PlainZIP

Waterford, MI · standard

ZIP Code 48328

Oakland County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

24,960
1,066/sq mi
$72,299
Median income
$222,900
Median home value
28.7%
Bachelor's or higher

The verdict

Waterford pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.

Top 50%
household income, US ZIPs
Top 50%
home value, US ZIPs
1,066
people per sq mi
67%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48328 against every reporting US ZIP.

ZIP code 48328 is a densely settled ZIP (a standard USPS delivery area) in Waterford, Oakland County, Michigan, with 24,960 residents across 23.4 square miles, a density of 1,066 people per square mile, in the Detroit time zone.

ZIP 48328 lands in the middle-income range, with a median household income of $72,299 (1% below the Michigan average), while per-capita income is $47,010. Local economic indicators show a 11.2% poverty rate alongside 5.1% unemployment. On housing, the median home value is $222,900 (1% above the state average) with median rent at $1,102 per month, and 66.7% of occupied units are owner-occupied.

Educational attainment sits below the national norm: 28.7% of adults hold a bachelor's degree or higher, the median age is 43.2, and the average commute is 25 minutes. To put 48328 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 48328

Top 5 sectors by establishment count in Waterford, MI

Which industries have the most business establishments in ZIP 48328.

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 48328, 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

24,960

Population

23.4

Area (sq mi)

1,066

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 48328?

43.2

Median Age

49.8%

Male

50.2%

Female

4.9%

Foreign-Born

White 76.6%
African American 9.6%
Asian 0.9%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.1%
Hispanic or Latino 8.4%

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?

$72,299

Median Household Income

-1% vs state

$47,010

Per Capita Income

11.2%

Poverty Rate

5.1%

Unemployment Rate

24.9 min

Mean Commute Time

How ZIP 48328 ranks nationally

Waterford, MI household income vs. every US ZIP code

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

$72,299 Top 50% higher than 50% 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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $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 60.2%
Bachelor's Degree or Higher 28.7%

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

What does housing look like?

11,881

Total Housing Units

11,215

Occupied Units

666

Vacant Units

2.15

Avg Household Size

Occupancy Type

Owner 66.7%
Renter 33.3%

$222,900

Median Home Value

+1% vs state

$1,102

Median Rent

1970

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

+6.3%

YoY Change (2024)

168

HPI Index (2000 = 100)

+68%

Total Change Since 2000

Home values in ZIP 48328 have increased 6.3% over the past year (2024). Since 2000, this ZIP has seen +68% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.7% 123
2021 +10.8% 136
2022 +13.4% 154
2023 +2.5% 158
2024 +6.3% 168

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 593 business establishments in ZIP 48328, employing approximately 5,444 people with a combined annual payroll of $248,105,000.

593

Businesses

5,444

Employees

$248.1M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Retail trade 99 16.7%
Health care and social assistance 91 15.3%
Accommodation and food services 70 11.8%
Other services (except public administration) 64 10.8%
Professional, scientific, and technical services 49 8.3%
Construction 48 8.1%
Administrative and support and waste management and remediation services 38 6.4%
Finance and insurance 28 4.7%
Real estate and rental and leasing 27 4.5%
Wholesale trade 25 4.2%
Arts, entertainment, and recreation 15 2.5%
Manufacturing 14 2.4%
Transportation and warehousing 10 1.7%
Information 10 1.7%
Educational services 3 0.5%

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 48328 vs 48320 →

ZIP 48328 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 48328 ranks #3 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 48328 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 48328 ranks #8 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
48320 Keego Harbor, MI 4,589 2.3 mi
48327 Waterford, MI 21,559 2.9 mi
48341 Pontiac, MI 17,139 3.2 mi
48329 Waterford, MI 25,009 3.5 mi
48342 Pontiac, MI 18,407 4.2 mi
48324 West Bloomfield, MI 17,350 3.8 mi
48340 Pontiac, MI 24,307 3.8 mi
48323 West Bloomfield, MI 17,708 5.2 mi
48302 Bloomfield Hills, MI 15,360 5.1 mi
48322 West Bloomfield, MI 31,265 7.1 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 Waterford, MI Michigan

Frequently Asked Questions

What county is ZIP code 48328 in? ▼
ZIP code 48328 (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 48328? ▼
ZIP code 48328 in Waterford, MI has a population of 24,960 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48328? ▼
The median household income in ZIP 48328 is $72,299, which is 5% below the national average of $76,288.
What is the average home value in ZIP 48328? ▼
The median home value in ZIP 48328 is $222,900, which is 20% below the national average of $278,155.
What is the demographic makeup of ZIP 48328? ▼
The largest racial group in ZIP 48328 is White at 76.6%. Hispanic or Latino residents make up 8.4% of the population.
How many businesses are in ZIP code 48328? ▼
ZIP code 48328 has 593 business establishments employing approximately 5,444 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48328? ▼
The top industries by establishment count in ZIP 48328 are: Retail trade (99), Health care and social assistance (91), Accommodation and food services (70). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 48328? ▼
According to the FHFA House Price Index, home values in ZIP 48328 increased by 6.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 68%. 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 48328? ▼
In ZIP code 48328, 60.2% of residents aged 25+ have a high school diploma or higher, and 28.7% 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 48328? ▼
The mean commute time for workers in ZIP code 48328 is 24.9 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 48328? ▼
In ZIP code 48328, approximately 66.7% of occupied housing units are owner-occupied and 33.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48328? ▼
The poverty rate in ZIP code 48328 is 11.2% 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.