ZIP 48306 - 860Z200US48306 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48306, located in Rochester Hills, Michigan, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a robust population, high median income, and substantial property values, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the numbers to help you make informed decisions about living, investing, or operating in 48306.

Population & Households

ZIP 48306 is home to a population of 27,831 residents, making it a sizable community with a strong residential base. These individuals are distributed across 9,666 households, indicating a healthy density of family units and living arrangements. The total number of housing units stands at 10,202, suggesting a slight surplus of available homes or properties compared to occupied households. This balance could point to potential opportunities for buyers or investors looking for available properties in a well-populated area.

Income & Housing Costs

One of the standout metrics for ZIP 48306 is its median household income, which sits at an impressive $165,545. This figure reflects a community with significant earning power, likely attracting professionals and families seeking a high quality of life. Housing costs align with this affluence, as the median house value is $522,200, indicating a premium real estate market. For renters, the median rent is $1,645 per month, which, while substantial, remains more accessible than purchasing in this area. These numbers suggest that 48306 is a market for those with strong financial footing, whether buying, renting, or investing.

Race & Ethnicity

The demographic composition of ZIP 48306 offers insight into the community’s diversity. The population is predominantly White at 77.11%, with smaller but notable percentages of Asian (9.55%), Hispanic (5.51%), and Black (1.79%) residents. This mix indicates a primarily homogeneous area with growing diversity, which could influence cultural amenities, school environments, and business opportunities. For families and businesses, understanding this breakdown can help tailor decisions to the community’s unique makeup.

Key Facts

• Total population in ZIP 48306: 27,831 residents.
• Total households: 9,666, supporting a strong family and residential base.
• Total housing units: 10,202, with some availability beyond occupied homes.
• Median household income: $165,545, reflecting a high-earning community.
• Median house value: $522,200, indicative of a premium real estate market.
• Median rent: $1,645, a significant but more accessible cost for non-buyers.
• Racial composition: 77.11% White, 9.55% Asian, 5.51% Hispanic, 1.79% Black.

What This Means for You

For homebuyers, ZIP 48306 offers a high-quality living environment backed by a strong median income and property values. However, the median house value of $522,200 means you’ll need substantial resources or financing to enter this market. The slightly higher number of housing units compared to households could mean some inventory is available, but competition may still be stiff given the area’s appeal.

For investors and real estate agents, the numbers suggest a stable, high-value market in 48306. With a median income of $165,545, residents have the purchasing power to support premium properties, making this ZIP code a strong candidate for long-term investments. The rental market, with a median rent of $1,645, also offers potential for steady returns, especially for properties catering to professionals or families.

For small-business owners, the affluent demographic and sizable population of 27,831 provide a promising customer base. Businesses offering premium services, family-oriented products, or cultural amenities aligned with the area’s diversity could thrive. Consider the community’s needs based on its racial and economic makeup to position your offerings effectively.

For analysts, the data highlights a prosperous, predominantly residential area with room for growth in housing and diversity. Tracking trends in income, property values, and demographic shifts could reveal future opportunities or challenges in 48306.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48306? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.