ZIP 48906 - 860Z200US48906 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48906 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in Michigan, this ZIP code offers a diverse community and a range of housing options. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes 48906 unique.

Population & Households

ZIP 48906 is home to a population of 25,960 residents as of 2023. This sizable community is spread across 11,201 households, indicating a mix of family and individual living arrangements. With 12,180 total housing units in the area, there’s a modest vacancy rate, suggesting a relatively stable housing market with opportunities for both buyers and renters. Whether you’re looking to settle down or invest, this population base offers a solid foundation for community engagement or customer reach.

Income & Housing Costs

The median household income in ZIP 48906 stands at $61,533, reflecting a moderate earning capacity that supports a comfortable yet affordable lifestyle for many residents. Housing costs align with this income level, with a median house value of $128,600—potentially attractive for first-time homebuyers or investors seeking entry-level properties. For renters, the median rent is $1,033 per month, offering a reasonable alternative to homeownership in this area. These figures suggest that 48906 strikes a balance between affordability and value, making it a practical choice for various budgets.

Race & Ethnicity

The demographic makeup of ZIP 48906 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 63.91% White, 14.71% Black, 2.1% Asian, and 11.56% Hispanic residents. This diversity not only enriches the cultural fabric of the area but also presents opportunities for businesses catering to varied customer needs or for families looking for a welcoming, multifaceted neighborhood. Understanding this mix can help you gauge the community dynamics and social environment of 48906.

Key Facts

• Total population: 25,960 residents in 2023, offering a substantial community base.
• Total households: 11,201, reflecting a mix of family and solo living setups.
• Total housing units: 12,180, with a small vacancy rate indicating market stability.
• Median household income: $61,533, supporting a moderate cost of living.
• Median house value: $128,600, an accessible entry point for buyers.
• Median rent: $1,033, providing affordable rental options.
• Racial diversity: Predominantly White (63.91%), with significant Black (14.71%) and Hispanic (11.56%) populations.

What This Means for You

For homebuyers, ZIP 48906 offers an affordable entry into homeownership with a median house value of $128,600, well-suited for first-time buyers or those looking to downsize. The moderate median income suggests a stable community where neighbors likely share similar financial priorities. For investors and real estate agents, the combination of reasonable home prices and a median rent of $1,033 points to potential for rental income or property appreciation in a market with steady demand. The slight surplus of housing units over households also hints at opportunities to flip or rent out properties.

For small-business owners, the diverse population of 25,960 and the cultural mix in 48906 create a broad customer base. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to the needs of White, Black, Hispanic, and Asian residents can help you build a loyal clientele. Finally, for analysts, these metrics provide a baseline to track trends in housing affordability, demographic shifts, or economic growth in this Michigan ZIP code over time.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 48906? 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 venture.