ZIP 48120 - 860Z200US48120 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48120 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a mix of residential stability and economic potential. In this detailed snapshot, we dive into the latest 2023 data on population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 48120.

Population & Households

As of 2023, ZIP 48120 is home to a population of 8,771 residents. This community supports 2,612 households, reflecting a moderate density of family units and individuals. With 2,910 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move in. This balance between population and housing stock suggests a stable residential environment, ideal for those seeking a settled yet accessible location.

Income & Housing Costs

Financial metrics in ZIP 48120 paint a picture of economic opportunity. The median household income stands at $66,667, indicating a solid earning base for many residents. This income level supports a comfortable lifestyle relative to housing costs in the area. The median house value is $236,800, which offers a reasonable entry point for homebuyers compared to pricier neighboring regions. For renters, the median rent is $1,407 per month, reflecting a competitive rental market that may appeal to investors seeking steady returns. These figures suggest that ZIP 48120 strikes a balance between affordability and value, making it a practical choice for various stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 48120 is predominantly White, with 75.57% of the population identifying as such. Other racial groups include Black residents at 2.61%, Asian residents at 6.16%, and Hispanic or Latino individuals at 3.83%. This composition reflects a community with a strong White majority but with notable diversity that enriches the cultural fabric. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the blend of perspectives in the neighborhood.

Key Facts

• Total population in ZIP 48120: 8,771 residents as of 2023.
• Total households: 2,612, indicating a stable community base.
• Total housing units: 2,910, with a slight surplus over occupied homes.
• Median household income: $66,667, supporting a comfortable local economy.
• Median house value: $236,800, offering value for potential buyers.
• Median rent: $1,407, appealing to rental investors.
• Racial composition: 75.57% White, 6.16% Asian, 3.83% Hispanic, 2.61% Black.

What This Means for You

For homebuyers, ZIP 48120 presents an attractive opportunity with a median house value of $236,800, which is accessible compared to many urban markets. The slight surplus of housing units could mean less competition when searching for your ideal home. Real estate investors and agents will find the rental market promising, with a median rent of $1,407 suggesting consistent demand and potential for solid returns. The stable population and household numbers also point to long-term investment viability. Small-business owners can leverage the median household income of $66,667 to target a consumer base with disposable income, while the diverse racial makeup offers a chance to cater to varied customer needs. Analysts can use these metrics to benchmark ZIP 48120 against nearby areas, identifying trends in housing and economic growth. Across all groups, this ZIP code offers a balanced foundation for personal or professional goals.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48120? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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