Richmond, MI · standard
ZIP Code 48062
Macomb County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 9,373
- 92/sq mi Moderate-density area
- $82,045
- Median income Near-median income area
- $268,400
- Median home value Near-median home value
- 28.5%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Richmond pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 35%
- household income, US ZIPs
- Top 39%
- home value, US ZIPs
- 92
- people per sq mi
- 83%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48062 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 48062 (Richmond, MI) rose +8.0% from 2023 to 2024. The all-transactions index moved from 163.1 in 2023 to 176.1 in 2024 (2000 = 100).
ZIP code 48062 is a mid-sized community (a standard USPS delivery area) in Richmond, Macomb County, Michigan, home to 9,373 residents across 102.3 square miles, a density of 92 people per square mile, in the Detroit time zone.
ZIP 48062 lands in the middle-income range, with a median household income of $82,045 (12% above the average Michigan ZIP), while per-capita income is $40,530. Unemployment is 12.6%, an important qualifier alongside the household-income figure. Housing is both higher-cost and owner-heavy: median home value is $268,400 (22% above the average Michigan ZIP), while 82.5% of occupied homes are owner-occupied and median rent is $867.
Educational attainment sits below the national norm: 28.5% of adults hold a bachelor's degree or higher, the median age is 39.5, and the average commute is 28 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Macomb County, so 48062 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 48062
Top 5 sectors by establishment count in Richmond, MI
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$40,530
Per Capita Income
9.8%
Poverty Rate
12.6%
Unemployment Rate
28.1 min
Mean Commute Time
How ZIP 48062 ranks among Michigan ZIPs
Richmond, MI household income vs. every Michigan ZIP code
Median household income among 962 reporting Michigan ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$82,045 Top 27% higher than 73% of 962 Michigan ZIPs
Each bar is a $20K-wide band; taller bars hold more Michigan ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
3,691housing units
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 ZIP avg
$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 48062 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48062
Richmond (48062)
9,373 residents
- 48048
New Haven (48048)
7,548 residents
- 48005
Armada (48005)
5,379 residents
- 48023
Fair Haven (48023)
5,178 residents
- 48041
Memphis (48041)
4,561 residents
- 48064
Casco (48064)
4,107 residents
- 48063
Columbus (48063)
4,070 residents
- 48096 3,739
Ray (48096)
3,739 residents
- 48002 3,285
Allenton (48002)
3,285 residents
What this shows Among its immediate neighbors, ZIP 48062 ranks the most populous - useful context the national average alone can't give.
ZIP 48062 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48096
Ray (48096)
$117,917 median income
- 48005
Armada (48005)
$105,734 median income
- 48002
Allenton (48002)
$93,948 median income
- 48063
Columbus (48063)
$93,844 median income
- 48050
New Haven (48050)
$91,136 median income
- 48027
Goodells (48027)
$90,417 median income
- 48064
Casco (48064)
$87,538 median income
- 48062
Richmond (48062)
$82,045 median income
- 48041
Memphis (48041)
$75,677 median income
What this shows By household income, ZIP 48062 ranks #8 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48062, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (9,373 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Macomb County
Related Areas
Frequently Asked Questions
What county is ZIP code 48062 in?
ZIP code 48062 (Richmond) is located in Macomb County, Michigan. Macomb County contains multiple ZIP codes, see the full list at /counties/macomb-mi.
What is the population of ZIP code 48062?
ZIP code 48062 in Richmond, MI has a population of 9,373 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48062?
The median household income in ZIP 48062 is $82,045, which is 8% above the national average of $76,288.
What is the average home value in ZIP 48062?
The median home value in ZIP 48062 is $268,400, which is 4% below the national average of $278,155.
What is the demographic makeup of ZIP 48062?
The largest racial group in ZIP 48062 is White at 89.9%. Hispanic or Latino residents make up 3.5% of the population.
How many businesses are in ZIP code 48062?
ZIP code 48062 has 229 business establishments employing approximately 2,545 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48062?
The top industries by establishment count in ZIP 48062 are: Retail trade (38), Health care and social assistance (34), Other services (except public administration) (27). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 48062?
According to the FHFA House Price Index, home values in ZIP 48062 increased by 8.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 76%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 48062?
In ZIP code 48062, 57.0% of residents aged 25+ have a high school diploma or higher, and 28.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 48062?
The mean commute time for workers in ZIP code 48062 is 28.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48062?
In ZIP code 48062, approximately 82.5% of occupied housing units are owner-occupied and 17.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48062?
The poverty rate in ZIP code 48062 is 9.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 48062's numbers, next.
- See how ZIP 48062 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Richmond, MI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.