ZIP 48047 - 860Z200US48047 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48047 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant part of Michigan, this area offers a mix of suburban appeal and economic opportunity. This snapshot, based on 2023 data, breaks down population stats, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 48047 unique and how it can meet your needs.

Population & Households

ZIP 48047 is home to a population of 39,825 residents, making it a moderately sized community with a strong residential base. This population is spread across 16,017 households, indicating a stable and family-oriented environment. With 16,765 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest availability for new residents or investors looking to enter the market. For those seeking a balance of community size and accessibility, this ZIP code offers a promising setting.

Income & Housing Costs

Financial stability is a key consideration for anyone moving to or investing in a new area. In ZIP 48047, the median household income stands at $95,381, reflecting a relatively affluent community with solid earning potential. Housing costs align with this income level, with a median house value of $297,600. This suggests that homes in the area are priced for middle- to upper-middle-class buyers, offering good value for the quality of life provided. For renters, the median rent is $1,109 per month, which is reasonable compared to the income levels and could appeal to those not yet ready to buy. These figures position ZIP 48047 as a financially sound choice for many.

Race & Ethnicity

Understanding the cultural makeup of an area can provide insight into community dynamics and diversity. In ZIP 48047, the population is predominantly White, accounting for 85.08% of residents. Black or African American residents make up 5.47%, while Asian residents represent 1.55%. Additionally, 3.67% of the population identifies as Hispanic or Latino. This composition indicates a primarily homogeneous community with smaller, yet notable, diverse groups. For businesses and investors, this demographic profile can inform marketing strategies or community engagement efforts tailored to the majority and minority populations.

Key Facts

• Total population in ZIP 48047: 39,825 residents, offering a sizable community for engagement or customer base.
• Total households: 16,017, reflecting a strong residential presence.
• Total housing units: 16,765, with potential availability for new occupants or investors.
• Median household income: $95,381, indicating a financially stable population.
• Median house value: $297,600, appealing to mid-to-upper-tier homebuyers.
• Median rent: $1,109, providing an affordable option for renters.
• Racial composition: 85.08% White, 5.47% Black, 1.55% Asian, 3.67% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 48047 presents an attractive option with a median home value of $297,600 and a stable, income-secure community. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find opportunities in the balance of occupied and available units, paired with a median income that supports consistent rental demand at $1,109 monthly. The area’s demographics suggest a reliable tenant pool for long-term investments. Small-business owners can leverage the population of nearly 40,000 and the predominantly White demographic with pockets of diversity to tailor products or services—think family-oriented offerings or niche cultural markets. Finally, analysts can use these metrics to benchmark ZIP 48047 against neighboring areas for deeper market studies. This data equips you with a clear starting point for your next move.

Run This Study Yourself

• Want to explore ZIP 48047 further or analyze another area? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
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