| ZIP Code | 48240 |
|---|---|
| City | Redford |
| State | Michigan (MI) |
| County | Wayne County |
| Area Code | 248/313/586/734 |
| Elevation | 632 ft |
| Latitude | 42.424483 |
|---|---|
| Longitude | -83.301271 |
| Timezone | Detroit (DST) |
| FIPS | 26163 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.5 yrs ↓ 8% since 2019 |
|---|---|
| Avg Household Size | 2.46 |
| Below Poverty | 11.2% ▲ 12% above avg |
| College Grads | 34.9% ▼ 10% below avg |
| Unemployment | 8.7% ▲ 78% above avg |
| No HS Diploma | 121 (1.1%) |
| HS Graduate | 3,544 (32.2%) |
| Some College | 1,519 (13.8%) |
| Associates | 1,970 (17.9%) |
| Bachelors | 1,220 (11.1%) |
| Graduate Degree | 2,616 (23.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,970 ▼ 24% below avg ↑ 5% since 2019 |
|---|---|
| Median Home Value | $120,700 ▼ 57% below avg ↑ 49% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $1,326/mo ↑ 12% since 2019 |
| Total Units | 7,328 |
| Vacant Units | 469 |
| Avg HH Size | 2.46 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 7,328 |
|---|---|
| Vacant | 469 |
| Owner Occupied | 74.2% |
| Renter Occupied | 25.8% |
| Avg HH Size | 2.46 |
ZIP code 48240 is located in Redford, Michigan, within Wayne County. With a population of 17,097, this is a moderately populated ZIP code with a relatively young community — the median age is 37.5 years. Economically, 48240 is a solidly middle-class ZIP code: the median household income of $57,970 is below the national average.
Real estate in ZIP code 48240 represents one of the more affordable housing markets in the country. The median home value of $120,700 is well below the national average. Renters can expect to pay around $1,326 per month in median rent. Homeownership is strong here — 74.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 49% since 2019.
The population of 48240 is racially diverse, with White as the largest group at 44.8%. Residents are moderately educated — 34.9% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 11.2%. Household income has grown by 5% since 2019.
The unemployment rate in 48240 stands at 8.7%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 48240 in Redford, MI is characterized as solidly middle-class, moderately educated, a relatively young community, and predominantly owner-occupied. With 17,097 residents, a median household income of $57,970, and a median home value of $120,700, it offers a clear picture of life in this part of Michigan.