ZIP 48317 - 860Z200US48317 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48317, located in Michigan, this demographic and housing snapshot offers a clear picture of the area in 2023. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the population, income levels, housing market, and cultural composition can guide your decisions. Based on the latest data, this analysis breaks down key metrics to help you assess the potential of this community with confidence.

Population & Households

ZIP 48317 is home to a population of 27,998 residents as of 2023, making it a moderately sized community with a stable residential base. This population is distributed across 12,294 households, reflecting a mix of family and individual living arrangements. With 12,936 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this ZIP code.

Income & Housing Costs

The median household income in ZIP 48317 stands at $72,465, suggesting a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the context of local housing costs. The median house value is $248,700, which positions this area as a potentially accessible market for homebuyers, especially when compared to higher-priced regions nearby. For renters, the median rent is $1,227 per month, offering a more affordable alternative to homeownership while still reflecting the area’s desirable qualities. These figures provide a balanced view of affordability and investment potential for those eyeing real estate in 48317.

Race & Ethnicity

The demographic makeup of ZIP 48317 is predominantly White, with 78.67% of the population identifying as such. Other notable groups include Black residents at 4.93%, Asian residents at 6.01%, and Hispanic or Latino individuals at 3.87%. This composition reflects a community with a strong majority but also a presence of diversity that can enrich the cultural fabric. For businesses and investors, this mix may influence market strategies, customer outreach, or community engagement efforts tailored to the area’s unique demographic profile.

Key Facts

• Total population: 27,998 residents in 2023, indicating a stable community size.
• Total households: 12,294, showing a mix of family and individual living setups.
• Total housing units: 12,936, with a small surplus of available homes.
• Median household income: $72,465, supporting a comfortable local economy.
• Median house value: $248,700, offering potential affordability for buyers.
• Median rent: $1,227 per month, a viable option for renters.
• Racial composition: 78.67% White, 4.93% Black, 6.01% Asian, 3.87% Hispanic.

What This Means for You

For homebuyers, ZIP 48317 presents a promising opportunity with a median house value of $248,700 and a slight surplus of housing units. This could mean less competition and more negotiating power when purchasing a home. The median income of $72,465 also suggests a financially stable community, which often correlates with well-maintained neighborhoods.

For real estate investors and agents, the balance of home values and rental rates ($1,227 median rent) indicates potential for both long-term appreciation and rental income. The small gap between total housing units and households might also hint at room for development or flipping opportunities in this ZIP code.

For small-business owners, the population of nearly 28,000 and a diverse demographic mix provide a sizable customer base. Tailoring products or services to the majority White population while also considering the needs of Asian, Black, and Hispanic residents could help maximize market reach. The solid median income further supports consumer spending power in the area.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, or community growth patterns in 48317, helping to inform broader regional studies or investment strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48317? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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