ZIP code 48462: income, home prices and cost of living

The median household income in ZIP 48462 is $99,950, which is 53% above the Michigan median of $65,331 and 45% above the national figure. The typical home is valued at $308,200, and the median rent is $912/month. 94.5% of households own their home.

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

Median household income

$99,950

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

Median home value

$308,200

Michigan average
$171,50080%
National
$209,60047%

Median gross rent

$912

Michigan average
$916
National
$9847%

Median age

45.8 yrs

Michigan average
42.6 yrs8%
National
41.0 yrs12%

Homeownership rate

94.5%

Michigan average
83.0%14%
National
75.8%25%

Bachelor's degree or higher

21.3%

Michigan average
14.6%46%
National
15.9%34%

How ZIP 48462 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 48462 typically sell around $308,200. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Michigan

48461484584845748455484714845148473484464844448442

Or compare 48462 with 48461.

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See every local figure on the Michigan money guide.

What people search about ZIP 48462

Searches for the cost of living in 48462, the median household income in 48462, average rent in 48462 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 48462, 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.