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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −11.1% YoY. inventory, −80.0% YoY, is the number to watch.
The median listing price is down 11.1% YoY while the median home got down 6.6% bigger, so value per square foot is down 16.5%.
U.S. Census ACS characteristics for ZIP 48120 itself, not its parent county.
Renters hold 60.3% of this ZIP's 2,673 occupied households, on a median household income of $66K.
| Measure | ZIP 48120 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $66K | $61K | +$5K |
| Below Poverty Level | 34.8% | 20.8% | +14.0% |
| Median Age | 32.00 | 37.90 | -5.90 |
| Total Population | 8,323 | 1,772,259 | -- |
| Avg Household Size | 3.06 | 2.50 | +0.56 |
| Owner-Occupied | 39.7% | 64.8% | -25.1% |
| Worked From Home | 21.8% | 14.1% | +7.7% |
| Mean Commute | 24.40 | 24.70 | -0.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 1,772,259: residents under 18 are down 0.6% and those 65 and over are up 2.5%.
County median household income is $61K, 20.8% of residents are below the poverty level, 14.1% work from home.