48348 Community Information

48348 Homes for Sale

48348 Community Information

Population

23,945

Median Age

36.7

Median Household Income

$100,415

Households with Children

49.75%

Median Travel Time to Work

32 minutes

48348 Real Estate Market Information

Homes Owned

92.24%

Homes Rented

4.72%

Homes Vacant

3.04%

48348 Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

1:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See apartments for rent

Powered by Apartments.com & HomeFinder.com

48348 School Information

Elementary Schools

Primary Schools

Middle Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 23,945
  • Total Male Population 12,108
  • Total Female Population 11,837
  • Population change since 2000 12.13%
  • Median age 36.7
  • Percent of households with children 49.75%
  • Personal Crime risk 56

Transportation

  • Median travel time to work 32 minutes
  • Percent using Public transportation 0.16%
  • Percent Driving/Using Carpool 94.25
  • Percent Using Other transportation 0.66%
  • Percent Working From Home 4.93%

Education Levels

  • Some high school 5.31%
  • High school graduate 22.04%
  • Some college 22.87%
  • Associate degree 10.03%
  • Bachelor's degree 25.83%
  • Graduate degree 13.91%

Occupation

  • Agriculture, forestry, and fishing 0.09%
  • Construction 6.58%
  • Manufacturing 24.15%
  • Wholesale Trade 2.75%
  • Retail Trade 9.66%
  • Finance, insurance and real estate 6.08%
  • Services 3.84%
  • Public administration 3.01%
  • Information 2.37%
  • Professional 12.52%
  • Education 20.11%
  • Arts 7.03%

Income

  • Average household income $122,029
  • Income change since 2000 18.48%

Climate

  • Avg. January high/low temp 29.57 / 15.51
  • Avg. July high/low temp 82.29 / 60.22
  • Annual precipitation 31.55
© 2013 HomeFinder.com, LLC Equal Housing Opportunity