| ZIP Code | 48374 |
|---|---|
| City | Novi |
| State | Michigan (MI) |
| County | Oakland County |
| Area Code | 248 |
| Elevation | 965 ft |
| Latitude | 42.473843 |
|---|---|
| Longitude | -83.519976 |
| Timezone | Detroit (DST) |
| FIPS | 26125 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.2 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 3.19 |
| Below Poverty | 3.4% ▼ 66% below avg |
| College Grads | 75.3% ▲ 94% above avg |
| Unemployment | 2.9% ▼ 42% below avg |
| No HS Diploma | 64 (0.6%) |
| HS Graduate | 1,150 (11%) |
| Some College | 498 (4.8%) |
| Associates | 867 (8.3%) |
| Bachelors | 664 (6.4%) |
| Graduate Degree | 7,204 (69%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $185,203 ▲ 143% above avg ↑ 33% since 2019 |
|---|---|
| Median Home Value | $551,500 ▲ 98% above avg ↑ 28% since 2019 |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $2,849/mo ↑ 46% since 2019 |
| Total Units | 5,840 |
| Vacant Units | 280 |
| Avg HH Size | 3.19 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,840 |
|---|---|
| Vacant | 280 |
| Owner Occupied | 90.7% |
| Renter Occupied | 9.3% |
| Avg HH Size | 3.19 |
ZIP code 48374 is located in Novi, Michigan, within Oakland County. With a population of 17,828, this is a moderately populated ZIP code with a middle-aged community — the median age is 39.2 years. Economically, 48374 is a affluent ZIP code: the median household income of $185,203 is more than double the national average.
Real estate in ZIP code 48374 represents a premium housing market. The median home value of $551,500 is significantly above the national average. Renters can expect to pay around $2,849 per month in median rent. Homeownership is strong here — 90.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 28% since 2019.
The population of 48374 is majority White (59.74%). Residents are highly educated — 75.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 3.4%. Household income has grown by 33% since 2019.
The unemployment rate in 48374 stands at 2.9%, which is below the national average. About 22% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 69%.
Overall, ZIP code 48374 in Novi, MI is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 17,828 residents, a median household income of $185,203, and a median home value of $551,500, it offers a clear picture of life in this part of Michigan.