ZIP 48642 - 860Z200US48642 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 48642, understanding the local demographic and housing landscape is essential. Located in a dynamic region, this area offers a mix of residential stability and economic potential. With a population of over 33,000 and a median household income above the national average, ZIP 48642 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions.

Population & Households

ZIP 48642 is home to 33,770 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 13,969 households, reflecting a balanced mix of family and individual living arrangements. The total number of housing units stands at 14,663, indicating a slight surplus of available homes relative to occupied households. This could signal opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

Financially, ZIP 48642 stands out with a median household income of $77,690, which suggests a relatively affluent community compared to many other regions. This income level supports a robust local economy, potentially benefiting small businesses and service providers. On the housing front, the median home value is $194,100, offering a reasonable entry point for buyers in a market that balances affordability with value. For renters, the median rent is $1,100 per month, which aligns with the income levels and provides a viable option for those not ready to purchase. These figures highlight a stable housing market with room for growth, appealing to both residents and investors.

Race & Ethnicity

The demographic makeup of ZIP 48642 is predominantly White, accounting for 87.6% of the population. Other groups include Black residents at 1.76%, Asian residents at 3.79%, and Hispanic or Latino individuals at 4.22%. This composition reflects a community with a strong majority but also a degree of diversity that can enrich the cultural fabric. For businesses, this mix suggests a primary customer base with specific needs, alongside niche opportunities to cater to smaller demographic segments.

Key Facts

• Total population: 33,770 residents in ZIP 48642 as of 2023.
• Total households: 13,969, indicating a solid residential foundation.
• Total housing units: 14,663, with some availability for new occupants.
• Median household income: $77,690, above the national average.
• Median home value: $194,100, offering a balanced market for buyers.
• Median rent: $1,100, reasonable for the income demographic.
• Racial composition: 87.6% White, 1.76% Black, 3.79% Asian, 4.22% Hispanic.

What This Means for You

For homebuyers, ZIP 48642 offers a promising market with median home values at $194,100, which could be within reach for many, especially given the strong median income of $77,690. The slight surplus of housing units suggests you might have negotiating power or options to choose from. Real estate investors and agents can find value in the area’s stability and income levels, which support consistent demand for both rentals (at $1,100 median rent) and purchases. The small gap between total housing units and households hints at potential for flipping or leasing vacant properties. Small-business owners should note the sizable population and above-average income, which indicate a customer base with disposable income for goods and services—particularly if tailored to the predominantly White demographic while exploring niche markets among diverse groups. Analysts can use these metrics to benchmark ZIP 48642 against neighboring areas, identifying trends in housing affordability or demographic shifts for deeper studies.

Run This Study Yourself

Want to dive deeper into ZIP 48642 or compare it with another area? Follow these steps to uncover detailed insights on your own:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to generate a comprehensive report tailored to your needs.
• Use the data to inform your decisions, whether you’re buying, investing, or planning a business venture.