ZIP 48204 - 860Z200US48204 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 48204 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in Detroit, Michigan, this area offers a unique profile for potential residents, investors, and entrepreneurs. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help you make informed decisions. Whether you're a homebuyer seeking affordability or a small-business owner evaluating market potential, these insights will guide your next steps.

Population & Households

ZIP 48204 is home to a population of 19,723 residents as of 2023. This community supports 8,583 households, reflecting a moderate density of families and individuals. With 13,691 total housing units in the area, there’s a notable gap between occupied and available properties, which could signal opportunities for investors or developers. Understanding the balance of population and household numbers can help homebuyers gauge community size and competition for housing, while businesses can assess the local customer base.

Income & Housing Costs

The median household income in ZIP 48204 stands at $32,875, which is below the national average but reflects the economic realities of this Detroit neighborhood. For homebuyers, this income level suggests a market where affordability is a key factor. The median house value is $53,600, making this area one of the more accessible entry points for homeownership or real estate investment in the region. Meanwhile, the median rent is $970 per month, offering a reasonable cost for renters. These figures are critical for investors calculating potential returns and for small-business owners assessing the purchasing power of local residents.

Race & Ethnicity

The demographic makeup of ZIP 48204 is predominantly African American, with 85.74% of the population identifying as Black. White residents account for 3.56%, Hispanic or Latino individuals make up 5.36%, and Asian residents represent just 0.04%. This racial composition highlights a largely homogeneous community, which can influence cultural dynamics, local businesses, and community services. For investors and business owners, understanding this breakdown is vital for tailoring offerings or marketing strategies to resonate with the majority demographic.

Key Facts

• Total population: 19,723 residents in ZIP 48204 as of 2023.
• Total households: 8,583, indicating a solid base of local families and individuals.
• Total housing units: 13,691, with a significant number of unoccupied properties.
• Median household income: $32,875, reflecting an affordable market.
• Median house value: $53,600, a low entry point for buyers and investors.
• Median rent: $970, reasonable for renters in the area.
• Racial majority: 85.74% Black, shaping the community’s cultural identity.

What This Means for You

For homebuyers, ZIP 48204 offers an affordable path to homeownership with a median house value of $53,600. This price point could be ideal for first-time buyers or those looking to build equity in an up-and-coming area. However, consider the lower median income when evaluating long-term value appreciation and neighborhood amenities.

For investors and real estate agents, the gap between total housing units (13,691) and occupied households (8,583) suggests potential for rental properties or fixer-upper investments. The low median house value paired with a median rent of $970 could yield attractive returns if demand for housing grows.

For small-business owners, the population of nearly 20,000 and a predominantly African American demographic provide a clear target market. Focus on products or services that align with local needs and cultural preferences, while keeping the median income of $32,875 in mind for pricing strategies.

For analysts, these metrics offer a baseline for tracking economic and demographic trends in ZIP 48204. The data can inform broader studies on urban development, housing affordability, and community dynamics in Detroit.

Run This Study Yourself

• Want to dive deeper into ZIP 48204 or compare it with other areas? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and income data tailored to your needs.
• Use the insights to make confident decisions for your home purchase, investment, or business strategy.