ZIP code 48005: income, home prices and cost of living

The median household income in ZIP 48005 is $106,190, which is 63% above the Michigan median of $65,331 and 54% above the national figure. The typical home is valued at $289,500, and the median rent is $988/month. 90.9% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$106,190

Michigan average
$65,33163%
National
$68,75054%

Median home value

$289,500

Michigan average
$171,50069%
National
$209,60038%

Median gross rent

$988

Michigan average
$9168%
National
$984

Median age

44.6 yrs

Michigan average
42.6 yrs5%
National
41.0 yrs9%

Homeownership rate

90.9%

Michigan average
83.0%10%
National
75.8%20%

Bachelor's degree or higher

21.7%

Michigan average
14.6%49%
National
15.9%36%

How ZIP 48005 compares with Michigan and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Michigan

48003480014800948015480174802148025480264803048033

Or compare 48005 with 48003.

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What people search about ZIP 48005

Searches for the cost of living in 48005, the median household income in 48005, average rent in 48005 and home values in this part of Michigan all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 48005, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.