48450 Zip Code

April 24, 2024

Zip Code:	48450
City/Town:	Lexington
State:	Michigan

Population:	4,780
Per Capita Income:	$26,391
Mean Household Income:	$60,396

Total Housing Units:	2,212
Median Home Value:	$105,000
Median Year Homes Built:	1963

Land Area:	22.2 sq miles 57.6 sq kilometers
Water Area:	2.3 sq miles 6.1 sq kilometers

Population Information (48450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

4,780

Male:

2,284

47.8%

49.2%

Female:

2,496

52.2%

50.8%

Median Age:

50.9 yrs

37.2 yrs

Under 5 years:

190

4.0%

6.5%

5 to 9 years:

243

5.4%

6.6%

10 to 19 years:

521

10.9%

13.8%

20 to 29 years:

347

7.3%

13.8%

30 to 39 years:

395

8.3%

13.0%

40 to 49 years:

634

13.3%

14.2%

50 to 59 years:

833

17.4%

13.6%

60 to 69 years:

742

15.5%

9.4%

70 to 79 years:

549

11.5%

5.4%

80 years and over:

326

6.8%

3.7%

Housing Information (48450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$105,000

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$920 / yr.

$1,334 / yr.

Median rent:

$449 / mo.

$519 / mo.

Total households:

2,212

Family households:

1,383

62.5%

66.4%

Nonfamily households:

829

37.5%

33.6%

Households with individuals under 18 years:

477

21.6%

33.4%

Households with individuals 65 years and over:

900

40.7%

24.9%

Average household size:

2.2

Average family size:

2.7

Total housing units:

4,194

Occupied housing units:

2,212

52.7%

88.6%

Vacant housing units:

1,982

47.3%

11.4%

For rent:

1.3%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.9%

1.4%

Sold, not occupied:

0.7%

0.3%

For seasonal, recreational, or occasional use:

1,722

41.1%

3.5%

All other vacants:

2.2%

2.8%

Homeowner vacancy rate:

4.1%

2.4%

Rental vacancy rate:

12.1%

9.2%

Owner-occupied housing units:

1,832

Population in owner-occupied housing units:

3,918

Average household size of owner-occupied units:

2.1

2.65

Renter-occupied housing units:

380

Population in renter-occupied housing units:

843

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (48450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

3,620

Less than 9th grade:

2.5%

6.2%

9th to 12th grade, no diploma:

613

16.9%

8.7%

High school graduate (includes equivalency):

1,259

34.8%

29.0%

Some college, no degree:

919

25.4%

20.6%

Associate degree:

281

7.8%

7.5%

Bachelor's degree:

312

8.6%

17.6%

Graduate or professional degree:

146

4.0%

10.3%

Percent high school graduate or higher:

80.6%

85.0%

Percent bachelor's degree or higher:

12.7%

27.9%

Income Information (48450 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

1,850

38.7%

50.4%

Median income:

$28,819 / yr.

$27,932 / yr.

Full-time, year-round workers:

876

18.3%

59.7%

Median income:

$38,297 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,724

36.1%

49.6%

Median income:

$14,901 / yr.

$16,327 / yr.

Full-time, year-round workers:

554

11.6%

40.3%

Median income:

$25,943 / yr.

$28,135 / yr.

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