ZIP 48073 - 860Z200US48073 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 48073, located in Michigan, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 33,000 and a robust housing market, this ZIP code presents a blend of stability and opportunity for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 48073 is home to 33,427 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 16,466 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 17,551, suggesting a small buffer of vacant or available properties. This balance between population and housing units points to a stable area with room for growth, whether you're looking to settle down or invest in property.

Income & Housing Costs

The median household income in ZIP 48073 is $86,426, reflecting a solid economic foundation for many residents. This income level supports a comfortable lifestyle and indicates purchasing power for local businesses. On the housing front, the median home value is $302,800, positioning this area as a mid-to-upper range market for potential buyers or investors. For renters, the median rent is $1,245 per month, offering a more accessible entry point into the community compared to purchasing. These figures suggest that ZIP 48073 caters to a range of budgets, with options for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 48073 is predominantly White, accounting for 79.94% of the population. Black residents make up 8.13%, while Asian individuals represent 4.38%. Hispanic or Latino residents comprise 3.13% of the population. This composition reflects a primarily White community with notable diversity, which can influence cultural dynamics, business opportunities, and community services. For businesses and investors, understanding this mix can help tailor offerings or marketing strategies to resonate with local residents.

Key Facts

• Total population: 33,427 residents, offering a sizable community for engagement or customer base.
• Total households: 16,466, indicating a strong residential presence.
• Total housing units: 17,551, with some availability for new residents or investors.
• Median household income: $86,426, suggesting economic stability and spending potential.
• Median home value: $302,800, reflecting a competitive yet accessible real estate market.
• Median rent: $1,245, providing affordable options for non-buyers.
• Racial composition: 79.94% White, 8.13% Black, 4.38% Asian, 3.13% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 48073 offers a stable housing market with a median home value of $302,800, ideal for those seeking a long-term investment in a community with strong income levels. The availability of housing units (17,551) compared to households (16,466) suggests you may have options to explore, though competition could still be present given the area’s appeal.

For investors and real estate agents, the data points to potential in both rental and purchase markets. With a median rent of $1,245, rental properties could yield steady returns, especially for tenants unable to buy at the $302,800 median price point. The slight surplus of housing units also hints at opportunities for flipping or development, provided market demand aligns.

For small-business owners, the population of 33,427 and median income of $86,426 signal a community with disposable income to support local goods and services. The diversity in racial composition also suggests a chance to cater to varied cultural preferences, whether through product offerings or targeted marketing.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or demographic shifts in ZIP 48073. The balance of income, housing costs, and population size offers a compelling case for further research or forecasting.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48073? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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