ZIP Code 48347 — undefined, undefined Demographics & Data

ZIP code 48347 covers ZIP 48347 with a population of about 1,700.

At a glance, the area shows median age of 50.9 versus a U.S. median of about 38.9.

It sits in the DETROIT media market.

Median household income in ZIP 48347 is about $141,250 — about 88% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 0.9%; unemployment rate near 2.9%; 51.7% of adults with a bachelor’s degree or higher (about 18.0 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Professional services, and Education; about 19.8% of workers reporting work-from-home (about 4.6 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $459,600 — about 32% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $2,025 (about 74% above the U.S. median rent ($1,163)), and owner-occupancy near 77.9% (about 12.5 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 48347, a household would need roughly $127,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,952. That sits below the local median household income ($141,250), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.