ZIP 48134 - 860Z200US48134 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48134, located in Michigan, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 24,000 and a median household income above the national average, this ZIP code presents a stable and potentially rewarding environment for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics—population, income, housing costs, and diversity—to help you make informed decisions about this community.

Population & Households

ZIP 48134 is home to 24,472 residents, making it a moderately sized community with a mix of families, professionals, and individuals. The area supports 9,284 households, reflecting a strong residential base. With 9,579 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a community that’s neither overcrowded nor underpopulated, offering a comfortable density for living and business alike.

Income & Housing Costs

Financially, ZIP 48134 stands out with a median household income of $88,821, which is notably higher than many areas across the country. This suggests a relatively affluent population with disposable income, a positive signal for small businesses and service providers. On the housing front, the median home value is $252,500, positioning the area as a mid-range market—accessible for many buyers yet with room for appreciation. For renters, the median rent is $1,106 per month, which aligns reasonably with income levels, indicating affordability for a significant portion of residents. These figures paint a picture of economic stability, appealing to both homebuyers seeking value and investors eyeing steady returns.

Race & Ethnicity

The demographic makeup of ZIP 48134 reflects a predominantly white population at 77.09%, with smaller but significant representation from Black (8.09%), Hispanic (8.65%), and Asian (0.89%) communities. This diversity, while not as pronounced as in urban centers, still offers a blend of cultural perspectives that can enrich community life. For businesses, this mix suggests a customer base with varied needs and preferences, while homebuyers may appreciate the opportunity to join a community with growing inclusivity.

Key Facts

• Total population: 24,472 residents in 2023, indicating a stable community size.
• Total households: 9,284, supporting a strong residential foundation.
• Total housing units: 9,579, with a small surplus for potential buyers or renters.
• Median household income: $88,821, reflecting above-average earning power.
• Median home value: $252,500, a balanced price point for mid-range buyers.
• Median rent: $1,106, suggesting reasonable affordability for tenants.
• Racial composition: 77.09% White, 8.09% Black, 8.65% Hispanic, 0.89% Asian, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 48134 offers a promising mix of affordability and value. With median home prices at $252,500 and incomes supporting a comfortable lifestyle, this area could be ideal for families or individuals seeking a long-term residence. The slight surplus of housing units may also mean less competition when searching for your dream home.

For investors and real estate agents, the numbers suggest potential. The median income of $88,821 indicates residents can support rental rates around $1,106, while the home value points to a market with growth potential. The small gap between housing units and households could be an opportunity for rental properties or flips.

For small-business owners, the income levels and population size signal a customer base with purchasing power. Whether you’re opening a retail shop, restaurant, or service-based business, the diversity and economic stability of ZIP 48134 provide a solid foundation to attract varied clientele.

For analysts, these metrics offer a benchmark to compare with neighboring ZIP codes or historical trends, helping to predict future growth or shifts in housing demand.

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