| ZIP Code | 48377 |
|---|---|
| City | Novi |
| State | Michigan (MI) |
| County | Oakland County |
| Area Code | 248/947 |
| Elevation | 963 ft |
| Latitude | 42.505368 |
|---|---|
| Longitude | -83.473579 |
| Timezone | Detroit (DST) |
| FIPS | 26125 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.2 yrs |
|---|---|
| Avg Household Size | 2.16 |
| Below Poverty | 6.3% ▼ 37% below avg |
| College Grads | 61.5% ▲ 59% above avg |
| Unemployment | 3.2% ▼ 35% below avg |
| No HS Diploma | 135 (1%) |
| HS Graduate | 2,203 (15.9%) |
| Some College | 1,053 (7.6%) |
| Associates | 1,957 (14.1%) |
| Bachelors | 1,169 (8.4%) |
| Graduate Degree | 7,379 (53.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,368 ▲ 9% above avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $332,000 ▲ 19% above avg ↑ 21% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,439/mo ↑ 28% since 2019 |
| Total Units | 9,961 |
| Vacant Units | 844 |
| Avg HH Size | 2.16 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 9,961 |
|---|---|
| Vacant | 844 |
| Owner Occupied | 50.5% |
| Renter Occupied | 49.5% |
| Avg HH Size | 2.16 |
ZIP code 48377 is located in Novi, Michigan, within Oakland County. With a population of 19,775, this is a moderately populated ZIP code with a middle-aged community — the median age is 38.2 years. Economically, 48377 is a middle-income ZIP code: the median household income of $83,368 is near the national average.
Real estate in ZIP code 48377 represents a mid-range housing market. The median home value of $332,000 is above the national average. Renters can expect to pay around $1,439 per month in median rent. The area has a relatively balanced mix of owners (50.5%) and renters (49.5%). Median home values have increased by 21% since 2019.
The population of 48377 is majority White (53.41%). Residents are highly educated — 61.5% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 6.3%. Household income has grown by 22% since 2019.
The unemployment rate in 48377 stands at 3.2%, which is below the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 48377 in Novi, MI is characterized as middle-income, highly educated, and a middle-aged community. With 19,775 residents, a median household income of $83,368, and a median home value of $332,000, it offers a clear picture of life in this part of Michigan.