ZIP 48220 — Business Opportunities

Top business opportunities in 48220

The highest-scored business categories to consider opening in Ferndale, MI, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Laundromats 100/100
   ~2.3 businesses underserved · confidence: high
2. 2. Jewelry & Accessories 78/100
   ~1.8 businesses underserved · confidence: high
3. 3. Electronics 70/100
   ~1.4 businesses underserved · confidence: high
4. 4. Electronics Repair 65/100
   ~1.1 businesses underserved · confidence: low
5. 5. Furniture & Home Decor 64/100
   ~1.7 businesses underserved · confidence: high
6. 6. Grocery 53/100
   ~1.0 businesses underserved · confidence: low
7. 7. Marina 53/100
   ~5.6 businesses underserved · confidence: high
8. 8. Nature Reserve 53/100
   ~4.8 businesses underserved · confidence: high
9. 9. Shelter 53/100
   ~2.4 businesses underserved · confidence: high
10. 10. Social Centre 53/100
    ~2.3 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 48220.

• Restaurants — 43 businesses
• Fast Food — 25 businesses
• Bars & Nightlife — 20 businesses
• Hair Salons — 17 businesses
• Parking — 15 businesses
• Beauty & Nail Salons — 13 businesses
• Cafes & Coffee Shops — 12 businesses
• Clothing & Apparel — 12 businesses
• Park — 11 businesses
• Convenience Stores — 11 businesses
• Religious — 10 businesses
• Gas Stations — 9 businesses
• Banking & Finance — 9 businesses
• Fitness Centre — 8 businesses
• Auto Repair — 7 businesses

Full demographic profile

Population	21,664
Households	11,300
Median household income	$80,695
Per capita income	$51,140
Median age	35.6
% bachelor's degree or higher	49.773%
% age 18–34	34.601%
% age 65+	9.01%
% renter-occupied	34.984%
Median home value	$214,500
Median gross rent	$1,173
Unemployment rate	5.455%

Nearby ZIPs in MI

48217 Detroit · 48216 Detroit · 48215 Detroit · 48214 Detroit · 48213 Detroit · 48212 Hamtramck