ZIP 48187 - 860Z200US48187 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 48187, located in the vibrant Canton area of Michigan, this demographic and housing snapshot offers a clear picture of the community in 2023. With a sizable population, strong income levels, and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in 48187.

Population & Households

ZIP code 48187 is home to 52,710 residents, making it a bustling suburban area with a strong community feel. This population is spread across 19,413 households, indicating a mix of family and individual living arrangements. With 20,548 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could signal availability for new residents or investors looking to enter the market. This balance of population and housing suggests a stable yet growing community, ideal for those seeking both space and connection.

Income & Housing Costs

Financially, ZIP 48187 stands out with a median household income of $117,980, reflecting a relatively affluent population with significant purchasing power. This income level supports a robust local economy, which can be a draw for businesses and investors alike. On the housing front, the median home value is $341,400, positioning 48187 as a competitive yet accessible market for buyers in the region. For renters, the median rent is $1,435 per month, indicating a strong rental market that could appeal to investors seeking steady returns. These figures highlight an area where financial stability meets housing opportunity.

Race & Ethnicity

The cultural landscape of ZIP 48187 is notably diverse, offering a rich community fabric for residents and businesses. The racial composition includes 64.64% White, 8.73% Black, 16.72% Asian, and 5.69% Hispanic residents. This diversity fosters a welcoming environment for people from various backgrounds, which can be a significant advantage for small businesses aiming to cater to a broad customer base or for families seeking an inclusive place to call home. Understanding this mix can help stakeholders align their strategies with the community’s unique character.

Key Facts

• Total population: 52,710 residents in ZIP 48187 as of 2023.
• Total households: 19,413, supporting a mix of family and individual living.
• Total housing units: 20,548, suggesting potential availability for new occupants.
• Median household income: $117,980, indicating strong economic stability.
• Median home value: $341,400, reflecting a competitive housing market.
• Median rent: $1,435 per month, appealing to rental property investors.
• Diverse community: 64.64% White, 16.72% Asian, 8.73% Black, and 5.69% Hispanic.

What This Means for You

For homebuyers, ZIP 48187 offers a promising blend of affordability and value with a median home price of $341,400, paired with a high median income that supports a comfortable lifestyle. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find opportunity in both the purchase and rental markets, as the $1,435 median rent suggests demand for quality rental properties in a financially stable area. Small-business owners can leverage the diverse population of over 52,000 and their strong purchasing power to build a loyal customer base, especially in industries that cater to varied cultural needs. Analysts can use these metrics to identify trends in suburban growth, housing demand, and economic health, positioning 48187 as a case study for similar markets. Whether you’re settling down, investing, or launching a venture, this ZIP code offers a solid foundation.

Run This Study Yourself

• Curious about other areas or deeper insights into ZIP 48187? Start by visiting ZipcodeGPT to access powerful demographic tools.
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• Use the data to make informed decisions for your next home purchase, investment, or business strategy with ease.