Relative Price in 48238
With a median income of $26,092 and an average price of $131.47 per month for a storage unit, renting storage for a year in 48238 Detroit would require 6% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 97th percentile, which can allow us to conclude that storage in the 48238 is relatively expensive for most of its residents. When it comes to other ZIP codes in Michigan, storage as a percent of median income is very expensive in comparison, ranking in at the 100th percentile.
Storage Coverage In 48238
There are 12,698 households in 48238 Detroit and approximately 1,632 storage units, meaning there are 0.12852 units per household. On a national scale, 48238 ranks in at the 72nd percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 48238 has a moderately high number of storage units per household compared to other ZIP codes in Michigan, ranking at the 55th percentile.
In terms of the number of people living in 48238, the ZIP code has a population of 45,341. With a total of 157,410 square feet of storage space in the ZIP, there are 3.47sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 63rd percentile. In terms of other ZIP codes in Michigan, 48238 ranks at the 44th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.