The affordable housing inventory in zip code 48423 offers a diverse range of unit types. It includes 38 efficiencies, 153 one-bedroom units, 66 two-bedroom units, and 127 three-bedroom units. This variety accommodates different household sizes and needs within the low-income population.

Over the past decade, the population of zip code 48423 has remained relatively stable, with a slight increase from 32,373 in 2020 to 34,328 in 2022. The median income has shown an overall upward trend, rising from $58,085 in 2017 to $62,754 in 2022, with a peak of $72,496 in 2021. This increase in median income may indicate a changing economic landscape in the area.

Racial demographics in zip code 48423 have remained consistent, with the white population consistently representing about 90% of the total. There has been a slight increase in diversity, with small increases in the Hispanic population (from 3% to 4%) and those identifying as two or more races (from 1% to 3%) between 2013 and 2022.

Zip code 48423 has an established LIHTC funded affordable housing inventory, covering nearly 3% of its estimated housing stock. The area experienced significant affordable housing development in the 1990s, with a diverse range of unit types available. While the population has remained stable, there has been a notable increase in median income over the past decade, potentially affecting the demand for affordable housing. The racial demographics have shown slight shifts towards increased diversity, which may influence future affordable housing needs and development in the area.