ZIP 48108 - 860Z200US48108 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48108, located in the Ann Arbor area of Michigan, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 27,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 48108 stand out and how it might align with your goals.

Population & Households

ZIP 48108 is home to 27,472 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 12,105 households, reflecting a mix of family units, singles, and shared living arrangements. The total number of housing units stands at 12,508, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 48108 is $80,425, which points to a relatively affluent community with solid earning power. This income level supports a strong local economy, beneficial for small businesses targeting middle- to upper-middle-class consumers. On the housing front, the median home value is $378,300, reflecting a competitive real estate market that could appeal to investors seeking appreciation over time. For renters, the median rent is $1,316 per month, which is reasonable compared to the income levels and may attract tenants looking for quality housing without the burden of ownership.

Race & Ethnicity

ZIP 48108 boasts a diverse population, which enriches the cultural fabric of the area and offers unique opportunities for community engagement and business outreach. The racial composition includes 57.74% White, 16.0% Black, 14.31% Asian, and 6.14% Hispanic residents. This diversity suggests a welcoming environment for families and individuals from varied backgrounds, as well as a potential customer base for businesses offering culturally specific products or services.

Key Facts

• Total population: 27,472 residents, offering a sizable community for engagement.
• Total households: 12,105, indicating a strong base of local consumers.
• Total housing units: 12,508, with a small surplus of available properties.
• Median household income: $80,425, supporting a robust local economy.
• Median home value: $378,300, reflecting a competitive housing market.
• Median rent: $1,316, providing affordable options for tenants.
• Diverse demographics: 57.74% White, 16.0% Black, 14.31% Asian, 6.14% Hispanic.

What This Means for You

For homebuyers, ZIP 48108 offers a stable and diverse community with a median home value of $378,300, which could be a sound long-term investment given the area’s income levels and economic strength. The slight surplus of housing units may also provide negotiating power when purchasing. Real estate investors and agents will find potential in the competitive home values and rental market, with median rents at $1,316 attracting a steady stream of tenants. The diversity and population size suggest sustained demand for housing over time.

For small-business owners, the median household income of $80,425 indicates a customer base with disposable income, ideal for retail, dining, or service-based ventures. The cultural diversity also opens doors for niche markets catering to specific ethnic or cultural needs. Analysts can leverage these metrics to assess market trends, forecast growth, or advise clients on strategic decisions in this dynamic area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48108? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed population, housing, and income insights tailored to your needs.
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