ZIP Code 48240

standard

Source:

Redford · Wayne County · Michigan

Population
17,722

1,828/sq mi

Median income
$60,390

▼ 21% vs US

higher than 30% of US ZIPs

Median home value
$135,300

▼ 51% vs US

higher than 21% of US ZIPs

Bachelor's or higher
21.6%

Median age 38.6

Land area
9.7 sq mi

Detroit

ZIP code 48240 in Redford, Michigan has a population of 17,722. The median household income is $60,390, which is 21% below the national average. Median home value is $135,300, 51% below the US average. 21.6% of residents hold a bachelor's degree or higher.

ZIP code 48240 is classified by USPS as a standard delivery area and covers roughly 9.7 square miles in Redford, Wayne County, Michigan. The area is home to 17,722 residents, producing a population density of 1,828 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 48240 against Michigan and the nation.

On the economic side, the median household income for ZIP 48240 sits at $60,390 (18% below the Michigan average), while per-capita income is $29,667. The poverty rate stands at 12.2% and the unemployment rate at 8.5%. On housing, the median home value is $135,300 (38% below the state average) with median rent at $1,399 per month, and 75.8% of occupied units are owner-occupied, a direct signal of whether 48240 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 21.6% of adults hold a bachelor's degree or higher, the median age is 38.6, and the average commute is 23 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Wayne County, so you can benchmark 48240 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 48240

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 48240.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 48240, Redford, 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

17,722

Population

9.7

Area (sq mi)

1,828

People / sq mi

Detroit

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 48240?

38.6

Median Age

47.9%

Male

52.1%

Female

4.1%

Foreign-Born

White 45.7%
African American 41.1%
Asian 1.0%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 9.7%
Hispanic or Latino 5.2%

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?

$60,390

Median Household Income

-18% vs state

$29,667

Per Capita Income

12.2%

Poverty Rate

8.5%

Unemployment Rate

22.8 min

Mean Commute Time

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 55.9%
Bachelor's Degree or Higher 21.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

7,128

Total Housing Units

6,679

Occupied Units

449

Vacant Units

2.52

Avg Household Size

Occupancy Type

Owner 75.8%
Renter 24.2%

$135,300

Median Home Value

-38% vs state

$1,399

Median Rent

1955

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+8.1%

YoY Change (2024)

159

HPI Index (2000 = 100)

+59%

Total Change Since 2000

Home values in ZIP 48240 have increased 8.1% over the past year (2024). Since 2000, this ZIP has seen +59% cumulative appreciation.

Year Annual Change HPI Index
2020 +7.7% 101
2021 +15.1% 116
2022 +17.8% 137
2023 +7.2% 147
2024 +8.1% 159

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 245 business establishments in ZIP 48240, employing approximately 3,163 people with a combined annual payroll of $218,336,000.

245

Businesses

3,163

Employees

$218.3M

Annual Payroll

12

Industry Sectors

Industry Establishments % of Total
Retail trade 51 20.8%
Health care and social assistance 43 17.6%
Other services (except public administration) 35 14.3%
Construction 21 8.6%
Accommodation and food services 20 8.2%
Professional, scientific, and technical services 16 6.5%
Administrative and support and waste management and remediation services 13 5.3%
Wholesale trade 11 4.5%
Manufacturing 9 3.7%
Information 6 2.5%
Finance and insurance 6 2.5%
Real estate and rental and leasing 6 2.5%

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 48240 vs 48219 →

ZIP Code City Population Distance
48219 Detroit, MI 46,931 2.5 mi
48033 Southfield, MI 16,064 2.8 mi
48239 Redford, MI 35,524 3.5 mi
48152 Livonia, MI 31,173 3.7 mi
48034 Southfield, MI 12,590 5.0 mi
48336 Farmington, MI 25,486 3.6 mi
48223 Detroit, MI 25,336 3.5 mi
48154 Livonia, MI 38,642 4.1 mi
48127 Dearborn Heights, MI 36,501 6.1 mi
48075 Southfield, MI 21,790 4.5 mi

More ZIP Codes in Wayne County

Frequently Asked Questions

What county is ZIP code 48240 in?
ZIP code 48240 (Redford) is located in Wayne County, Michigan. Wayne County contains multiple ZIP codes, see the full list at /counties/wayne-mi.
What is the population of ZIP code 48240?
ZIP code 48240 in Redford, MI has a population of 17,722 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48240?
The median household income in ZIP 48240 is $60,390, which is 21% below the national average of $76,288.
What is the average home value in ZIP 48240?
The median home value in ZIP 48240 is $135,300, which is 51% below the national average of $278,155.
What is the demographic makeup of ZIP 48240?
The largest racial group in ZIP 48240 is White at 45.7%. Hispanic or Latino residents make up 5.2% of the population.
How many businesses are in ZIP code 48240?
ZIP code 48240 has 245 business establishments employing approximately 3,163 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48240?
The top industries by establishment count in ZIP 48240 are: Retail trade (51), Health care and social assistance (43), Other services (except public administration) (35). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 48240?
According to the FHFA House Price Index, home values in ZIP 48240 increased by 8.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 59%. 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 48240?
In ZIP code 48240, 55.9% of residents aged 25+ have a high school diploma or higher, and 21.6% 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 48240?
The mean commute time for workers in ZIP code 48240 is 22.8 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48240?
In ZIP code 48240, approximately 75.8% of occupied housing units are owner-occupied and 24.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48240?
The poverty rate in ZIP code 48240 is 12.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Redford, 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.