ZIP 48092 - 860Z200US48092 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48092 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 blend of suburban appeal and economic opportunity. With a population of over 27,000 and a diverse community, it’s a place that caters to a wide range of needs. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 48092 is home to 27,867 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 10,708 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 11,052, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for buyers or investors looking to enter the market, as well as for businesses seeking to serve a stable population.

Income & Housing Costs

The median household income in ZIP 48092 is $71,761, positioning it as a community with solid earning power. This income level supports a comfortable lifestyle for many residents and indicates a market where discretionary spending on local goods and services could be significant. On the housing front, the median home value is $205,300, which offers a relatively accessible entry point for homebuyers compared to pricier neighboring areas. For renters, the median rent is $1,186 per month, reflecting a rental market that caters to a range of budgets. These figures provide a clear picture of affordability and potential return on investment for real estate stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 48092 is notably diverse, creating a vibrant and inclusive community. The racial composition includes 63.17% White, 13.52% Black, 17.36% Asian, and 2.22% Hispanic residents. This diversity can be a significant draw for families and businesses alike, as it fosters a culturally rich environment. For small-business owners, this mix suggests a customer base with varied needs and preferences, while investors and homebuyers may appreciate the community’s broad appeal.

Key Facts

• Total population: 27,867 residents, offering a substantial market for businesses and services.
• Total households: 10,708, indicating a strong residential foundation.
• Total housing units: 11,052, with a small surplus of available properties.
• Median household income: $71,761, reflecting solid economic stability.
• Median home value: $205,300, an accessible price point for many buyers.
• Median rent: $1,186, catering to a range of renter budgets.
• Racial diversity: 63.17% White, 13.52% Black, 17.36% Asian, 2.22% Hispanic, fostering a vibrant community.

What This Means for You

For homebuyers, ZIP 48092 presents an attractive opportunity with a median home value of $205,300, which is within reach for many budgets, especially given the median household income of $71,761. The slight surplus of housing units (11,052 total versus 10,708 households) could mean less competition in the market, potentially giving you leverage in negotiations.

For real estate investors and agents, the combination of affordable home prices and a stable rental market (median rent of $1,186) suggests potential for steady returns, whether through long-term rentals or property flips. The area’s population size and diversity also indicate sustained demand for housing.

For small-business owners, the diverse population of 27,867 and solid median income point to a customer base with varied needs and purchasing power. Whether you’re opening a retail store, restaurant, or service-based business, this community offers a promising market to tap into.

For analysts, the data highlights a balanced and diverse ZIP code with economic stability and housing affordability, making it a candidate for further study on growth trends or market potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48092? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to inform your decisions, whether you’re buying a home, investing, or planning a business venture.