ZIP 84606 - 860Z200US84606 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 84606, located in Provo, Utah, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down key metrics on population, income, housing, and racial composition to help you make informed decisions about living or working in 84606.

Population & Households

ZIP 84606 is home to a sizable population of 35,931 residents as of 2023. This figure reflects a vibrant community with a mix of families, students, and professionals, likely influenced by its proximity to educational institutions like Brigham Young University. The area supports 10,810 households, indicating a strong residential base for local businesses and services. With 11,428 total housing units, there’s a slight surplus of homes compared to households, which could suggest some availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 84606 stands at $52,110, which provides a benchmark for affordability and economic activity in the area. This income level suggests a community with moderate earning power, potentially appealing to small businesses targeting middle-income consumers. On the housing front, the median home value is $407,600, reflecting a competitive real estate market that may require careful financial planning for prospective buyers. For renters, the median rent is $1,149 per month, which aligns with the income levels but could pose challenges for those on tighter budgets. These figures highlight the need to weigh costs against income when considering a move or investment in 84606.

Race & Ethnicity

The demographic makeup of ZIP 84606 offers insight into the cultural fabric of the area. The population is predominantly White at 71.29%, with a significant Hispanic or Latino presence at 16.47%. Asian residents account for 2.29%, while Black residents make up 1.16%. This diversity can be a draw for businesses and investors seeking to cater to a varied customer base or for families looking for an inclusive community. Understanding these dynamics can help tailor services, marketing, or community engagement strategies to resonate with local residents.

Key Facts

• Total population in ZIP 84606: 35,931 residents.
• Total households: 10,810, supporting a robust residential community.
• Total housing units: 11,428, indicating potential availability for new occupants.
• Median household income: $52,110, reflecting moderate economic strength.
• Median home value: $407,600, signaling a competitive housing market.
• Median rent: $1,149 per month, a key consideration for renters.
• Racial composition: 71.29% White, 16.47% Hispanic, 2.29% Asian, 1.16% Black.

What This Means for You

For homebuyers, ZIP 84606 offers a dynamic community with a median home value of $407,600, which may require strategic budgeting or financing options given the median household income of $52,110. The slight surplus of housing units could mean opportunities to negotiate or find a property that fits your needs, especially if you’re flexible with timing.

For real estate investors and agents, the housing data suggests a market with steady demand but high entry costs. The median rent of $1,149 indicates potential for rental income, particularly near educational hubs where student housing demand may be strong. Keep an eye on occupancy trends to maximize returns.

For small-business owners, the population of 35,931 and diverse demographic profile provide a solid customer base. Tailoring products or services to middle-income households and a culturally varied audience could drive success. Consider the income levels when setting price points to ensure accessibility.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing affordability, and community needs in 84606. Pair this data with local employment or education statistics for a fuller picture of growth potential.

Run This Study Yourself

• Want to dive deeper into ZIP 84606 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and income data tailored to your needs.
• Use the insights to inform your next move, investment, or business strategy with confidence.