement.
• Total households: 14,007, indicating a strong residential foundation.
• Total housing units: 14,716, with a small surplus suggesting potential availability.
• Median household income: $80,079, supporting a stable local economy.
• Median home value: $436,600, reflecting a valuable real estate market.
• Median rent: $1,416, competitive for the area’s income levels.
• Racial diversity: 66.35% White, 21.97% Hispanic, 4.28% Asian, 0.67% Black, fostering a varied community.

What This Means for You

For homebuyers, ZIP 84123 offers a promising market with a median home value of $436,600, suggesting potential for appreciation over time. The slight surplus of housing units could mean less competition for available properties. Investors and real estate agents will find value in the area’s strong median income of $80,079, which supports a stable tenant base for rental properties, especially with median rents at $1,416. The diversity of the population also hints at opportunities for niche rental or sales markets. Small-business owners can leverage the sizable population and diverse demographics to target a broad customer base, while the solid income levels suggest disposable income for goods and services. Analysts can use these metrics to benchmark 84123 against neighboring ZIP codes for deeper market insights. Whether you’re settling down or strategizing growth, this area holds tangible potential.

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