ZIP code 48116: income, home prices and cost of living

The median household income in ZIP 48116 is $101,881, which is 56% above the Michigan median of $65,331 and 48% above the national figure. The typical home is valued at $331,300, and the median rent is $1,143/month. 85.4% of households own their home.

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

Median household income

$101,881

Michigan average
$65,33156%
National
$68,75048%

Median home value

$331,300

Michigan average
$171,50093%
National
$209,60058%

Median gross rent

$1,143

Michigan average
$91625%
National
$98416%

Median age

45.4 yrs

Michigan average
42.6 yrs7%
National
41.0 yrs11%

Homeownership rate

85.4%

Michigan average
83.0%3%
National
75.8%13%

Bachelor's degree or higher

32.9%

Michigan average
14.6%125%
National
15.9%107%

How ZIP 48116 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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Homes in 48116 typically sell around $331,300. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Michigan

48117481144811848120481114812248109481084812448125

Or compare 48116 with 48117.

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What people search about ZIP 48116

Searches for the cost of living in 48116, the median household income in 48116, average rent in 48116 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 48116, 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.