| ZIP Code | 48098 |
|---|---|
| City | Troy |
| State | Michigan (MI) |
| County | Oakland County |
| Area Code | 248 |
| Elevation | 806 ft |
| Latitude | 42.598433 |
|---|---|
| Longitude | -83.17845 |
| Timezone | Detroit (DST) |
| FIPS | 26125 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.0 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.78 |
| Below Poverty | 2.9% ▼ 71% below avg |
| College Grads | 81.2% ▲ 110% above avg |
| Unemployment | 3.6% ▼ 26% below avg |
| No HS Diploma | 43 (0.3%) |
| HS Graduate | 1,094 (8.2%) |
| Some College | 577 (4.4%) |
| Associates | 777 (5.9%) |
| Bachelors | 692 (5.2%) |
| Graduate Degree | 10,079 (76%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $165,781 ▲ 117% above avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $485,300 ▲ 74% above avg ↑ 21% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,720/mo ↑ 24% since 2019 |
| Total Units | 7,828 |
| Vacant Units | 421 |
| Avg HH Size | 2.78 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 7,828 |
|---|---|
| Vacant | 421 |
| Owner Occupied | 92.1% |
| Renter Occupied | 8.0% |
| Avg HH Size | 2.78 |
ZIP code 48098 is located in Troy, Michigan, within Oakland County. With a population of 20,658, this is a moderately populated ZIP code with a mature community — the median age is 46 years. Economically, 48098 is a affluent ZIP code: the median household income of $165,781 is more than double the national average.
Real estate in ZIP code 48098 represents a premium housing market. The median home value of $485,300 is significantly above the national average. Renters can expect to pay around $1,720 per month in median rent. Homeownership is strong here — 92.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 21% since 2019.
The population of 48098 is majority White (59.68%). Residents are highly educated — 81.2% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 2.9%. Household income has grown by 22% since 2019.
The unemployment rate in 48098 stands at 3.6%, which is below the national average. About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 48098 in Troy, MI is characterized as affluent, highly educated, a mature community, and predominantly owner-occupied. With 20,658 residents, a median household income of $165,781, and a median home value of $485,300, it offers a clear picture of life in this part of Michigan.