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ZIP Code 48240

Wayne, Michigan

ZCTA 48240

Juniper

ZIP Code 48240 is in the lowest 2% nationally for FEMA risk score. It also sits in the lowest 5% nationally for typical home value. And it sits in the lowest 21% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$150,395

Lower than 95% of U.S. ZIP codes
Home Price Growth, Past Five Years

54%

Near the U.S. ZIP codes median
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

12.3

Lower than 98% of U.S. ZIP codes

The boundary of ZIP Code 48240, in Wayne, Michigan.

The basics

Total Population

17,008

Median Age

38.6

Population Density

4,537.25

Home values & property tax

Median Property Tax

$2,219

Property Tax Rateyearly tax as a share of home value

1.6%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.24×

Lower than 79% of U.S. ZIP codes
Median Income

$60,390

Lower than 70% of U.S. ZIP codes
Median Rent

$1,399

Higher than 74% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

1.8%

Lower than 64% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

52%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

63%

Climate & weather

Summer Avg High (°F)

80.7

Winter Avg Low (°F)

17.7

Avg Temperature (°F)

47.6

Hot Days/yr (>90°F)

11.2

Freezing Days/yr (<32°F)

146.1

Annual Precipitation (in)

33

Annual Snowfall (in)

36

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 48240: frequently asked questions

What is the typical home value in ZIP Code 48240?
The estimated median home value in ZIP Code 48240 today is $150,395, lower than 95% of U.S. ZIP codes.
How much is property tax in ZIP Code 48240?
The median annual property tax in ZIP Code 48240 is $2,219, an effective rate of 1.6% of home value.
Is ZIP Code 48240 expensive to live in?
Homes in ZIP Code 48240 cost about 2.24× the median household income, lower than 79% of U.S. ZIP codes.
What is the average rent in ZIP Code 48240?
The median gross rent in ZIP Code 48240 is $1,399 a month, higher than 74% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 48240?
Home prices in ZIP Code 48240 have moved 54% over the past five years (1.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 48240?
ZIP Code 48240 has a population of 17,008, about 4,537.25 people per square mile, per the U.S. Census American Community Survey. The median age is 38.6.
What is the weather like in ZIP Code 48240?
ZIP Code 48240 averages 47.6°F year-round, summer highs near 80.7°F, winter lows around 17.7°F (NOAA 1991–2020 normals). It sees about 36 inches of snow a year.
Is ZIP Code 48240 at risk of flooding or natural disasters?
ZIP Code 48240's FEMA National Risk Index score is 12.3 (lower than 98% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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