ZIP 48071 - 860Z200US48071 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 48071, located in Michigan, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 28,000 and a mix of housing options, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to help you understand the community, economy, and housing landscape of 48071.

Population & Households

ZIP 48071 is home to 28,411 residents, making it a moderately sized community with a stable population base. These individuals are distributed across 13,685 households, reflecting a diverse mix of family structures and living arrangements. With 14,690 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 48071 stands at $66,726, suggesting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median house value is $190,300, which positions 48071 as an accessible market for first-time homebuyers or those seeking value in their real estate investments. For renters, the median rent is $1,138 per month, offering a range of options for those not ready to buy. These figures highlight a balanced housing market that caters to a variety of budgets and preferences.

Race & Ethnicity

The demographic makeup of ZIP 48071 reflects a predominantly white population at 79.34%, with smaller but significant representation from other groups. Black residents account for 7.44% of the population, while Asian residents make up 7.37%. Hispanic individuals represent 1.75% of the community. This diversity, though not extensive, adds cultural depth to the area, which can be a draw for businesses and families seeking an inclusive environment.

Key Facts

• Total population: 28,411 residents in ZIP 48071 as of 2023.
• Total households: 13,685, indicating a mix of family and individual living arrangements.
• Total housing units: 14,690, suggesting some availability for new occupants.
• Median household income: $66,726, reflecting a stable economic base.
• Median house value: $190,300, offering affordability in the housing market.
• Median rent: $1,138, providing options for renters at various income levels.
• Racial composition: 79.34% white, 7.44% black, 7.37% Asian, and 1.75% Hispanic.

What This Means for You

For homebuyers, ZIP 48071 offers a promising opportunity to enter a market with a median home value of $190,300, which is relatively affordable compared to many urban areas. The slight surplus of housing units (14,690 total units versus 13,685 households) may give you negotiating power or more options to choose from.

For real estate investors and agents, the data suggests potential for rental properties, given the median rent of $1,138 and a steady population base of over 28,000. The income level of $66,726 indicates that many residents can afford consistent rent payments, reducing vacancy risks.

For small-business owners, the population size and diversity in 48071 provide a decent customer base to tap into. The median income suggests disposable income for goods and services, while the cultural mix could support niche markets or specialized offerings.

For analysts, these metrics offer a baseline to track trends in housing availability, income growth, or demographic shifts over time, helping to inform broader market studies or local policy recommendations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48071? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.