ZIP Code 48073
standardSource:
Royal Oak · Oakland County · Michigan
- Population
- 32,798
- Median income
- $91,627
- Median home value
- $323,600
- Bachelor's or higher
- 60.7%
- Land area
- 19.1 sq mi
1,716/sq mi
▲ 20% vs US
higher than 75% of US ZIPs
▲ 16% vs US
higher than 70% of US ZIPs
Median age 38.7
Detroit
ZIP code 48073 in Royal Oak, Michigan has a population of 32,798. The median household income is $91,627, which is 20% above the national average. Median home value is $323,600, 16% above the US average. 60.7% of residents hold a bachelor's degree or higher.
ZIP code 48073 is classified by USPS as a standard delivery area and covers roughly 19.1 square miles in Royal Oak, Oakland County, Michigan. The area is home to 32,798 residents, producing a population density of 1,716 people per square mile, and falls within the Detroit time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 48073 against Michigan and the nation.
On the economic side, the median household income for ZIP 48073 sits at $91,627 (25% above the Michigan average), while per-capita income is $60,812. The poverty rate stands at 6.2% and the unemployment rate at 3.0%. On housing, the median home value is $323,600 (47% above the state average) with median rent at $1,283 per month, and 68.4% of occupied units are owner-occupied, a direct signal of whether 48073 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 60.7% of adults hold a bachelor's degree or higher, the median age is 38.7, and the average commute is 23 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Oakland County, so you can benchmark 48073 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 48073
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 48073.
- Health care and social assistance
Health care and social assistance
120 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
99 establishments
- Retail trade
Retail trade
89 establishments
- Accommodation and food services
Accommodation and food services
74 establishments
- Construction
Construction
63 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 48073, Royal Oak, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
32,798
Population
19.1
Area (sq mi)
1,716
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48073?
38.7
Median Age
50.2%
Male
49.8%
Female
6.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$91,627
Median Household Income
+25% vs state
$60,812
Per Capita Income
6.2%
Poverty Rate
3.0%
Unemployment Rate
23.3 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
17,497
Total Housing Units
16,354
Occupied Units
1,143
Vacant Units
2.01
Avg Household Size
Occupancy Type
$323,600
Median Home Value
+47% vs state
$1,283
Median Rent
1958
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+5.6%
YoY Change (2024)
202
HPI Index (2000 = 100)
+102%
Total Change Since 2000
Home values in ZIP 48073 have increased 5.6% over the past year (2024). Since 2000, this ZIP has seen +102% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.1% | 149 |
| 2021 | +9.1% | 163 |
| 2022 | +8.8% | 177 |
| 2023 | +8.2% | 191 |
| 2024 | +5.6% | 202 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 709 business establishments in ZIP 48073, employing approximately 16,949 people with a combined annual payroll of $1,096,428,000.
709
Businesses
16,949
Employees
$1.1B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 120 | 16.9% |
| Professional, scientific, and technical services | 99 | 14.0% |
| Retail trade | 89 | 12.6% |
| Accommodation and food services | 74 | 10.4% |
| Construction | 63 | 8.9% |
| Other services (except public administration) | 61 | 8.6% |
| Real estate and rental and leasing | 38 | 5.4% |
| Manufacturing | 35 | 4.9% |
| Administrative and support and waste management and remediation services | 33 | 4.7% |
| Finance and insurance | 28 | 4.0% |
| Wholesale trade | 20 | 2.8% |
| Information | 15 | 2.1% |
| Arts, entertainment, and recreation | 14 | 2.0% |
| Transportation and warehousing | 9 | 1.3% |
| Educational services | 6 | 0.8% |
| Management of companies and enterprises | 3 | 0.4% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 48073 vs 48017 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48017 | Clawson, MI | 11,805 | 1.4 mi |
| 48070 | Huntington Woods, MI | 6,238 | 2.6 mi |
| 48072 | Berkley, MI | 14,970 | 1.8 mi |
| 48084 | Troy, MI | 14,231 | 2.9 mi |
| 48067 | Royal Oak, MI | 24,458 | 2.4 mi |
| 48069 | Pleasant Ridge, MI | 2,526 | 3.5 mi |
| 48237 | Oak Park, MI | 29,319 | 3.9 mi |
| 48071 | Madison Heights, MI | 29,694 | 3.2 mi |
| 48009 | Birmingham, MI | 20,107 | 3.2 mi |
| 48083 | Troy, MI | 22,507 | 3.6 mi |
More ZIP Codes in Oakland County
Related Areas
Frequently Asked Questions
What county is ZIP code 48073 in? ▼
What is the population of ZIP code 48073? ▼
What is the median household income in ZIP 48073? ▼
What is the average home value in ZIP 48073? ▼
What is the demographic makeup of ZIP 48073? ▼
How many businesses are in ZIP code 48073? ▼
What are the main industries in ZIP code 48073? ▼
How have home values changed in ZIP code 48073? ▼
What is the education level in ZIP code 48073? ▼
What is the average commute time in ZIP 48073? ▼
What percentage of residents own vs. rent in ZIP 48073? ▼
What is the poverty rate in ZIP code 48073? ▼
ZIP Code Research Guides
Official Data Resources for Royal Oak, MI
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.