ZIP 48124 - 860Z200US48124 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48124 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is crucial. Located in Michigan, this ZIP code offers a mix of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear view of population trends, household income, housing values, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, investing, or operating in 48124.

Population & Households

ZIP 48124 is home to a population of 34,156 residents as of 2023. This sizable community is spread across 13,900 households, indicating a stable residential base. The total number of housing units in the area stands at 14,787, suggesting a slight surplus of available homes relative to occupied households. This balance could mean opportunities for buyers or renters looking to move into the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 48124 is $78,353, reflecting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in a suburban setting and indicates a community with purchasing power—valuable information for small-business owners eyeing local customers. On the housing front, the median home value is $192,100, which positions 48124 as an accessible market for first-time buyers or investors seeking properties below the national median in many areas. For renters, the median rent is $1,280 per month, offering a predictable cost structure for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 48124 is predominantly White, with 83.72% of the population identifying as such. Other groups include Black residents at 4.5%, Hispanic or Latino at 5.45%, and Asian at 0.89%. This composition points to a largely homogeneous community with smaller but notable diversity. For businesses and investors, understanding this breakdown can help tailor services, marketing, or community engagement strategies to resonate with the local population.

Key Facts

• Total population in ZIP 48124: 34,156 residents.
• Total households: 13,900, supporting a strong community base.
• Total housing units: 14,787, indicating potential availability for new residents or investors.
• Median household income: $78,353, suggesting economic stability.
• Median home value: $192,100, an accessible entry point for buyers.
• Median rent: $1,280, providing clarity for renters’ budgets.
• Racial composition: 83.72% White, 4.5% Black, 5.45% Hispanic, 0.89% Asian.

What This Means for You

For homebuyers, ZIP 48124 offers a promising market with median home values at $192,100—potentially within reach for many budgets. The slight surplus of housing units (14,787 total versus 13,900 households) could mean less competition when searching for a property. If you’re renting, the median rent of $1,280 provides a benchmark to plan your housing costs.

For real estate investors and agents, the data suggests room for growth. With a stable population of over 34,000 and a median income of $78,353, there’s a reliable tenant or buyer pool. The gap between housing units and households might also signal opportunities for flipping or renting properties.

For small-business owners, the income levels and population size indicate a community with disposable income and demand for local goods and services. Tailoring offerings to the predominantly White demographic, while being inclusive of smaller minority groups, could maximize your reach in 48124.

For analysts, these metrics provide a foundation for deeper studies into housing trends, economic health, or demographic shifts in this Michigan ZIP code. The balance of income and housing costs could be a starting point for forecasting future growth or challenges.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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