ZIP 48150 - 860Z200US48150 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48150, located in Livonia, Michigan, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 26,000 and a median household income above the national average, this ZIP code presents a stable and appealing community for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 48150 unique and whether it aligns with your goals.

Population & Households

ZIP 48150 is home to 26,749 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,516 households, reflecting a balanced mix of family and individual living arrangements. The total number of housing units stands at 10,724, indicating a slight surplus of available homes relative to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

One of the standout features of ZIP 48150 is its strong economic profile. The median household income is $94,058, which is notably higher than many areas across the country. This suggests a community with solid earning power, likely attracting professionals and families seeking financial stability. Housing costs align with this income level, with a median house value of $228,600. For renters, the median monthly rent is $1,328, which is reasonable given the income demographics and offers a viable option for those not ready to buy. These figures point to a market that balances affordability with quality, appealing to a range of budgets.

Race & Ethnicity

The demographic makeup of ZIP 48150 is predominantly White, with 84.33% of the population identifying as such. Other groups include Black residents at 3.27%, Asian residents at 1.82%, and Hispanic or Latino individuals at 4.67%. This composition reflects a relatively homogenous community with some diversity, which may influence cultural amenities, community events, and business opportunities. For those prioritizing a specific cultural environment or customer base, these numbers provide a starting point for understanding the area’s social fabric.

Key Facts

• Total population: 26,749 residents in ZIP 48150 as of 2023.
• Total households: 10,516, indicating a strong residential base.
• Total housing units: 10,724, with a small surplus over occupied homes.
• Median household income: $94,058, reflecting economic stability.
• Median house value: $228,600, a competitive price for the region.
• Median rent: $1,328 per month, offering rental affordability.
• Racial composition: 84.33% White, 3.27% Black, 1.82% Asian, 4.67% Hispanic.

What This Means for You

For homebuyers, ZIP 48150 offers a promising mix of affordability and quality. With a median home value of $228,600 and a strong median income of $94,058, you’re likely to find a community where homeownership is within reach, supported by stable earning potential. The slight surplus of housing units (10,724 total vs. 10,516 households) may also mean less competition when searching for your ideal property.

For investors and real estate agents, the data suggests a steady market with potential for growth. The income levels support both rental and purchase demand, while the median rent of $1,328 indicates a viable return for rental properties. Keeping an eye on the unoccupied housing units could reveal opportunities for flipping or long-term investment.

For small-business owners, the demographic profile and income levels are encouraging. A population of 26,749 with strong purchasing power means a potential customer base for retail, services, or dining. The predominantly White demographic, with smaller but notable diverse groups, suggests tailoring offerings to a broad yet specific audience while exploring niche markets.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing turnover, or community needs in ZIP 48150. The balance of income, housing costs, and population size makes this area a compelling case study for suburban dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48150? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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