ZIP 48217 - 860Z200US48217 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48217 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in the Detroit area, this ZIP code offers a unique profile that can inform your decisions. This snapshot, based on 2023 data, breaks down population stats, household dynamics, income levels, housing costs, and racial composition to give you a clear picture of life in 48217. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you assess opportunities and challenges in this community.

Population & Households

In 2023, ZIP 48217 is home to a population of 6,437 residents. This community supports 2,675 households, indicating a moderate density of living arrangements. With 3,071 total housing units in the area, there’s a mix of occupied and vacant properties. This balance suggests potential availability for new residents or investors looking to enter the market. Understanding these numbers can help homebuyers gauge neighborhood size and competition for housing, while businesses can assess the local customer base.

Income & Housing Costs

The median household income in ZIP 48217 stands at $46,671, reflecting a working-class community with moderate earning power. For homebuyers or investors, this income level provides context for affordability and potential demand for housing. The median house value is notably low at $45,100, which could signal opportunities for first-time buyers or investors seeking properties with room for appreciation. Meanwhile, the median rent is $1,083 per month, offering a benchmark for landlords or renters evaluating costs. These figures highlight 48217 as a potentially accessible market, though careful financial planning is advised given the income-to-cost dynamics.

Race & Ethnicity

The racial and ethnic composition of ZIP 48217 is predominantly Black, with 77.55% of residents identifying as such. Hispanic residents make up 12.2% of the population, while White residents account for just 4.04%. Data for Asian residents was not available in this dataset. This demographic makeup reflects a community with strong cultural identity, which can influence local businesses, community services, and social dynamics. For investors and business owners, understanding this diversity can guide marketing strategies or property development plans to align with resident needs and preferences.

Key Facts

• Total population in ZIP 48217: 6,437 residents in 2023.
• Total households: 2,675, supporting a community of moderate size.
• Total housing units: 3,071, with a mix of occupied and vacant properties.
• Median household income: $46,671, indicative of a working-class area.
• Median house value: $45,100, suggesting affordability for buyers or investors.
• Median rent: $1,083 per month, a key figure for renters and landlords.
• Racial composition: 77.55% Black, 12.2% Hispanic, 4.04% White.

What This Means for You

For homebuyers, ZIP 48217 offers an affordable entry point into homeownership with a median house value of $45,100. However, consider the median income of $46,671 when budgeting for ongoing costs and ensure the neighborhood aligns with your lifestyle needs. For investors and real estate agents, the low property values and available housing units (3,071 total) could present opportunities for renovation or rental income, especially with median rents at $1,083. Be mindful of local demand and economic factors influencing appreciation potential. For small-business owners, the population of 6,437 and predominantly Black demographic (77.55%) suggest a focused customer base—tailor your offerings to community preferences for maximum impact. Finally, analysts can use these metrics to track trends in housing affordability and demographic shifts in similar ZIP codes.

Run This Study Yourself

Want to dive deeper into ZIP 48217 or explore another area? Follow these steps to get customized insights:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to uncover detailed population, income, and real estate data.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.