PlainZIP

Redford, MI · standard

ZIP Code 48240

Wayne County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

17,722
1,828/sq mi
$60,390
Median income
$135,300
Median home value
21.6%
Bachelor's or higher

The verdict

Redford pairs a below-median household income with among the most affordable home values nationally, in a low-density, homeowner-dominated area.

30th pct
household income, US ZIPs
21th pct
home value, US ZIPs
1,828
people per sq mi
76%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48240 against every reporting US ZIP.

ZIP code 48240 is a mid-sized community (a standard USPS delivery area) in Redford, Wayne County, Michigan, home to 17,722 residents across 9.7 square miles, a density of 1,828 people per square mile, in the Detroit time zone.

ZIP 48240 reports a modest median household income of $60,390 (18% below the Michigan average), while per-capita income is $29,667. Poverty here runs at 12.2%, with unemployment measured 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.

Educational attainment sits below the national norm: 21.6% of adults hold a bachelor's degree or higher, the median age is 38.6, and the average commute is 23 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 48240, plus 6 more within Wayne County, give a clearer read than the national average alone.

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 48240

Top 5 sectors by establishment count in Redford, MI

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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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

How ZIP 48240 ranks nationally

Redford, MI household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$60,390 30th percentile higher than 30% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

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)

How have home values changed over time?

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 48240 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 48240 ranks #9 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 48240 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 48240 ranks #9 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

48180 standard
Taylor, MI
Pop: 63,131
48228 standard
Detroit, MI
Pop: 52,130
48187 standard
Canton, MI
Pop: 49,148
48185 standard
Westland, MI
Pop: 47,618
48126 standard
Dearborn, MI
Pop: 47,465
48219 standard
Detroit, MI
Pop: 46,931

Related Areas

Wayne County Redford, MI Michigan

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.

Read our methodology to see how this data is sourced, computed, and verified.