ZIP 48228 - 860Z200US48228 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48228 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Detroit, Michigan, this ZIP code offers a unique profile with a sizable population, affordable housing, and distinct community characteristics. This 2023 snapshot provides a clear, data-driven look at key metrics to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions about 48228.

Population & Households

ZIP 48228 is home to a population of 52,719 residents, making it a densely populated urban area with a vibrant community. This figure reflects a significant number of potential customers for businesses or neighbors for new residents. The area comprises 18,979 households, indicating a mix of family and individual living arrangements. With 22,620 total housing units, there’s a notable inventory of homes, though not all are occupied, which could signal opportunities for investors or buyers looking for available properties.

Income & Housing Costs

The median household income in ZIP 48228 stands at $31,485, which is relatively low compared to national averages. This suggests that affordability is a key factor for residents and potential buyers in this area. Housing costs align with this economic profile, with a median home value of $55,100—significantly below many urban markets. This low entry point could be attractive for first-time homebuyers or investors seeking properties with potential for appreciation. For renters, the median rent is $1,086 per month, which may be a consideration for those weighing the cost of renting versus buying in 48228.

Race & Ethnicity

The demographic makeup of ZIP 48228 is predominantly African American, with 71.49% of residents identifying as Black. White residents account for 16.49% of the population, while Hispanic or Latino individuals make up 6.27%. Asian residents represent a smaller share at 0.21%. This diversity shapes the cultural fabric of the community, offering a unique environment for businesses catering to specific cultural needs or for residents seeking a predominantly Black neighborhood with a mix of other ethnicities.

Key Facts

• Total population: 52,719 residents, indicating a substantial urban community.
• Total households: 18,979, reflecting a mix of family and solo living.
• Total housing units: 22,620, with some unoccupied units potentially available.
• Median household income: $31,485, pointing to an affordability-driven market.
• Median home value: $55,100, offering low-cost entry for buyers and investors.
• Median rent: $1,086, a key figure for renters evaluating costs.
• Racial composition: 71.49% Black, 16.49% White, 6.27% Hispanic, 0.21% Asian.

What This Means for You

For homebuyers, ZIP 48228 presents an opportunity to enter the housing market at a low cost, with median home values at $55,100. This affordability can be a stepping stone for first-time buyers, though it’s wise to factor in the area’s median income of $31,485 when planning finances. Real estate investors and agents might find value in the gap between total housing units (22,620) and occupied households (18,979), suggesting potential for flipping or renting properties. However, the low median income could impact rental yields or resale values, so thorough market analysis is key.

For small-business owners, the large population of 52,719 offers a sizable customer base, particularly for businesses tailored to the needs of a predominantly African American community (71.49% of residents). Understanding local income levels will help in pricing products or services appropriately. Analysts can use this data to track urban trends in affordable housing markets or study demographic shifts in similar ZIP codes. Overall, 48228 offers distinct opportunities balanced by economic considerations.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48228? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.