PlainZIP

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
$164,759
Median income
$509,400
Median home value
76.9%
Bachelor's or higher

The verdict

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.

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 Michigan average), while per-capita income is $71,048. 3.5% of residents live below the poverty line, and the unemployment rate reads 3.9%. The typical home here is valued at $509,400 (132% above the state average); renters pay a median of $1,712 monthly, and 91.1% of units are owner-occupied.

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. To put 48098 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Oakland County, for a geography-aware comparison.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 48098?

46.5

Median Age

50.1%

Male

49.9%

Female

30.7%

Foreign-Born

White 59.5%
African American 1.9%
Asian 31.9%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.0%
Hispanic or Latino 1.8%

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

$71,048

Per Capita Income

3.5%

Poverty Rate

3.9%

Unemployment Rate

24.7 min

Mean Commute Time

How ZIP 48098 ranks nationally

Troy, MI household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$164,759 Top 3% higher than 97% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). Below this entry. $160,000–$180,000: 364 US ZIPs (1%). This entry sits in this band. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 85.0%
Bachelor's Degree or Higher 76.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

7,783

Total Housing Units

7,492

Occupied Units

291

Vacant Units

2.78

Avg Household Size

Occupancy Type

Owner 91.1%
Renter 8.9%

$509,400

Median Home Value

+132% vs state

$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.

residents

What this shows Among its immediate neighbors, ZIP 48098 ranks #7 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 48098 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

More ZIP Codes in Oakland County

48307 standard
Rochester, MI
Pop: 41,369
48073 standard
Royal Oak, MI
Pop: 32,798
48322 standard
West Bloomfield, MI
Pop: 31,265
48071 standard
Madison Heights, MI
Pop: 29,694
48237 standard
Oak Park, MI
Pop: 29,319
48309 standard
Rochester, MI
Pop: 29,135

Related Areas

Oakland County Troy, MI Michigan

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.

Read our methodology to see how this data is sourced, computed, and verified.