PlainZIP

Novi, MI · standard

ZIP Code 48374

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

14,049
597/sq mi
$182,827
Median income
$577,700
Median home value
72.7%
Bachelor's or higher

The verdict

Novi pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 2%
household income, US ZIPs
Top 10%
home value, US ZIPs
597
people per sq mi
89%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48374 against every reporting US ZIP.

ZIP code 48374 is a mid-sized community (a standard USPS delivery area) in Novi, Oakland County, Michigan, home to 14,049 residents across 23.6 square miles, a density of 597 people per square mile, in the Detroit time zone.

ZIP 48374 skews affluent, with a median household income of $182,827 (149% above the Michigan average), while per-capita income is $73,152. Local economic indicators show a 3.3% poverty rate alongside 2.3% unemployment. On housing, the median home value is $577,700 (163% above the state average) with median rent at $2,548 per month, and 88.8% of occupied units are owner-occupied.

This is a highly-educated ZIP: 72.7% of adults hold a bachelor's degree or higher, the median age is 39.9, and the average commute is 30 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 48374, plus 6 more within Oakland County, give a clearer read than the national average alone.

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 48374

Top 5 sectors by establishment count in Novi, MI

Which industries have the most business establishments in ZIP 48374.

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 48374, Novi, 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

14,049

Population

23.6

Area (sq mi)

597

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 48374?

39.9

Median Age

49.5%

Male

50.5%

Female

29.0%

Foreign-Born

White 54.7%
African American 4.1%
Asian 34.4%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.8%
Hispanic or Latino 2.9%

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?

$182,827

Median Household Income

+149% vs state

$73,152

Per Capita Income

3.3%

Poverty Rate

2.3%

Unemployment Rate

30.4 min

Mean Commute Time

How ZIP 48374 ranks nationally

Novi, MI household income vs. every US ZIP code

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

$182,827 Top 2% higher than 98% 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%). Below this entry. $180,000–$200,000: 186 US ZIPs (1%). This entry sits in this band. $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 83.6%
Bachelor's Degree or Higher 72.7%

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

What does housing look like?

5,890

Total Housing Units

5,525

Occupied Units

365

Vacant Units

3.18

Avg Household Size

Occupancy Type

Owner 88.8%
Renter 11.2%

$577,700

Median Home Value

+163% vs state

$2,548

Median Rent

2000

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

-3.3%

YoY Change (2024)

168

HPI Index (2000 = 100)

+68%

Total Change Since 2000

Home values in ZIP 48374 have decreased 3.3% over the past year (2024). Since 2000, this ZIP has seen +68% cumulative appreciation.

Year Annual Change HPI Index
2020 +1.4% 123
2021 +6.8% 131
2022 +13.3% 148
2023 +16.7% 173
2024 -3.3% 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 363 business establishments in ZIP 48374, employing approximately 6,466 people with a combined annual payroll of $411,444,000.

363

Businesses

6,466

Employees

$411.4M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 109 30.0%
Professional, scientific, and technical services 76 20.9%
Accommodation and food services 36 9.9%
Administrative and support and waste management and remediation services 21 5.8%
Other services (except public administration) 21 5.8%
Construction 18 5.0%
Retail trade 17 4.7%
Real estate and rental and leasing 16 4.4%
Wholesale trade 12 3.3%
Finance and insurance 12 3.3%
Arts, entertainment, and recreation 9 2.5%
Educational services 6 1.6%
Transportation and warehousing 4 1.1%

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 48374 vs 48167 →

ZIP 48374 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 48374 ranks #0 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 48374 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 48374 ranks #2 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
48167 Northville, MI 21,534 2.5 mi
48375 Novi, MI 21,801 3.1 mi
48393 Wixom, MI 16,111 3.6 mi
48168 Northville, MI 21,781 4.5 mi
48377 Novi, MI 15,244 3.6 mi
48170 Plymouth, MI 39,963 7.1 mi
48165 New Hudson, MI 6,339 5.2 mi
48390 Walled Lake, MI 22,898 6.1 mi
48335 Farmington, MI 22,398 6.2 mi
48382 Commerce Township, MI 21,945 8.3 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 Novi, MI Michigan

Frequently Asked Questions

What county is ZIP code 48374 in? ▼
ZIP code 48374 (Novi) 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 48374? ▼
ZIP code 48374 in Novi, MI has a population of 14,049 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48374? ▼
The median household income in ZIP 48374 is $182,827, which is 140% above the national average of $76,288.
What is the average home value in ZIP 48374? ▼
The median home value in ZIP 48374 is $577,700, which is 108% above the national average of $278,155.
What is the demographic makeup of ZIP 48374? ▼
The largest racial group in ZIP 48374 is White at 54.7%. Hispanic or Latino residents make up 2.9% of the population.
How many businesses are in ZIP code 48374? ▼
ZIP code 48374 has 363 business establishments employing approximately 6,466 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48374? ▼
The top industries by establishment count in ZIP 48374 are: Health care and social assistance (109), Professional, scientific, and technical services (76), Accommodation and food services (36). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 48374? ▼
According to the FHFA House Price Index, home values in ZIP 48374 decreased by 3.3% 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 48374? ▼
In ZIP code 48374, 83.6% of residents aged 25+ have a high school diploma or higher, and 72.7% 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 48374? ▼
The mean commute time for workers in ZIP code 48374 is 30.4 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 48374? ▼
In ZIP code 48374, approximately 88.8% of occupied housing units are owner-occupied and 11.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48374? ▼
The poverty rate in ZIP code 48374 is 3.3% 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.