ZIP 48507 - 860Z200US48507 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 48507 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in Michigan, this area offers a mix of affordability and diversity that can appeal to a wide range of stakeholders. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 48507 is home to a population of 28,648 residents as of 2023. This community supports 12,436 households, indicating a moderate density of family units and individuals. With 13,923 total housing units in the area, there’s a slight surplus of available properties compared to occupied households. This could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The median household income in ZIP 48507 stands at $47,165, reflecting a working-class community with moderate earning power. For homebuyers, this income level suggests affordability is a key consideration when evaluating properties. The median house value is $101,200, which positions this area as an accessible entry point for first-time buyers or investors seeking lower-cost real estate. Meanwhile, the median rent of $923 per month offers a reasonable option for renters and a potential income stream for property owners. These figures highlight a cost-effective housing market compared to many urban centers, making ZIP 48507 a practical choice for budget-conscious stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 48507 reflects a diverse community with a blend of cultural backgrounds. The racial composition includes 58.7% White, 28.2% Black, 0.6% Asian, and 4.7% Hispanic residents. This diversity can be a draw for businesses aiming to serve a varied customer base or for families seeking an inclusive environment. Understanding this mix is also valuable for real estate agents and investors tailoring their marketing strategies to resonate with local residents.

Key Facts

• Total population: 28,648 residents in 2023.
• Total households: 12,436, supporting a mix of families and individuals.
• Total housing units: 13,923, suggesting some availability for new occupants.
• Median household income: $47,165, indicating a moderate-income community.
• Median house value: $101,200, an affordable option for buyers.
• Median rent: $923, offering reasonable costs for tenants.
• Racial diversity: 58.7% White, 28.2% Black, 0.6% Asian, 4.7% Hispanic.

What This Means for You

For homebuyers, ZIP 48507 presents an affordable housing market with a median home value of $101,200, well below many national averages. This could be an ideal spot for first-time buyers or those looking to downsize without sacrificing community amenities. The diversity and population size also suggest a vibrant local culture to integrate into.

For investors and real estate agents, the slight surplus of housing units (13,923 total versus 12,436 households) hints at potential inventory to acquire or list. The median rent of $923 indicates a steady rental market for landlords, while the lower home values could yield attractive returns if property appreciation occurs over time.

For small-business owners, the diverse demographic profile of ZIP 48507 offers a chance to cater to a broad audience. With a median household income of $47,165, pricing strategies should focus on affordability to align with local purchasing power. The population of over 28,000 also provides a sizable customer base for retail, services, or dining ventures.

For analysts, these metrics provide a baseline to track trends in housing affordability, demographic shifts, or economic growth in ZIP 48507. Comparing these figures to neighboring areas or historical data could uncover emerging opportunities or challenges.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 48507? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business strategy.