ZIP 84601 - 860Z200US84601 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84601, located in the heart of Utah, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 32,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, we’ll break down key metrics on population, income, housing costs, and racial composition to help you make informed decisions about living or working in 84601.

Population & Households

ZIP 84601 is home to 32,871 residents, making it a moderately sized community with a vibrant local presence. These individuals are spread across 11,209 households, reflecting a mix of family structures, young professionals, and potentially students, given the area’s proximity to educational hubs in Utah. The total number of housing units stands at 11,673, indicating a slight surplus of available homes compared to occupied households. This small gap could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 84601 is $64,758, which provides a solid economic foundation for many residents. This figure suggests a community with moderate purchasing power, appealing to small businesses targeting middle-income consumers. On the housing front, the median home value is $370,300, reflecting a competitive real estate market that may require careful budgeting for prospective buyers. For renters, the median rent is $1,173 per month, which is relatively affordable compared to larger urban centers in Utah but still a significant expense for lower-income households. These numbers highlight the importance of aligning financial goals with the realities of housing costs in 84601.

Race & Ethnicity

The racial and ethnic composition of ZIP 84601 showcases a diverse community with a blend of cultural backgrounds. White residents make up 59.17% of the population, while Hispanic or Latino individuals account for a substantial 33.04%, indicating a strong multicultural presence. Asian residents comprise 1.98% of the population, and Black residents represent 0.99%. This diversity can enrich the social fabric of the area, offering unique perspectives and opportunities for businesses to cater to varied cultural needs, as well as fostering an inclusive environment for families and individuals relocating to 84601.

Key Facts

• Total population: 32,871 residents in ZIP 84601 as of 2023.
• Total households: 11,209, reflecting a mix of family and individual living arrangements.
• Total housing units: 11,673, with a small surplus of available properties.
• Median household income: $64,758, indicating moderate economic stability.
• Median home value: $370,300, pointing to a competitive housing market.
• Median rent: $1,173 per month, a key consideration for renters.
• Racial diversity: 59.17% White, 33.04% Hispanic, 1.98% Asian, 0.99% Black.

What This Means for You

For homebuyers, ZIP 84601 offers a competitive yet accessible housing market with a median home value of $370,300. The slight surplus of housing units (11,673 vs. 11,209 households) may provide some negotiation room, but budgeting for the median price is crucial. Investors and real estate agents can see potential in the small inventory of unoccupied units, which could be flipped or rented out, especially given the steady median rent of $1,173. The area’s diversity and moderate income levels also suggest a stable tenant base. For small-business owners, the population of 32,871 and median income of $64,758 indicate a market with decent purchasing power, while the cultural diversity (33.04% Hispanic) offers a chance to tailor products or services to specific community needs. Analysts can use these metrics to benchmark 84601 against neighboring ZIP codes, identifying trends in housing demand or economic growth.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 84601? Start by visiting ZipcodeGPT for a user-friendly platform to analyze any ZIP code.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.