ZIP 84124 - 860Z200US84124 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 84124, located in the heart of Utah, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 23,000 and a strong median household income, this ZIP code presents a stable and affluent community. Whether you're a homebuyer, real estate investor, agent, small-business owner, or analyst, understanding the population dynamics, income levels, housing costs, and cultural composition of 84124 can help you make informed decisions. Let's dive into the data to uncover what makes this area unique and how it might align with your goals.

Population & Households

ZIP 84124 is home to 22,992 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 8,506 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 8,976, indicating a slight surplus of available homes compared to occupied households. This balance suggests a stable housing market with potential opportunities for buyers or renters looking to settle in the area. For businesses, this population size offers a sizable local customer base, while the household count provides insight into potential demand for goods and services tailored to residential needs.

Income & Housing Costs

One of the standout metrics for ZIP 84124 is its median household income of $117,500, which points to a relatively affluent community. This income level suggests that residents have significant purchasing power, a key consideration for small-business owners or investors eyeing this market. On the housing front, the median home value is $704,400, reflecting a high-end real estate market that could appeal to buyers seeking long-term value or investors looking for premium properties. For renters, the median rent of $1,460 per month indicates a competitive rental market, yet one that aligns with the area's income levels. These figures highlight 84124 as a financially robust area with housing costs that match its economic profile.

Race & Ethnicity

The demographic makeup of ZIP 84124 offers a glimpse into its cultural landscape. The population is predominantly White, accounting for 81.73% of residents. Hispanic individuals make up 8.27%, while Asian residents comprise 3.72%, and Black residents represent 0.69%. This composition suggests a community with a strong majority demographic, yet with notable diversity that can influence local culture, businesses, and community initiatives. For business owners, understanding this breakdown can help tailor offerings to the majority while also addressing the needs of smaller demographic groups. For homebuyers and investors, it provides context on the community's social fabric.

Key Facts

• Total population in ZIP 84124: 22,992 residents in 2023.
• Total households: 8,506, indicating a mix of family and individual living setups.
• Total housing units: 8,976, suggesting a slight availability of unoccupied homes.
• Median household income: $117,500, reflecting strong local earning power.
• Median home value: $704,400, positioning 84124 as a premium housing market.
• Median rent: $1,460 per month, competitive yet aligned with income levels.
• Racial composition: 81.73% White, 8.27% Hispanic, 3.72% Asian, 0.69% Black.

What This Means for You

For homebuyers, ZIP 84124 offers a high-value housing market with median home prices at $704,400, ideal for those seeking a long-term investment in a financially stable area. The median rent of $1,460 also makes renting a viable option for those not ready to buy. Real estate investors and agents can capitalize on the area's affluence and slight surplus of housing units (8,976 total units versus 8,506 households), which may indicate opportunities for flipping or renting properties. Small-business owners should note the strong median income of $117,500, suggesting a customer base with disposable income for premium products or services. Analysts can use this data to benchmark 84124 against other ZIP codes, focusing on its economic strength and demographic stability to predict future trends. Across all groups, the area's demographics and housing metrics point to a community with solid potential for growth and engagement.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 84124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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