ZIP 48640 - 860Z200US48640 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 48640, understanding the local demographics and housing landscape is essential. Located in a vibrant community, this area offers a mix of residential stability and economic potential. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and diversity in ZIP 48640. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps with confidence.

Population & Households

ZIP 48640 is home to a population of 32,630 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 13,425 households, reflecting a balance of family and individual living arrangements. With 14,340 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 48640 stands at $81,630, suggesting a relatively comfortable economic environment for many residents. This income level supports a housing market where the median home value is $191,000—a figure that positions the area as accessible for middle-income buyers while offering potential for appreciation. For renters, the median rent is $928 per month, providing a more affordable alternative to homeownership. These metrics highlight ZIP 48640 as a balanced market for both purchasing and leasing, catering to diverse financial situations.

Race & Ethnicity

The demographic makeup of ZIP 48640 reflects a predominantly white population at 89.68%, with smaller but notable representation from other groups. Black residents account for 1.14%, Asian residents make up 1.47%, and Hispanic individuals represent 3.77% of the population. This composition indicates a community with limited diversity but a foundation of cultural variety that could appeal to those seeking a primarily homogeneous yet inclusive environment. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while addressing niche needs.

Key Facts

• Total population: 32,630 residents in ZIP 48640 as of 2023.
• Total households: 13,425, supporting a stable community structure.
• Total housing units: 14,340, indicating potential availability for new occupants.
• Median household income: $81,630, reflecting solid earning power.
• Median home value: $191,000, offering an accessible entry point for buyers.
• Median rent: $928, providing a cost-effective option for non-owners.
• Racial composition: 89.68% white, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 48640 presents a promising opportunity with a median home value of $191,000 and a median income of $81,630, suggesting affordability for many middle-income families. The slight surplus of housing units (14,340 total versus 13,425 households) could mean less competition when searching for a property. Real estate investors and agents might find value in this market’s stability and potential for growth, especially with homes priced at a level that attracts a broad buyer pool. The rental market, with a median rent of $928, also offers opportunities for steady returns on investment properties.

For small-business owners, the population of 32,630 provides a sizable customer base, while the income level indicates disposable income for goods and services. The demographic composition, predominantly white with smaller diverse groups, suggests a need for targeted offerings that resonate with the majority while exploring niche markets. Analysts can use this data to assess economic trends, housing demand, and community needs, making ZIP 48640 a case study for balanced growth potential.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 48640? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions, whether you're buying a home, investing, or planning a business venture.