48616 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Saginaw County
Centroid: Latitude 43.191, Longitude -84.118
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 48616 has segments in 2 Counties (Saginaw, Shiawassee).

Businesses Addresses: 214
PO Box Addresses: 68
Residential Addresses: 3,101

Multi-Family Addresses: 108
Single Family Addresses: 2,993

Foreclosures in MI 48616

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Chesaning, MI 48616 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	7,514 (100%)
Population in Households	7,388 (98.3%)
Population in Families	6,125 (81.5%)
Population in Group Quarters¹	126 ( 1.7%)
Population Density	91
Diversity Index²	22


INCOME
Median Household Income	$56,492
Average Household Income	$78,594
% of Income for Mortgage⁴	14%
Per Capita Income	$31,921
Wealth Index⁵	70

HOUSING
Total HU (Housing Units)	3,269 (100%)
Owner Occupied HU	2,515 (76.9%)
Renter Occupied HU	541 (16.5%)
Vacant Housing Units	213 ( 6.5%)
Median Home Value	$154,754
Average Home Value	$189,294
Housing Affordability Index³	164

HOUSEHOLDS
Total Households	3,056
Average Household Size	2.42
Family Households	2,132
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Chesaning, MI 48616 - Peer Comparisons by Rank and Percentile

The table below compares 48616 to the other 977 ZIP Codes in Michigan by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.64%	-0.35%
Households	-0.33%	-0.06%
Families		-0.11%
Median Household Income		5.23%
Per Capita Income		4.92%
Owner Occupied HU		0.06%

Variable Description	Rank	Percentile
Total Population	# 383	61st
Population Density	# 530	46th
Median Household Income	# 545	44th
Housing Affordability Index	# 522	53rd
Per Capita Income	# 538	45th
Diversity Index	# 509	48th

48616 ZIP Code Profile, Map, Data & Demographics

ZIP Code 48616: Basic Data & USPS Preferred City Name

Chesaning, MI 48616 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Chesaning, MI 48616 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 48616

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