dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −7.2% YoY. inventory, +1.9% YoY, is the number to watch.
The median listing price is down 7.2% YoY while the median home got down 1.5% bigger, so value per square foot is down 5.5%.
U.S. Census ACS characteristics for ZIP 48240 itself, not its parent county.
Renters hold 24.2% of this ZIP's 6,679 occupied households, on a median household income of $60K.
| Measure | ZIP 48240 | Wayne County | Difference |
|---|---|---|---|
| Median Household Income | $60K | $61K | -$149 |
| Below Poverty Level | 12.2% | 20.8% | -8.6% |
| Median Age | 38.60 | 37.90 | +0.70 |
| Total Population | 17,008 | 1,772,259 | -- |
| Avg Household Size | 2.52 | 2.50 | +0.02 |
| Owner-Occupied | 75.8% | 64.8% | +11.0% |
| Worked From Home | 10.1% | 14.1% | -4.0% |
| Mean Commute | 22.80 | 24.70 | -1.90 |
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.