ZIP Code 48062
standardSource:
Richmond · Macomb County · Michigan
- Population
- 9,373
- Median income
- $82,045
- Median home value
- $268,400
- Bachelor's or higher
- 28.5%
- Land area
- 102.3 sq mi
92/sq mi
▲ 8% vs US
higher than 65% of US ZIPs
▼ 4% vs US
higher than 61% of US ZIPs
Median age 39.5
Detroit
ZIP code 48062 in Richmond, Michigan has a population of 9,373. The median household income is $82,045, which is 8% above the national average. Median home value is $268,400, 4% below the US average. 28.5% of residents hold a bachelor's degree or higher.
ZIP code 48062 is classified by USPS as a standard delivery area and covers roughly 102.3 square miles in Richmond, Macomb County, Michigan. The area is home to 9,373 residents, producing a population density of 92 people per square mile, and falls within the Detroit time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 48062 against Michigan and the nation.
On the economic side, the median household income for ZIP 48062 sits at $82,045 (12% above the Michigan average), while per-capita income is $40,530. The poverty rate stands at 9.8% and the unemployment rate at 12.6%. On housing, the median home value is $268,400 (22% above the state average) with median rent at $867 per month, and 82.5% of occupied units are owner-occupied, a direct signal of whether 48062 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 28.5% of adults hold a bachelor's degree or higher, the median age is 39.5, and the average commute is 28 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Macomb County, so you can benchmark 48062 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 48062
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 48062.
- Retail trade
Retail trade
38 establishments
- Health care and social assistance
Health care and social assistance
34 establishments
- Other services (except public administration)
Other services (except public administration)
27 establishments
- Accommodation and food services
Accommodation and food services
25 establishments
- Construction
Construction
24 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 48062, Richmond, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
9,373
Population
102.3
Area (sq mi)
92
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48062?
39.5
Median Age
44.2%
Male
55.8%
Female
5.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$82,045
Median Household Income
+12% vs state
$40,530
Per Capita Income
9.8%
Poverty Rate
12.6%
Unemployment Rate
28.1 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
3,691
Total Housing Units
3,596
Occupied Units
95
Vacant Units
2.55
Avg Household Size
Occupancy Type
$268,400
Median Home Value
+22% vs state
$867
Median Rent
1980
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+8.0%
YoY Change (2024)
176
HPI Index (2000 = 100)
+76%
Total Change Since 2000
Home values in ZIP 48062 have increased 8.0% over the past year (2024). Since 2000, this ZIP has seen +76% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.8% | 129 |
| 2021 | +10.7% | 142 |
| 2022 | +10.7% | 157 |
| 2023 | +3.6% | 163 |
| 2024 | +8.0% | 176 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 229 business establishments in ZIP 48062, employing approximately 2,545 people with a combined annual payroll of $113,615,000.
229
Businesses
2,545
Employees
$113.6M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 38 | 16.6% |
| Health care and social assistance | 34 | 14.8% |
| Other services (except public administration) | 27 | 11.8% |
| Accommodation and food services | 25 | 10.9% |
| Construction | 24 | 10.5% |
| Manufacturing | 16 | 7.0% |
| Finance and insurance | 13 | 5.7% |
| Professional, scientific, and technical services | 11 | 4.8% |
| Administrative and support and waste management and remediation services | 10 | 4.4% |
| Wholesale trade | 8 | 3.5% |
| Information | 5 | 2.2% |
| Real estate and rental and leasing | 4 | 1.8% |
| Management of companies and enterprises | 4 | 1.8% |
| Transportation and warehousing | 3 | 1.3% |
| Educational services | 3 | 1.3% |
| Arts, entertainment, and recreation | 3 | 1.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 48062 vs 48050 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48050 | New Haven, MI | 1,653 | 4.4 mi |
| 48041 | Memphis, MI | 4,561 | 6.2 mi |
| 48048 | New Haven, MI | 7,548 | 7.4 mi |
| 48005 | Armada, MI | 5,379 | 6.2 mi |
| 48063 | Columbus, MI | 4,070 | 6.3 mi |
| 48096 | Ray, MI | 3,739 | 8.6 mi |
| 48064 | Casco, MI | 4,107 | 8.6 mi |
| 48027 | Goodells, MI | 3,249 | 8.9 mi |
| 48002 | Allenton, MI | 3,285 | 8.9 mi |
| 48023 | Fair Haven, MI | 5,178 | 12.5 mi |
More ZIP Codes in Macomb County
Related Areas
Frequently Asked Questions
What county is ZIP code 48062 in? ▼
What is the population of ZIP code 48062? ▼
What is the median household income in ZIP 48062? ▼
What is the average home value in ZIP 48062? ▼
What is the demographic makeup of ZIP 48062? ▼
How many businesses are in ZIP code 48062? ▼
What are the main industries in ZIP code 48062? ▼
How have home values changed in ZIP code 48062? ▼
What is the education level in ZIP code 48062? ▼
What is the average commute time in ZIP 48062? ▼
What percentage of residents own vs. rent in ZIP 48062? ▼
What is the poverty rate in ZIP code 48062? ▼
ZIP Code Research Guides
Official Data Resources for Richmond, MI
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.