ZIP 48322 - 860Z200US48322 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 48322, located in the heart of Michigan’s Oakland County, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 33,000 and a strong median household income, this ZIP code presents a blend of suburban stability and diversity. Whether you're a homebuyer, real estate investor, small-business owner, or data analyst, understanding these metrics can guide your next steps. Let’s break down the key numbers and what they mean for you.

Population & Households

ZIP 48322 is home to 33,197 residents, making it a moderately sized community with a suburban feel. These individuals are spread across 12,843 households, indicating an average household size of roughly 2.6 people. This balance suggests a mix of families, couples, and singles, which can appeal to a wide range of homebuyers or businesses targeting diverse customer bases. The total number of housing units stands at 13,481, showing a slight surplus over occupied households, which could point to available properties or rental opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 48322 is its median household income of $118,001, reflecting a financially stable community with significant purchasing power. This figure positions the area as an attractive spot for businesses catering to middle- and upper-middle-class consumers. On the housing front, the median home value is $374,000, indicating a robust real estate market that could offer solid returns for investors or long-term value for buyers. For renters, the median rent of $1,975 suggests a premium rental market, aligning with the area’s income levels and property values.

Race & Ethnicity

The demographic makeup of ZIP 48322 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 63.56% White, 19.61% Black, 9.56% Asian, and 3.42% Hispanic residents. This diversity not only enriches the cultural fabric of the area but also signals opportunities for businesses and services that cater to varied backgrounds and preferences. For investors and analysts, this mix may influence market strategies or community engagement plans.

Key Facts

• Total population in ZIP 48322: 33,197 residents.
• Total households: 12,843, with an average size of about 2.6 people.
• Total housing units: 13,481, suggesting some availability for new occupants.
• Median household income: $118,001, indicating strong economic stability.
• Median home value: $374,000, reflecting a competitive real estate market.
• Median rent: $1,975, aligning with the area’s higher income bracket.
• Racial diversity: 63.56% White, 19.61% Black, 9.56% Asian, 3.42% Hispanic.

What This Means for You

For homebuyers, ZIP 48322 offers a stable, affluent community with home values at a median of $374,000, suggesting a worthwhile investment if you’re looking for long-term appreciation. The diverse population also means a welcoming environment for families of varied backgrounds. Real estate investors and agents will find potential in the slight surplus of housing units (13,481 vs. 12,843 households), which could translate to opportunities for rentals or flips, especially with a median rent of $1,975 attracting reliable tenants. Small-business owners can leverage the high median income of $118,001 to target a customer base with disposable income, while the area’s diversity opens doors for niche markets or culturally specific offerings. Finally, analysts can use these metrics to benchmark ZIP 48322 against neighboring areas or predict future growth trends based on income and housing data.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48322? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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