ZIP Code 48640: Population, Income, Housing

State: MI
Total population: 32,492 Household income: $80,574 Rent: $954

Overview

Total population
32,492
Rent
$954
Year built
1973
Household income
$80,574
Per capita income
$44,720
Poverty rate
12.2%
Unemployment rate
N/A
Household size
2.3 persons
Rent over 30% of income
43%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Michigan
County
Midland County
City
Midland
Total population
32,492
Adults over 25
22,877
Total households
13,722
Household size
2.3 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$80,574
Per capita income
$44,720
Poverty rate
12.2%
Unemployment rate
N/A
Rent over 30% of income
43%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$954
Year built
1973
Households that rent
25%
Households that own
75%
Rooms per home (all homes)
6.1

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
89.9%
Black
1.1%
Asian
1.8%
Two or more races
5.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
3.9%
Not Hispanic or Latino
96.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
13,318 (86.9%)
Commute time to work
24 mins
Work from home
2,000 (13.1%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
23.6%
High school graduate or GED
25.3%
Some college or associate degree
11.7%
Bachelor’s degree or higher
39.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 48640 with: Midland County, MI Michigan United States

ZIP 48640

Total population32,492
Rent$954
Year built1973
Household income$80,574
Per capita income$44,720
Poverty rate12.2%
Unemployment rateN/A

Midland County, MI

Total population83,757
Rent$1,016
Year built1975
Household income$77,705
Per capita income$43,622
Poverty rate10.7%
Unemployment rate4.8%

Michigan State

Total population10,077,761
Rent$1,129
Year built1972
Household income$72,875
Per capita income$40,735
Poverty rate13.2%
Unemployment rate4.7%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP48640 CountyMidland, MIStateMichiganCountryUnited States
Total population32,49283,75710,077,761334,922,499
Rent$954$1,016$1,129$1,413
Year built1973197519721980
Household income$80,574$77,705$72,875$80,734
Per capita income$44,720$43,622$40,735$44,673
Poverty rate12.2%10.7%13.2%12.5%
Unemployment rateN/A4.8%4.7%4%

View the full multi-level comparison →

 

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Summary for 48640

Rent & Income

In 48640, the typical monthly rent is $954 and the typical household income is $80,574. Rent here is lower than Michigan, and household income is higher than Michigan. The estimated poverty rate is 12.2%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 25% of households. About 43% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 39.4% of adults holding a bachelor’s degree or higher.

 

ZIP 48640 — Rent vs Household Income

 

 

ZIP 48640 — Poverty

 

 

How ZIP 48640 compares in Michigan (88 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $954 6 / 88 from lower rent $856 – $2,049
Household income $80,574 34 / 88 from higher income $30,680 – $131,558
Poverty rate 12.2% 43 / 88 from lower poverty 3.2% – 41.8%

Rankings are calculated among ZIP Codes in Michigan with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 48640

Rent

When it comes to rent, ZIP Code 48640 ranks 6th out of 88 ZIP Codes in Michigan. Statewide, values range from $856 in ZIP 48601 up to $2,049 in ZIP 48322.

Household income

Income-wise, this area is placed 34th out of 88 ZIP Codes. Across Michigan, figures vary from $30,680 in ZIP 48228 up to $131,558 in ZIP 48178.

Poverty rate

When it comes to poverty, ZIP Code 48640 places 43rd out of 88 ZIP Codes. Throughout Michigan, numbers span from 3.2% in ZIP 48042 up to 41.8% in ZIP 48228.

 

💰 Rent in ZIP Code 48640 (with Utilities)

Estimated Monthly Rent: $954 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 48640

Annual Household Income: $80,574

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 48640

Estimated Rate: 12.2%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 48640

In ZIP Code 48640, households that rent: 3,425 (25%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 3,425 25%
Owner-Occupied 10,297 75%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 48640

In ZIP Code 48640, cost-burdened renters (households spending over 30% of income on housing): 1,474 (43%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,474 43%
Other renter households 1,951 57%
Total renter households 3,425 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 48640

Less than High School: 5,390 people (23.6%)

Includes adults who did not complete high school.

High School Graduate or GED: 5,791 people (25.3%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,685 people (11.7%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 9,011 people (39.4%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 22,877

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.