Waterford, MI · standard
ZIP Code 48327
Oakland County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 21,559
- 734/sq mi High-density area
- $74,788
- Median income Near-median income area
- $257,500
- Median home value Near-median home value
- 30.5%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Waterford pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.
- Top 45%
- household income, US ZIPs
- Top 41%
- home value, US ZIPs
- 734
- people per sq mi
- 72%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48327 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 48327 (Waterford, MI) rose +9.8% from 2023 to 2024. The all-transactions index moved from 164.0 in 2023 to 180.1 in 2024 (2000 = 100).
ZIP code 48327 is a densely settled ZIP (a standard USPS delivery area) in Waterford, Oakland County, Michigan, with 21,559 residents across 29.4 square miles, a density of 734 people per square mile, in the Detroit time zone.
ZIP 48327 lands in the middle-income range, with a median household income of $74,788 (2% above the average Michigan ZIP), while per-capita income is $43,181. The poverty rate is 9.0%, with unemployment at 5.1%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $257,500 (17% above the average Michigan ZIP), while 72.2% of occupied homes are owner-occupied and median rent is $1,113.
A solid share of residents have a four-year degree: 30.5% of adults hold a bachelor's degree or higher, the median age is 40.8, and the average commute is 30 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Oakland County, so 48327 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 48327
Top 5 sectors by establishment count in Waterford, MI
Which industries have the most business establishments in ZIP 48327.
- Retail trade
Retail trade
68 establishments
- Health care and social assistance
Health care and social assistance
59 establishments
- Other services (except public administration)
Other services (except public administration)
59 establishments
- Construction
Construction
49 establishments
- Accommodation and food services
Accommodation and food services
43 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 48327, Waterford, 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
21,559
Population
29.4
Area (sq mi)
734
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48327?
40.8
Median Age
48.1%
Male
51.9%
Female
8.0%
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?
$74,788
Median Household Income
+2% vs state ZIP avg
$43,181
Per Capita Income
9.0%
Poverty Rate
5.1%
Unemployment Rate
29.5 min
Mean Commute Time
How ZIP 48327 ranks among Michigan ZIPs
Waterford, 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)
$74,788 Top 38% higher than 62% 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
9,837housing units
9,837
Total Housing Units
9,451
Occupied Units
386
Vacant Units
2.21
Avg Household Size
Occupancy Type
$257,500
Median Home Value
+17% vs state ZIP avg
$1,113
Median Rent
1978
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
+9.8%
YoY Change (2024)
180
HPI Index (2000 = 100)
+80%
Total Change Since 2000
Home values in ZIP 48327 have increased 9.8% over the past year (2024). Since 2000, this ZIP has seen +80% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.5% | 126 |
| 2021 | +12.0% | 141 |
| 2022 | +9.1% | 154 |
| 2023 | +6.7% | 164 |
| 2024 | +9.8% | 180 |
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 461 business establishments in ZIP 48327, employing approximately 4,841 people with a combined annual payroll of $258,256,000.
461
Businesses
4,841
Employees
$258.3M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 68 | 14.8% |
| Health care and social assistance | 59 | 12.8% |
| Other services (except public administration) | 59 | 12.8% |
| Construction | 49 | 10.6% |
| Accommodation and food services | 43 | 9.3% |
| Professional, scientific, and technical services | 40 | 8.7% |
| Administrative and support and waste management and remediation services | 40 | 8.7% |
| Transportation and warehousing | 24 | 5.2% |
| Finance and insurance | 22 | 4.8% |
| Real estate and rental and leasing | 16 | 3.5% |
| Wholesale trade | 10 | 2.2% |
| Arts, entertainment, and recreation | 9 | 1.9% |
| Information | 8 | 1.7% |
| Manufacturing | 6 | 1.3% |
| Management of companies and enterprises | 4 | 0.9% |
| Educational services | 3 | 0.7% |
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 48327 vs 48328 →
ZIP 48327 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48322
West Bloomfield (48322)
31,265 residents
- 48329
Waterford (48329)
25,009 residents
- 48328
Waterford (48328)
24,960 residents
- 48346
Clarkston (48346)
22,567 residents
- 48327
Waterford (48327)
21,559 residents
- 48323
West Bloomfield (48323)
17,708 residents
- 48386
White Lake (48386)
17,434 residents
- 48324
West Bloomfield (48324)
17,350 residents
- 48341
Pontiac (48341)
17,139 residents
What this shows Among its immediate neighbors, ZIP 48327 ranks #5 by population - useful context the national average alone can't give.
ZIP 48327 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48323
West Bloomfield (48323)
$144,457 median income
- 48324
West Bloomfield (48324)
$142,100 median income
- 48322
West Bloomfield (48322)
$113,865 median income
- 48383
White Lake (48383)
$102,072 median income
- 48346
Clarkston (48346)
$101,477 median income
- 48386
White Lake (48386)
$89,702 median income
- 48329
Waterford (48329)
$85,709 median income
- 48320
Keego Harbor (48320)
$78,150 median income
- 48327
Waterford (48327)
$74,788 median income
What this shows By household income, ZIP 48327 ranks #9 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48328 | Waterford, MI | 24,960 | 2.9 mi |
| 48329 | Waterford, MI | 25,009 | 3.3 mi |
| 48324 | West Bloomfield, MI | 17,350 | 3.5 mi |
| 48386 | White Lake, MI | 17,434 | 3.2 mi |
| 48346 | Clarkston, MI | 22,567 | 5.4 mi |
| 48320 | Keego Harbor, MI | 4,589 | 4.4 mi |
| 48323 | West Bloomfield, MI | 17,708 | 5.5 mi |
| 48383 | White Lake, MI | 12,701 | 6.1 mi |
| 48341 | Pontiac, MI | 17,139 | 6.1 mi |
| 48322 | West Bloomfield, MI | 31,265 | 7.2 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48327, 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 (21,559 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 48327 in?
ZIP code 48327 (Waterford) 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 48327?
ZIP code 48327 in Waterford, MI has a population of 21,559 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48327?
The median household income in ZIP 48327 is $74,788, which is 2% below the national average of $76,288.
What is the average home value in ZIP 48327?
The median home value in ZIP 48327 is $257,500, which is 7% below the national average of $278,155.
What is the demographic makeup of ZIP 48327?
The largest racial group in ZIP 48327 is White at 79.5%. Hispanic or Latino residents make up 5.9% of the population.
How many businesses are in ZIP code 48327?
ZIP code 48327 has 461 business establishments employing approximately 4,841 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48327?
The top industries by establishment count in ZIP 48327 are: Retail trade (68), Health care and social assistance (59), Other services (except public administration) (59). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 48327?
According to the FHFA House Price Index, home values in ZIP 48327 increased by 9.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 80%. 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 48327?
In ZIP code 48327, 58.2% of residents aged 25+ have a high school diploma or higher, and 30.5% 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 48327?
The mean commute time for workers in ZIP code 48327 is 29.5 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48327?
In ZIP code 48327, approximately 72.2% of occupied housing units are owner-occupied and 27.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48327?
The poverty rate in ZIP code 48327 is 9.0% 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 48327's numbers, next.
- See how ZIP 48327 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Waterford, 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.