48306 ZIP Code – Rochester, Michigan
Located in Rochester, Michigan, ZIP code 48306 is a large ZIP code within Oakland County with a population of approximately 28,083 residents. Residents earn a median household income of $163,419, which is well above the Michigan average and well above the national figure. Median home values of $490,400 are well above the national average, with 92.8% owner-occupied housing (decreasing). , with median rent coming in at $1,131 — near the national figure. Housing consists of 92% single-family (decreasing), 5% apartments (increasing).
Unemployment stands at 3.9%, which is below the U.S. rate. The poverty rate of 2.2% is well below the U.S. average. An estimated 72.0% of adults hold a bachelor's degree or higher, well above the national average. The population has a median age of 43.5, near the national median. Nearby ZIP codes include 48363, 48307, 48309.
ZIP Code 48306 Data
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ZIP 48306 vs. Michigan vs. U.S.
| Metric | ZIP 48306 | MI Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 28k | 10k | 10k |
| Median Household Income | $163k | $68k | $73k |
| Median Home Value | $490k | $190k | $258k |
| Median Rent | $1,131 | $949 | $1,088 |
| Median Age | 43.5 | 44.7 | 43.2 |
| Unemployment Rate | 3.9% | 5.6% | 5.0% |
| Poverty Rate | 2.2% | 12.5% | 13.3% |
| Bachelor's Degree or Higher | 72.0% | 25.8% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 48363 – Oakland
- 48307 – Rochester
- 48309 – Rochester
- 48316 – Utica
- 48094 – Washington
- 48326 – Auburn Hills
- 48360 – Lake Orion
- 48359 – Lake Orion
- 48095 – Washington
- 48317 – Utica
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 48363 | OAKLAND | 7,517 | $161,798 |
| 48307 | ROCHESTER | 43,799 | $102,420 |
| 48309 | ROCHESTER | 30,626 | $117,439 |
| 48316 | UTICA | 28,263 | $99,671 |
| 48094 | WASHINGTON | 20,310 | $94,759 |