Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in ZCTA5 48309, Michigan?
ZIP code · Census ACS 5-Year estimates
The median home value in ZCTA5 48309, Michigan (ZIP 48309) is $424,600 (±$6,913), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,686/month, and the median household income is $121,007/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 48309
| Metric | Value |
|---|---|
| Median Home Value | $424,600 |
| Median Gross Rent | $1,686 |
| Median Household Income | $121,007 |
| Total Housing Units | 11,278 |
| Renter-Occupied Units | 2,180 |
| Renter-Occupied Share | 19% |
How does ZIP 48309 compare?
Median home value ranked against all ZIP codes in Michigan.
Higher home value than 96% of ZIP codes in Michigan · 40th of 957
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 49636 | $741,900 |
| 2 | ZCTA5 49757 | $733,300 |
| 3 | ZCTA5 48301 | $708,300 |
| … 36 more … | ||
| 40 | ZCTA5 48309(you are here) | $424,600 |
| … 914 more … | ||
| 955 | ZCTA5 48504 | $53,500 |
| 956 | ZCTA5 49902 | $34,100 |
| 957 | ZCTA5 48505 | $31,700 |
More data for ZIP 48309
Frequently asked questions
What is the median home value in ZCTA5 48309, Michigan?
The median home value in ZCTA5 48309, Michigan (ZIP 48309) is $424,600, 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 48309, Michigan?
The median gross rent in ZCTA5 48309, Michigan (ZIP 48309) is $1,686/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in ZCTA5 48309, Michigan?
The median household income in ZCTA5 48309, Michigan is $121,007/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 $424,600 has a margin of error of ±$6,913. In very small areas, MOEs can be large relative to the estimate.
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