48201

2023 Data
Detroit, Michigan

48201 is an affordable, working-class neighborhood in Detroit with a competitive housing market.

Population

14,327

Income Rank

Top 27%

70%

$24K

Median Income

vs national

29%

$402K

Home Value

vs national

36%

$841

Monthly Rent

vs national

33.7 yrs

Median Age

Detroit 48201 vs National Average

Key metrics versus national medians

Median Income
$24,392-70%

National median: $80,610

Home Value
$401,500+29%

National median: $311,500

Monthly Rent
$841-36%

National median: $1,314

College Educated
37.3%+7%

National median: 34.8%

Income Distribution in Detroit 48201

Household income brackets in Detroit, MI

% of Households
Median Income Bracket

This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $24,392.

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Median Household Income in Detroit, MI (48201)

Average income and economic data for 48201

$24,392

Median Household Income

$35,456

Per Capita Income

11.9%

Unemployment Rate

Residents of 48201 earn a median household income of $24,392 per year. This is 70% below the national median of $80,610. The per capita income of $35,456 provides insight into individual earning power.

Cost of Living in Detroit 48201

Housing costs, home values, and rent prices in Detroit, MI

Home Buying

Median Home Value$401,500
20% Down Payment$80,300
Est. Monthly Mortgage$2,248

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$841
Annual Rent Cost$10,092
Rent-to-Income Ratio41%

Affordability Score

How affordable is it to live here?

0
out of 100
Somewhat Expensive

How is this calculated?

Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.

Above-average income required to maintain comfortable living standards.

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Age Distribution in Detroit (48201)

Population by age and gender in Detroit, MI

Male
Female
Median Age (33.7 yrs)

This population pyramid shows the distribution of residents by age group and gender. The median age in 48201 is 33.7 years, which is younger than the national median of 39 years.

Detroit Demographics & Population (48201)

Population breakdown, age distribution, and diversity in Detroit, MI

14,327

Total Population

33.7

Median Age

37%

College Educated

7,873

Households

48201 has a population of 14,327 residents in approximately 7,873 households. The median age of 33.7 years is younger than the national median of 39 years. About 37% of residents have completed higher education.

Detroit Diversity & Ethnicity (48201)

Racial and ethnic demographics in Detroit, MI

Black(61.3%)
White(26.2%)
Asian(6.7%)
Two or More(4.5%)
Other(1.2%)
Native American(0.1%)
Pacific Islander(0%)

Diversity Index

55

Diverse

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

3.6%

Note: Hispanic/Latino is an ethnicity, counted separately from race

Racial Composition

Black
61.3%
White
26.2%
Asian
6.7%
Two or More
4.5%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 55, this is a diverse community.

Education Levels in Detroit (48201)

Educational attainment and college graduation rates in Detroit, MI

College Educated (Bachelor's+)

37.2%

National average: 34.8%

High School or Higher

88.2%

National average: 88.6%

Education Breakdown

Less than HS
11.8%
HS Graduate
27%
Some College
18%
Associate's Degree
6%
Bachelor's Degree
20.3%
Graduate+
16.9%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 37.3% holding a bachelor's degree or higher, this area exceeds the national average.

What is Detroit 48201 Like?

Neighborhood profile and quality of life in Detroit, MI

Community profile generated from Census data analysis
Community Type

Economically Developing Area

Located in Detroit, the 48201 area is best described as a economically developing area.

This is an economically accessible area with below-average incomes.

The area attracts a mix of young professionals and established families.

Education levels match or exceed national norms.

Best Suited For

  • +Budget-conscious renters
  • +Community-minded residents
  • +Social workers

May Not Suit

  • -Those seeking upscale living
  • -Safety-prioritized families

Key Characteristics

  • •Economically accessible area
  • •Challenging rental affordability
  • •Opportunity for economic development

Typical Resident Profile

A typical 48201 resident is a adult in their mid-30s, renter facing affordability challenges, working in entry-level or part-time work with a college degree.

Lifestyle

Close-knit community with strong neighborhood bonds and resilience

Detroit 48201 FAQ

Frequently asked questions about Detroit, MI 48201

The median household income in 48201 (Detroit, MI) is $24,392, which is 70% below the national median of $80,610.

The median home value in 48201 is $401,500. A 20% down payment would be $80,300, with an estimated monthly mortgage of $2,248 at current rates.

The median monthly rent in 48201 is $841, totaling $10,092 annually. This represents 41% of the median household income.

48201 in Detroit, Michigan is an affordable, working-class neighborhood with a median age of 33.7 years. The area has diverse educational backgrounds.

The unemployment rate in 48201 is 11.9%, compared to the national rate of 4.8%. This means 88.1% of the labor force is employed.

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