ZIP 48206 - 860Z200US48206 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48206, located in Detroit, Michigan, understanding the local demographics and housing landscape is essential. This snapshot provides a detailed look at the area’s population, income, housing costs, and racial composition based on the latest 2023 data. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this unique community.

Population & Households

ZIP 48206 is home to a population of 16,447 residents. This community supports 6,577 households, reflecting a mix of family and individual living arrangements. With 10,784 total housing units in the area, there’s a notable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in a less saturated market. Understanding the balance of population and household density can help gauge the area’s livability and potential for growth.

Income & Housing Costs

The median household income in ZIP 48206 stands at $43,702, offering a glimpse into the economic profile of the area. For homebuyers or renters, this figure helps contextualize affordability and lifestyle expectations. On the housing front, the median home value is $102,300, which positions this ZIP code as a relatively accessible entry point for real estate compared to national averages. Meanwhile, the median rent is $923 per month, providing a cost-effective option for those not ready to buy. These metrics are critical for assessing whether this area aligns with your financial goals or investment strategy.

Race & Ethnicity

The demographic makeup of ZIP 48206 is predominantly Black, with 80.73% of residents identifying as such. White residents account for 11.92% of the population, while Hispanic individuals make up 3.45%, and Asian residents represent 0.91%. This diversity, with a strong representation of Black residents, shapes the cultural fabric of the community. For businesses and investors, understanding this composition can inform marketing strategies, community engagement, and service offerings tailored to the area’s unique identity.

Key Facts

• Total population: 16,447 residents in ZIP 48206.
• Total households: 6,577, supporting a range of family and individual setups.
• Total housing units: 10,784, with a mix of occupied and vacant properties.
• Median household income: $43,702, reflecting the area’s economic baseline.
• Median home value: $102,300, offering affordability for buyers.
• Median rent: $923, a competitive rate for renters.
• Racial composition: 80.73% Black, 11.92% White, 3.45% Hispanic, 0.91% Asian.

What This Means for You

For homebuyers, ZIP 48206 presents an affordable opportunity with a median home value of $102,300 and reasonable rental costs at $923 per month. This could be an ideal spot for first-time buyers or those seeking a lower-cost market. The population size and household density suggest a community with room to settle without feeling overcrowded.

For investors and real estate agents, the gap between total housing units (10,784) and occupied households (6,577) hints at potential for property acquisition or development. The median income of $43,702 indicates a market where affordability drives demand, potentially yielding steady rental income or resale value over time.

For small-business owners, the demographic profile—especially the predominant Black population (80.73%)—offers a chance to build culturally relevant products or services. With 16,447 residents, there’s a sizable local customer base to tap into, provided your offerings align with community needs and income levels.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing turnover, or social dynamics in ZIP 48206. The data serves as a starting point for forecasting growth or identifying challenges in this Detroit neighborhood.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48206? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Input any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make smarter decisions for your home purchase, investment, or business strategy.