ZIP Code 48240 Demographics

Wayne County, Michigan  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 48240 compared to county averages.

Total Population

16,914

↓ 99.1% vs county

Median HH Income

$60,185

↑ +5.2% vs county

Median Home Value

$110,700

↓ 30.2% vs county

Median Age

38.4 yrs

↓ +1.9% vs county

Unemployment Rate

9.1%

↓ +1.9% vs county

Income & Housing Comparison

How ZIP 48240 compares to Wayne County and Michigan overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 48240 $60k Wayne $57k Michigan $69k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 48240 $111k Wayne $159k Michigan $201k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

16.2%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

73.6%

of occupied housing units are owner-occupied

Median Gross Rent

$1,299

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 48240 using local Census metrics.

Median Home Value$110,700
Down Payment (20%)$22,140
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$703P&I: $560 | Tax: $111 | Ins: $32
Rent (Local Median)
$1,299
Buying is CheaperBuying a home is estimated to save you $596/month compared to local rents.

How Does 48240 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 48240 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 48240, sorted by distance.

48219 2.5 mi away wayne county 48033 2.8 mi away oakland county 48239 3.5 mi away wayne county 48223 3.5 mi away wayne county 48075 4.5 mi away oakland county 48034 5.0 mi away oakland county 48235 5.4 mi away wayne county 48227 6.1 mi away wayne county

About Wayne County

Wayne County is located in Michigan and has a total population of 1,781,641. The county's median household income is $57,223 and median home value is $158,600. ZIP code 48240 is one of many ZCTAs within this county.

View all ZIP codes in Wayne County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.