ZIP code 48316: income, home prices and cost of living

The median household income in ZIP 48316 is $99,671, which is 53% above the Michigan median of $65,331 and 45% above the national figure. The typical home is valued at $351,800, and the median rent is $1,231/month. 79.2% of households own their home.

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

Median household income

$99,671

Michigan average
$65,33153%
National
$68,75045%

Median home value

$351,800

Michigan average
$171,500105%
National
$209,60068%

Median gross rent

$1,231

Michigan average
$91634%
National
$98425%

Median age

45.4 yrs

Michigan average
42.6 yrs7%
National
41.0 yrs11%

Homeownership rate

79.2%

Michigan average
83.0%5%
National
75.8%4%

Bachelor's degree or higher

24.4%

Michigan average
14.6%67%
National
15.9%53%

How ZIP 48316 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.

See today's rates for homes in your area

Homes in 48316 typically sell around $351,800. Compare what a vetted mortgage pro can actually offer you before you commit.

Talk to a mortgage pro

Nearby ZIP codes in Michigan

48315483174831448313483124831048322483094832348324

Or compare 48316 with 48315.

Run your own numbers

Cost of living calculatorBudget calculatorMortgage calculator

See every local figure on the Michigan money guide.

What people search about ZIP 48316

Searches for the cost of living in 48316, the median household income in 48316, average rent in 48316 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.

  • cost of living in 48316
  • median household income in 48316
  • home values in 48316
  • average rent in 48316
  • property tax in 48316
  • housing market in 48316

Methodology

Figures describe ZIP Code Tabulation Area 48316, 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.