ZIP Code 48240
standardSource:
Redford · Wayne County · Michigan
- Population
- 17,722
- Median income
- $60,390
- Median home value
- $135,300
- Bachelor's or higher
- 21.6%
- Land area
- 9.7 sq mi
1,828/sq mi
▼ 21% vs US
higher than 30% of US ZIPs
▼ 51% vs US
higher than 21% of US ZIPs
Median age 38.6
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.
- Retail trade
Retail trade
51 establishments
- Health care and social assistance
Health care and social assistance
43 establishments
- Other services (except public administration)
Other services (except public administration)
35 establishments
- Construction
Construction
21 establishments
- Accommodation and food services 20
Accommodation and food services
20 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 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
Who lives in ZIP 48240?
38.6
Median Age
47.9%
Male
52.1%
Female
4.1%
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?
$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?
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
$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 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
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Frequently Asked Questions
What county is ZIP code 48240 in? ▼
What is the population of ZIP code 48240? ▼
What is the median household income in ZIP 48240? ▼
What is the average home value in ZIP 48240? ▼
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How many businesses are in ZIP code 48240? ▼
What are the main industries in ZIP code 48240? ▼
How have home values changed in ZIP code 48240? ▼
What is the education level in ZIP code 48240? ▼
What is the average commute time in ZIP 48240? ▼
What percentage of residents own vs. rent in ZIP 48240? ▼
What is the poverty rate in ZIP code 48240? ▼
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.
Read our methodology , how this data is sourced, computed, and verified.