48381 ZIP Code – Milford, Michigan

48381 is a ZIP code serving Milford, Michigan in Oakland County with a population of approximately 13,573 residents. The median household income of $98,586 is above the Michigan average and above the national average. At $359,800, median home values run above the national average, with 81.6% owner-occupied housing (increasing). , with median rent coming in at $1,094 — near the national figure. Housing consists of 78% single-family (decreasing), 8% apartments (increasing).

Unemployment stands at 2.8%, which is well below the U.S. rate. An estimated 5.6% of the population falls below the poverty line, well below the national figure. 45.2% of adults hold a bachelor's degree or higher, well above the U.S. average. Residents have a median age of 41.4, near the U.S. median. Nearby ZIP codes include 48393, 48380, 48165.

ZIP Code 48381 Data

Population 13,573
Median Household Income $98,586
Median Home Value $359,800
Median Rent $1,094
Median Age 41.4
Unemployment Rate 2.8%
Poverty Rate 5.6%
Bachelor's Degree or Higher 45.2%
State Michigan

ZIP 48381 vs. Michigan vs. U.S.

MetricZIP 48381MI Avg.U.S. Avg.
Population13k10k10k
Median Household Income$98k$68k$73k
Median Home Value$359k$190k$258k
Median Rent$1,094$949$1,088
Median Age41.444.743.2
Unemployment Rate2.8%5.6%5.0%
Poverty Rate5.6%12.5%13.3%
Bachelor's Degree or Higher45.2%25.8%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
48393 WIXOM 19,975 $70,786
48380 MILFORD 7,750 $131,368
48165 NEW HUDSON 9,128 $100,734
48382 COMMERCE TOWNSHIP 23,765 $129,000
48390 WALLED LAKE 23,854 $84,172