ZIP 48162 - 860Z200US48162 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48162, located in Monroe, Michigan, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the community’s population, income levels, housing market, and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in this region.

Population & Households

ZIP 48162 is home to a population of 28,275 residents, making it a moderately sized community with a stable residential base. These individuals are distributed across 11,807 households, reflecting a mix of family and individual living arrangements. With 12,698 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities.

Income & Housing Costs

The median household income in ZIP 48162 stands at $68,801, suggesting a community with a solid economic foundation. This income level supports a comfortable lifestyle for many residents and indicates potential purchasing power for local businesses. On the housing front, the median home value is $192,200, which positions the area as relatively affordable compared to national averages, appealing to first-time buyers or those seeking value in their real estate investments. For renters, the median rent is $912 per month, offering a more budget-friendly option for those not ready to buy or seeking flexibility.

Race & Ethnicity

The demographic makeup of ZIP 48162 is predominantly White, with 89.81% of the population identifying as such. Black residents account for 3.23% of the population, while Asian residents make up 0.62%. Additionally, 2.51% of the population identifies as Hispanic. This composition reflects a largely homogeneous community with smaller but notable diversity, which may influence cultural dynamics, business offerings, or community services in the area.

Key Facts

• Total population: 28,275 residents in ZIP 48162 as of 2023.
• Total households: 11,807, indicating a mix of family and solo living.
• Total housing units: 12,698, suggesting some availability for new occupants.
• Median household income: $68,801, reflecting a stable economic base.
• Median home value: $192,200, an accessible entry point for buyers.
• Median rent: $912 per month, a reasonable cost for renters.
• Racial composition: 89.81% White, 3.23% Black, 0.62% Asian, 2.51% Hispanic.

What This Means for You

For homebuyers, ZIP 48162 offers an attractive mix of affordability and stability. With a median home value of $192,200, you can find properties that fit a range of budgets, while the median income of $68,801 suggests a community with financial steadiness—ideal for settling down. If you’re renting, the $912 median rent provides a cost-effective alternative while you explore long-term plans.

For real estate investors and agents, the slight surplus of housing units (12,698 total versus 11,807 households) hints at potential vacancies or opportunities for rental properties or flips. The area’s income levels also support a market where residents can afford moderate rents or mortgage payments, reducing risk for investment properties.

For small-business owners, the population of 28,275 and a median income of $68,801 point to a customer base with disposable income for local goods and services. The demographic homogeneity (89.81% White) may shape your marketing or product offerings, but there’s room to cater to smaller diverse groups as well.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing demand, or community needs in ZIP 48162. The data suggests a stable, middle-income area with potential for growth or targeted development.

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