ZIP 48340 - 860Z200US48340 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 48340, understanding the area's demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a diverse population and a range of housing options. With data from 2023, this snapshot provides a clear view of the community’s makeup, income levels, and real estate metrics. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living or working in 48340.

Population & Households

ZIP 48340 is home to a population of 25,696 residents as of 2023. This sizable community is spread across 11,276 households, reflecting a mix of family structures and living arrangements. The total number of housing units in the area stands at 12,154, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 48340 is $46,474, which provides a benchmark for understanding the economic profile of the area. This income level may influence affordability for potential homebuyers and renters, as well as the types of businesses that might thrive here. On the housing front, the median house value is $105,800, positioning 48340 as a relatively accessible market for first-time buyers or investors seeking value. For renters, the median rent is $1,096 per month, which aligns with the income levels and offers a sense of the cost of living for non-homeowners.

Race & Ethnicity

ZIP 48340 stands out for its diverse population, with a balanced racial and ethnic composition. Black residents make up 30.69% of the population, closely followed by Hispanic residents at 30.65%, and White residents at 28.74%. Additionally, Asian residents account for 3.93% of the community. This diversity creates a vibrant cultural landscape, which can be a draw for families, businesses, and investors looking for an inclusive environment with varied perspectives and opportunities.

Key Facts

• Total population in ZIP 48340: 25,696 residents.
• Total households: 11,276, with 12,154 total housing units available.
• Median household income: $46,474, reflecting the area’s economic baseline.
• Median house value: $105,800, offering potential affordability for buyers.
• Median rent: $1,096 per month, a key figure for renters and landlords.
• Racial composition: Black (30.69%), Hispanic (30.65%), White (28.74%), Asian (3.93%).

What This Means for You

For homebuyers, ZIP 48340 presents an opportunity to enter a market with a median home value of $105,800, which could be within reach for many, especially first-time buyers. The slight surplus of housing units (12,154 total versus 11,276 households) suggests there may be options to choose from, though competition could still exist in desirable areas. With a median rent of $1,096, renting is also a viable option if buying isn’t the right fit yet.

For real estate investors and agents, the data points to potential in both rental and purchase markets. The diversity of the population and the balanced income levels indicate a steady demand for housing, whether for families or individuals. The median house value offers room for appreciation, while the rental rates suggest a stable income stream for landlords.

For small-business owners, the diverse demographic makeup of 48340—coupled with a median household income of $46,474—offers a customer base with varied needs and spending capacities. This could be an ideal location for businesses catering to multicultural communities or offering affordable goods and services.

For analysts, these metrics provide a foundation for deeper research into trends like housing occupancy rates, economic growth, or cultural integration in ZIP 48340. The balanced racial composition and housing surplus are notable starting points for further study.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48340? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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• Use the insights to guide your next home purchase, investment decision, or business strategy with confidence.