Troy, MI · standard
ZIP Code 48098
Oakland County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 19,582
- 806/sq mi High-density area
- $164,759
- Median income Above-median income area
- $509,400
- Median home value Above-median home value
- 76.9%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Troy pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.
- Top 3%
- household income, US ZIPs
- Top 13%
- home value, US ZIPs
- 806
- people per sq mi
- 91%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48098 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 48098 (Troy, MI) rose +9.9% from 2023 to 2024. The all-transactions index moved from 169.0 in 2023 to 185.7 in 2024 (2000 = 100).
ZIP code 48098 is a mid-sized community (a standard USPS delivery area) in Troy, Oakland County, Michigan, home to 19,582 residents across 24.3 square miles, a density of 806 people per square mile, in the Detroit time zone.
ZIP 48098 skews affluent, with a median household income of $164,759 (125% above the average Michigan ZIP), while per-capita income is $71,048. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.5% and unemployment is 3.9%. Housing is both higher-cost and owner-heavy: median home value is $509,400 (132% above the average Michigan ZIP), while 91.1% of occupied homes are owner-occupied and median rent is $1,712.
This is a highly-educated ZIP: 76.9% of adults hold a bachelor's degree or higher, the median age is 46.5, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Oakland County, so 48098 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 48098
Top 5 sectors by establishment count in Troy, MI
Which industries have the most business establishments in ZIP 48098.
- Professional, scientific, and technical services
Professional, scientific, and technical services
176 establishments
- Finance and insurance
Finance and insurance
103 establishments
- Health care and social assistance
Health care and social assistance
102 establishments
- Administrative and support and waste management and remediation services 54
Administrative and support and waste management and remediation services
54 establishments
- Other services (except public administration) 53
Other services (except public administration)
53 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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 48098, Troy, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
19,582
Population
24.3
Area (sq mi)
806
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48098?
46.5
Median Age
50.1%
Male
49.9%
Female
30.7%
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?
$164,759
Median Household Income
+125% vs state ZIP avg
$71,048
Per Capita Income
3.5%
Poverty Rate
3.9%
Unemployment Rate
24.7 min
Mean Commute Time
How ZIP 48098 ranks among Michigan ZIPs
Troy, MI household income vs. every Michigan ZIP code
Median household income among 962 reporting Michigan ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$164,759 Top 1% higher than 99% of 962 Michigan ZIPs
Each bar is a $20K-wide band; taller bars hold more Michigan ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
7,783housing units
7,783
Total Housing Units
7,492
Occupied Units
291
Vacant Units
2.78
Avg Household Size
Occupancy Type
$509,400
Median Home Value
+132% vs state ZIP avg
$1,712
Median Rent
1982
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
+9.9%
YoY Change (2024)
186
HPI Index (2000 = 100)
+86%
Total Change Since 2000
Home values in ZIP 48098 have increased 9.9% over the past year (2024). Since 2000, this ZIP has seen +86% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -0.2% | 127 |
| 2021 | +9.4% | 139 |
| 2022 | +13.3% | 157 |
| 2023 | +7.4% | 169 |
| 2024 | +9.9% | 186 |
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 703 business establishments in ZIP 48098, employing approximately 23,670 people with a combined annual payroll of $2,300,950,000.
703
Businesses
23,670
Employees
$2.3B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 176 | 25.0% |
| Finance and insurance | 103 | 14.7% |
| Health care and social assistance | 102 | 14.5% |
| Administrative and support and waste management and remediation services | 54 | 7.7% |
| Other services (except public administration) | 53 | 7.5% |
| Accommodation and food services | 33 | 4.7% |
| Construction | 32 | 4.5% |
| Wholesale trade | 26 | 3.7% |
| Retail trade | 26 | 3.7% |
| Real estate and rental and leasing | 22 | 3.1% |
| Information | 17 | 2.4% |
| Management of companies and enterprises | 15 | 2.1% |
| Transportation and warehousing | 11 | 1.6% |
| Arts, entertainment, and recreation | 11 | 1.6% |
| Educational services | 10 | 1.4% |
| Manufacturing | 9 | 1.3% |
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 48098 vs 48084 →
ZIP 48098 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48307
Rochester (48307)
41,369 residents
- 48073
Royal Oak (48073)
32,798 residents
- 48309
Rochester (48309)
29,135 residents
- 48085
Troy (48085)
24,660 residents
- 48083
Troy (48083)
22,507 residents
- 48009
Birmingham (48009)
20,107 residents
- 48098
Troy (48098)
19,582 residents
- 48304 16,009
Bloomfield Hills (48304)
16,009 residents
- 48072 14,970
Berkley (48072)
14,970 residents
What this shows Among its immediate neighbors, ZIP 48098 ranks #7 by population - useful context the national average alone can't give.
ZIP 48098 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48098
Troy (48098)
$164,759 median income
- 48009
Birmingham (48009)
$153,401 median income
- 48085
Troy (48085)
$146,390 median income
- 48304
Bloomfield Hills (48304)
$143,204 median income
- 48309
Rochester (48309)
$121,007 median income
- 48072
Berkley (48072)
$116,239 median income
- 48084
Troy (48084)
$107,098 median income
- 48307
Rochester (48307)
$106,576 median income
- 48073
Royal Oak (48073)
$91,627 median income
What this shows By household income, ZIP 48098 ranks the highest of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48084 | Troy, MI | 14,231 | 2.7 mi |
| 48085 | Troy, MI | 24,660 | 3.0 mi |
| 48309 | Rochester, MI | 29,135 | 4.1 mi |
| 48304 | Bloomfield Hills, MI | 16,009 | 2.9 mi |
| 48017 | Clawson, MI | 11,805 | 4.5 mi |
| 48009 | Birmingham, MI | 20,107 | 4.3 mi |
| 48073 | Royal Oak, MI | 32,798 | 5.6 mi |
| 48083 | Troy, MI | 22,507 | 4.3 mi |
| 48072 | Berkley, MI | 14,970 | 7.0 mi |
| 48307 | Rochester, MI | 41,369 | 5.0 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48098, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,582 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Oakland County
Related Areas
Frequently Asked Questions
What county is ZIP code 48098 in?
ZIP code 48098 (Troy) is located in Oakland County, Michigan. Oakland County contains multiple ZIP codes, see the full list at /counties/oakland-mi.
What is the population of ZIP code 48098?
ZIP code 48098 in Troy, MI has a population of 19,582 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48098?
The median household income in ZIP 48098 is $164,759, which is 116% above the national average of $76,288.
What is the average home value in ZIP 48098?
The median home value in ZIP 48098 is $509,400, which is 83% above the national average of $278,155.
What is the demographic makeup of ZIP 48098?
The largest racial group in ZIP 48098 is White at 59.5%. Hispanic or Latino residents make up 1.8% of the population.
How many businesses are in ZIP code 48098?
ZIP code 48098 has 703 business establishments employing approximately 23,670 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48098?
The top industries by establishment count in ZIP 48098 are: Professional, scientific, and technical services (176), Finance and insurance (103), Health care and social assistance (102). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 48098?
According to the FHFA House Price Index, home values in ZIP 48098 increased by 9.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 86%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 48098?
In ZIP code 48098, 85.0% of residents aged 25+ have a high school diploma or higher, and 76.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 48098?
The mean commute time for workers in ZIP code 48098 is 24.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48098?
In ZIP code 48098, approximately 91.1% of occupied housing units are owner-occupied and 8.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48098?
The poverty rate in ZIP code 48098 is 3.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 48098's numbers, next.
- See how ZIP 48098 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Troy, MI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.