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 High-density area
- $182,827
- Median income Above-median income area
- $577,700
- Median home value Above-median home value
- 72.7%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 48374 (Novi, MI) fell -3.3% from 2023 to 2024. The all-transactions index moved from 173.3 in 2023 to 167.6 in 2024 (2000 = 100).
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 average Michigan ZIP), while per-capita income is $73,152. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.3% and unemployment is 2.3%. Housing is both higher-cost and owner-heavy: median home value is $577,700 (163% above the average Michigan ZIP), while 88.8% of occupied homes are owner-occupied and median rent is $2,548.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Oakland County, so 48374 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 48374
Top 5 sectors by establishment count in Novi, MI
Which industries have the most business establishments in ZIP 48374.
- Health care and social assistance
Health care and social assistance
109 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
76 establishments
- Accommodation and food services 36
Accommodation and food services
36 establishments
- Administrative and support and waste management and remediation services 21
Administrative and support and waste management and remediation services
21 establishments
- Other services (except public administration) 21
Other services (except public administration)
21 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 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
Who lives in ZIP 48374?
39.9
Median Age
49.5%
Male
50.5%
Female
29.0%
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?
$182,827
Median Household Income
+149% vs state ZIP avg
$73,152
Per Capita Income
3.3%
Poverty Rate
2.3%
Unemployment Rate
30.4 min
Mean Commute Time
How ZIP 48374 ranks among Michigan ZIPs
Novi, 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)
$182,827 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
5,890housing units
5,890
Total Housing Units
5,525
Occupied Units
365
Vacant Units
3.18
Avg Household Size
Occupancy Type
$577,700
Median Home Value
+163% vs state ZIP avg
$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.
- 48170
Plymouth (48170)
39,963 residents
- 48390
Walled Lake (48390)
22,898 residents
- 48335
Farmington (48335)
22,398 residents
- 48382
Commerce Township (48382)
21,945 residents
- 48375
Novi (48375)
21,801 residents
- 48168
Northville (48168)
21,781 residents
- 48167
Northville (48167)
21,534 residents
- 48393
Wixom (48393)
16,111 residents
- 48377 15,244
Novi (48377)
15,244 residents
What this shows Among its immediate neighbors, ZIP 48374 ranks #0 by population - useful context the national average alone can't give.
ZIP 48374 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48168
Northville (48168)
$187,589 median income
- 48374
Novi (48374)
$182,827 median income
- 48382
Commerce Township (48382)
$137,768 median income
- 48167
Northville (48167)
$124,630 median income
- 48170
Plymouth (48170)
$114,278 median income
- 48375
Novi (48375)
$112,545 median income
- 48165
New Hudson (48165)
$106,220 median income
- 48335
Farmington (48335)
$99,439 median income
- 48390
Walled Lake (48390)
$91,381 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48374, 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 (14,049 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 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.
Related
Take this with you
What to do with ZIP 48374's numbers, next.
- See how ZIP 48374 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Novi, 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.