ZIP 48235 - 860Z200US48235 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48235, located in Detroit, Michigan, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of nearly 47,000 and a unique community profile, this ZIP code presents distinct opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Using the latest data, we’ll break down population trends, income levels, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 48235 is home to 46,960 residents, making it a moderately sized community within the Detroit area. These individuals are distributed across 18,562 households, reflecting a mix of family and individual living arrangements. With 20,946 total housing units in the area, there’s a notable difference between occupied and available units, which could signal opportunities for investors or buyers looking for properties in a less competitive market. Understanding the balance of population and housing availability is key for anyone planning to settle or invest here.

Income & Housing Costs

The median household income in ZIP 48235 stands at $41,011, which is below the national average but reflective of the economic conditions in parts of Detroit. For homebuyers or renters, this income level suggests a community where affordability is a priority. The median house value is $79,400, offering a relatively low entry point for purchasing property compared to many urban markets. Meanwhile, the median rent is $1,151 per month, which may appeal to renters seeking reasonable costs or investors eyeing rental income potential. These figures highlight an area where housing remains accessible, though income constraints could influence purchasing power.

Race & Ethnicity

The racial and ethnic composition of ZIP 48235 is predominantly African American, with 94.03% of the population identifying as Black. Other groups include White residents at 2.52%, Hispanic or Latino at 1.39%, and Asian at 0.34%. This demographic makeup reflects a strong cultural identity and community cohesion, which can be a draw for those seeking a tight-knit neighborhood. For businesses and investors, understanding this composition is crucial for tailoring services, marketing, or development plans to align with the community’s needs and preferences.

Key Facts

• Total population: 46,960 residents in ZIP 48235 as of 2023.
• Total households: 18,562, indicating a mix of family and solo living.
• Total housing units: 20,946, with some units potentially vacant or available.
• Median household income: $41,011, reflecting local economic conditions.
• Median house value: $79,400, an affordable entry point for buyers.
• Median rent: $1,151, offering reasonable costs for tenants.
• Racial composition: 94.03% Black, 2.52% White, 1.39% Hispanic, 0.34% Asian.

What This Means for You

For homebuyers, ZIP 48235 offers an affordable housing market with a median home value of $79,400, ideal for first-time buyers or those on a budget. However, consider the median income of $41,011 when assessing long-term affordability and neighborhood amenities. Investors and real estate agents might find value in the gap between total housing units (20,946) and occupied households (18,562), suggesting potential for flipping properties or developing rentals, especially with a median rent of $1,151. Keep an eye on local demand and economic trends to maximize returns. Small-business owners can leverage the area’s strong community identity—predominantly African American at 94.03%—to offer culturally relevant products or services, while the population size of 46,960 ensures a sizable customer base. Finally, analysts can use this data to track demographic shifts or housing market dynamics in Detroit’s broader context, identifying patterns for future growth or investment.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48235? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed population, income, and housing insights tailored to your needs.
• Use the results to inform your homebuying, investment, or business decisions with confidence.