ZIP 48042 - 860Z200US48042 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48042 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this region offers a mix of suburban appeal and economic strength. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 48042 is home to a population of 33,303 residents, making it a moderately sized community with room for both residential and commercial growth. The area supports 11,767 households, reflecting a stable base of families and individuals. With 12,067 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate potential availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout features of ZIP 48042 is its strong economic profile. The median household income stands at an impressive $125,433, suggesting a community with significant purchasing power and financial stability. This income level positions the area as attractive for businesses targeting higher-income consumers and for homebuyers seeking a prosperous neighborhood.

On the housing front, the median home value is $374,100, reflecting a robust real estate market. For renters, the median rent is $1,569 per month, which aligns with the area’s higher income bracket but may pose affordability challenges for some. These figures highlight ZIP 48042 as a premium location, ideal for those who can invest in or cater to an upscale market.

Race & Ethnicity

The demographic makeup of ZIP 48042 is predominantly White, with 92.92% of the population identifying as such. Other racial groups include Black (1.46%), Asian (2.11%), and Hispanic (1.8%). This composition points to a relatively homogenous community, which may influence cultural dynamics, business offerings, and community engagement. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while exploring opportunities to serve smaller, diverse segments.

Key Facts

• Total population: 33,303 residents in ZIP 48042.
• Total households: 11,767, indicating a solid residential base.
• Total housing units: 12,067, with a small surplus of available homes.
• Median household income: $125,433, reflecting strong economic health.
• Median home value: $374,100, signaling a high-value real estate market.
• Median rent: $1,569, consistent with an affluent area.
• Racial composition: 92.92% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 48042 offers a financially secure community with high median incomes and home values. The area’s housing surplus suggests some availability, but expect competitive pricing given the $374,100 median value. This is a great fit if you’re looking for a stable, upscale neighborhood to settle into long-term.

For real estate investors and agents, the strong income levels and home values indicate potential for solid returns, especially in a market with slight housing availability. Focus on properties that cater to higher-income families, and consider the rental market, where $1,569 median rent reflects demand for quality leased spaces.

For small-business owners, the high median income of $125,433 means residents have disposable income for premium goods and services. Tailor your offerings to this demographic, whether it’s retail, dining, or professional services, while noting the predominantly White population may shape cultural preferences.

For analysts, the data points to a stable, affluent community with limited diversity. Use this as a benchmark to compare with neighboring ZIP codes or to assess growth potential in housing and commercial sectors.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 48042? Start by visiting ZipcodeGPT for a user-friendly platform to analyze any ZIP code.
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