48098 ZIP Code – Troy, Michigan
48098 is a ZIP code serving Troy, Michigan in Oakland County with a population of approximately 20,545 residents. At $157,997, the median household income here runs well above the Michigan average and well above the U.S. average. At $467,800, median home values run well above the national average, with 91.1% owner-occupied housing (decreasing). ; median rent of $1,590 is similarly above the national average. Housing consists of 95% single-family (increasing).
The area reports an unemployment rate of 3.6%, below the national average. About 2.9% of residents live below the poverty line, well below the national rate. Bachelor's degree attainment is 76.8%, well above the national average. The median age is 46.0, near the national median. Neighboring ZIP codes include 48084, 48304, 48085.
ZIP Code 48098 Data
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ZIP 48098 vs. Michigan vs. U.S.
| Metric | ZIP 48098 | MI Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 20k | 10k | 10k |
| Median Household Income | $157k | $68k | $73k |
| Median Home Value | $467k | $190k | $258k |
| Median Rent | $1,590 | $949 | $1,088 |
| Median Age | 46.0 | 44.7 | 43.2 |
| Unemployment Rate | 3.6% | 5.6% | 5.0% |
| Poverty Rate | 2.9% | 12.5% | 13.3% |
| Bachelor's Degree or Higher | 76.8% | 25.8% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 48084 – Troy
- 48304 – Bloomfield Hills
- 48085 – Troy
- 48309 – Rochester
- 48083 – Troy
- 48009 – Birmingham
- 48017 – Clawson
- 48307 – Rochester
- 48073 – Royal Oak
- 48342 – Pontiac
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 48084 | TROY | 15,571 | $106,250 |
| 48304 | BLOOMFIELD HILLS | 17,425 | $147,675 |
| 48085 | TROY | 27,514 | $137,222 |
| 48309 | ROCHESTER | 30,626 | $117,439 |
| 48083 | TROY | 23,540 | $86,105 |