ZIP 48506 - 860Z200US48506 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48506 for a home purchase, real estate investment, or business opportunity, understanding the local demographics and housing landscape is essential. Located in Michigan, this area offers a mix of affordability and community diversity that can appeal to a wide range of interests. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition in 48506, helping you make informed decisions whether you’re a homebuyer, investor, agent, or small-business owner.

Population & Households

The total population in ZIP 48506 stands at 24,538, making it a moderately sized community with a solid residential base. This population is distributed across 9,875 households, indicating an average household size of roughly 2.5 people. For those looking to settle or invest here, this suggests a community with a balanced mix of families and individuals, offering potential for both personal connections and business customer bases.

Additionally, there are 11,114 total housing units in the area. The difference between total households and housing units points to a vacancy rate that could signal opportunities for investors or buyers looking for available properties. Understanding these numbers helps paint a picture of the community’s density and potential for growth or development.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 48506 presents an accessible economic profile. The median household income here is $44,416, reflecting a working-class community where affordability remains a key characteristic. For homebuyers, this income level suggests a market where housing costs are likely within reach for many, while businesses can expect a customer base with moderate purchasing power.

On the housing front, the median home value in 48506 is $91,200, positioning this area as a budget-friendly option compared to national averages. For investors and agents, this lower price point could mean opportunities for value-add properties or first-time buyer markets. Meanwhile, the median rent is $897 per month, offering a reasonable cost for renters and a potential income stream for landlords. These figures highlight 48506 as a practical choice for those prioritizing affordability.

Race & Ethnicity

Diversity can shape the cultural and social fabric of a community, and ZIP 48506 reflects a predominantly white population at 75.98%. However, there’s notable representation from other groups, with Black residents making up 8.85%, Hispanic or Latino individuals at 8.33%, and a smaller Asian population at 0.17%. This composition suggests a community with a majority demographic but enough diversity to foster varied perspectives and cultural influences.

For businesses, this mix can inform marketing strategies or product offerings tailored to different cultural needs. For residents and investors, it indicates a neighborhood where inclusivity plays a role, even if one demographic predominates. Understanding these dynamics can help you anticipate community needs and social interactions.

Key Facts

• Total population in ZIP 48506: 24,538 residents.
• Total households: 9,875, with an average size of about 2.5 people.
• Total housing units: 11,114, suggesting some vacancy for potential buyers or investors.
• Median household income: $44,416, indicative of a working-class area.
• Median home value: $91,200, offering affordability for homebuyers.
• Median rent: $897, a reasonable cost for tenants and landlords.
• Racial composition: 75.98% White, 8.85% Black, 8.33% Hispanic, 0.17% Asian.

What This Means for You

For homebuyers, ZIP 48506 offers an affordable entry into homeownership with a median home value of $91,200 and reasonable rental costs if you’re not ready to buy. The community size and household distribution suggest a stable, family-friendly environment. Investors and real estate agents can capitalize on the lower price points and potential vacancies among the 11,114 housing units, targeting first-time buyers or rental markets with a median rent of $897.

Small-business owners will find a working-class customer base with a median income of $44,416, ideal for offering value-driven products or services. The racial diversity, though moderate, allows for niche marketing to specific groups within the community. Analysts can use these metrics to benchmark 48506 against other ZIP codes, identifying trends in affordability and demographic shifts that could influence future growth.

Run This Study Yourself

Curious to dive deeper into ZIP 48506 or compare it with another area? You can access detailed demographic and housing data with ease by following these steps:

• Visit ZipcodeGPT to explore comprehensive ZIP code analytics.
• Enter any ZIP code to uncover population, income, housing, and diversity insights.
• Use the data to inform your homebuying, investment, or business decisions with confidence.