ZIP 48168 - 860Z200US48168 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48168 for your next home, investment, or business venture, you’re in the right place. Located in a vibrant part of Michigan, this area offers a blend of suburban charm and economic strength. This demographic snapshot, based on 2023 data, provides a clear picture of the population, housing market, and income levels in 48168. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about this community.

Population & Households

ZIP code 48168 is home to a population of 25,039 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 8,955 households, reflecting a stable and family-oriented area. With 9,277 total housing units, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or investors looking for available properties. This balance suggests a community that’s neither overcrowded nor underpopulated, offering a comfortable density for both living and business purposes.

Income & Housing Costs

One of the standout features of ZIP 48168 is its robust economic profile. The median household income here is an impressive $173,671, pointing to a high-earning community with significant purchasing power. This income level supports a strong housing market, where the median home value stands at $546,300. For renters, the median rent is $2,248 per month, reflecting the premium nature of the area. These figures suggest that 48168 is a desirable location for those who can afford upscale living, while also signaling potential for investors seeking high-value properties or rental income.

Race & Ethnicity

The demographic makeup of ZIP 48168 is diverse yet predominantly white, with 71.96% of residents identifying as such. The Asian population is notable at 19.07%, contributing to the cultural richness of the area. Hispanic residents make up 3.68% of the population, while Black residents account for 2.26%. This composition indicates a community with a strong multicultural presence, particularly among Asian households, which could influence local businesses, schools, and cultural events. For business owners, this diversity offers opportunities to cater to varied customer needs and preferences.

Key Facts

• Total population in ZIP 48168: 25,039 residents.
• Total households: 8,955, indicating a family-friendly community.
• Total housing units: 9,277, with a small surplus of available homes.
• Median household income: $173,671, reflecting high earning potential.
• Median home value: $546,300, showcasing a premium real estate market.
• Median rent: $2,248, aligning with the area’s upscale housing costs.
• Racial composition: 71.96% White, 19.07% Asian, 3.68% Hispanic, 2.26% Black.

What This Means for You

For homebuyers, ZIP 48168 offers a high-quality living environment backed by strong household incomes and valuable properties. The median home value of $546,300 means you’re investing in a premium market, likely with good appreciation potential, though it requires significant financial readiness. Investors and real estate agents will find the slight surplus of housing units (9,277 units versus 8,955 households) intriguing, as it may point to opportunities for flipping homes or securing rental properties, especially with a median rent of $2,248. Small-business owners can leverage the high median income of $173,671 and diverse population to target affluent customers or niche markets, particularly those appealing to Asian and family-oriented demographics. Analysts can use this data as a benchmark to compare 48168 with neighboring ZIP codes or to assess long-term growth trends in this prosperous area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48168? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.