ZIP 48030 - 860Z200US48030 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48030 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of affordability and diversity that appeals to a wide range of stakeholders. With a population of nearly 15,000 and a median household income of over $62,000, this area presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. In this detailed snapshot, we break down the 2023 data to help you make informed decisions about living, investing, or operating in ZIP 48030.

Population & Households

ZIP 48030 is home to a population of 14,945 residents, spread across 6,799 households. This translates to an average household size that supports a community feel while still offering enough density for businesses to thrive. The total number of housing units stands at 7,149, indicating a slight surplus of available properties compared to occupied households. This gap could signal opportunities for buyers or investors looking to enter the market in this area.

Income & Housing Costs

The median household income in ZIP 48030 is $62,878, reflecting a stable economic base for residents. This income level supports a housing market where the median home value is $141,200—a figure that suggests relative affordability compared to many urban centers. For renters, the median monthly rent is $1,221, which aligns with the income levels and offers a viable option for those not ready to buy. These metrics indicate that ZIP 48030 could be a practical choice for families and individuals seeking cost-effective living without sacrificing access to essential amenities.

Race & Ethnicity

The demographic makeup of ZIP 48030 is predominantly White, with 73.62% of the population identifying as such. Black residents account for 9.71%, while Asian and Hispanic populations make up 1.06% and 5.81%, respectively. This diversity, though moderate, contributes to a varied cultural landscape that can enrich community life and appeal to businesses targeting a range of customer backgrounds. Understanding this composition is key for investors and business owners aiming to tailor their offerings to local needs.

Key Facts

• Total population: 14,945 residents in ZIP 48030 as of 2023.
• Total households: 6,799, supporting a community-oriented environment.
• Total housing units: 7,149, with a small surplus of available properties.
• Median household income: $62,878, indicating economic stability.
• Median home value: $141,200, offering affordability for buyers.
• Median rent: $1,221 per month, a reasonable rate for the area.
• Racial composition: 73.62% White, 9.71% Black, 1.06% Asian, 5.81% Hispanic.

What This Means for You

For homebuyers, ZIP 48030 offers an attractive entry point into homeownership with a median home value of $141,200. This price, paired with a median income of $62,878, suggests that many households can afford to buy here, making it a practical choice for first-time buyers or those relocating on a budget. The slight surplus of housing units (7,149 total versus 6,799 households) may also mean less competition in the market.

For investors and real estate agents, the data points to potential in both buying and renting properties. With median rents at $1,221, rental properties could yield steady returns, especially given the population size and income stability. The diversity in the area also suggests a broad tenant base to target.

For small-business owners, the population of nearly 15,000 and the diverse demographic mix provide a solid customer foundation. The median income level supports discretionary spending, which could benefit retail, dining, or service-based businesses. Tailoring offerings to the cultural diversity of the area could further enhance success.

For analysts, these metrics offer a clear picture of a stable, moderately diverse community with affordable housing and income levels that support growth. This data can inform broader market studies or localized investment strategies.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 48030? 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 in any location.