Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in ZCTA5 48005, Michigan?
ZIP code · Census ACS 5-Year estimates
The median home value in ZCTA5 48005, Michigan (ZIP 48005) is $331,100 (±$18,654), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,053/month, and the median household income is $105,734/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 48005
| Metric | Value |
|---|---|
| Median Home Value | $331,100 |
| Median Gross Rent | $1,053 |
| Median Household Income | $105,734 |
| Total Housing Units | 1,869 |
| Renter-Occupied Units | 128 |
| Renter-Occupied Share | 7% |
How does ZIP 48005 compare?
Median home value ranked against all ZIP codes in Michigan.
Higher home value than 87% of ZIP codes in Michigan · 126th of 957
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 49636 | $741,900 |
| 2 | ZCTA5 49757 | $733,300 |
| 3 | ZCTA5 48301 | $708,300 |
| … 122 more … | ||
| 126 | ZCTA5 48005(you are here) | $331,100 |
| … 828 more … | ||
| 955 | ZCTA5 48504 | $53,500 |
| 956 | ZCTA5 49902 | $34,100 |
| 957 | ZCTA5 48505 | $31,700 |
More data for ZIP 48005
Frequently asked questions
What is the median home value in ZCTA5 48005, Michigan?
The median home value in ZCTA5 48005, Michigan (ZIP 48005) is $331,100, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in ZCTA5 48005, Michigan?
The median gross rent in ZCTA5 48005, Michigan (ZIP 48005) is $1,053/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in ZCTA5 48005, Michigan?
The median household income in ZCTA5 48005, Michigan is $105,734/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $331,100 has a margin of error of ±$18,654. In very small areas, MOEs can be large relative to the estimate.
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