Zip Code
48118
City
Chelsea, MI
Population & Migration
What is the forecasted population for Zip code 48118 Chelsea, MI?
- Population census 2020
- 12,714
- Forecasted population 2025
- 13,354
- 5% vs. 2020
- Forecasted population 2030
- 13,222
- 4% vs. 2020
Zip code 48118 Chelsea, MI population is forecasted to grow 5% by 2025 (0.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 13,354 people for 2025 zip code 48118 Chelsea, MI will generate a good demand for housing, which is expected to have a deficit of 225 houses for 2030. Vacancy rate is 5.8 points below national US average.
- Total homes available 2020
- 5,653
- Estimated total home demand in 2030
- 5,878
- Total homes balance inventory
- 225
Average Household Income in zip code 48118 Chelsea, MI
from Internal Revenue Service
- Average household income in 2021
- $118,750
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 48118 Chelsea, MI?
County total number of drinking water violations
524
+115%
244
County total number of drinking water contaminations
36
+50%
24
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