Novi, MI · standard
ZIP Code 48377
Oakland County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 15,244
- 613/sq mi High-density area
- $83,104
- Median income Near-median income area
- $350,600
- Median home value Above-median home value
- 56.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Novi pairs an above-median household income with above-median home values, in a low-density, mixed-tenure area.
- Top 34%
- household income, US ZIPs
- Top 26%
- home value, US ZIPs
- 613
- people per sq mi
- 47%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48377 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 48377 (Novi, MI) rose +15.3% from 2023 to 2024. The all-transactions index moved from 168.4 in 2023 to 194.3 in 2024 (2000 = 100).
ZIP code 48377 is a mid-sized community (a standard USPS delivery area) in Novi, Oakland County, Michigan, home to 15,244 residents across 24.9 square miles, a density of 613 people per square mile, in the Detroit time zone.
ZIP 48377 lands in the middle-income range, with a median household income of $83,104 (13% above the average Michigan ZIP), while per-capita income is $50,478. The poverty rate is 8.7%, with unemployment at 5.2%; those measures add context to the income figure. Housing costs run above the statewide ZIP benchmark while renting is common: median home value is $350,600 (60% above the average Michigan ZIP), with only 46.7% owner-occupied homes and median rent of $1,579.
This is a highly-educated ZIP: 56.1% of adults hold a bachelor's degree or higher, the median age is 38.2, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Oakland County, so 48377 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 48377
Top 5 sectors by establishment count in Novi, MI
Which industries have the most business establishments in ZIP 48377.
- Retail trade
Retail trade
178 establishments
- Health care and social assistance
Health care and social assistance
99 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
97 establishments
- Wholesale trade 66
Wholesale trade
66 establishments
- Accommodation and food services 62
Accommodation and food services
62 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 48377, 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
15,244
Population
24.9
Area (sq mi)
613
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48377?
38.2
Median Age
48.6%
Male
51.4%
Female
28.9%
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?
$83,104
Median Household Income
+13% vs state ZIP avg
$50,478
Per Capita Income
8.7%
Poverty Rate
5.2%
Unemployment Rate
24.7 min
Mean Commute Time
How ZIP 48377 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)
$83,104 Top 26% higher than 74% 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
10,066housing units
10,066
Total Housing Units
9,253
Occupied Units
813
Vacant Units
2.13
Avg Household Size
Occupancy Type
$350,600
Median Home Value
+60% vs state ZIP avg
$1,579
Median Rent
2001
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
+15.3%
YoY Change (2024)
194
HPI Index (2000 = 100)
+94%
Total Change Since 2000
Home values in ZIP 48377 have increased 15.3% over the past year (2024). Since 2000, this ZIP has seen +94% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.6% | 127 |
| 2021 | +9.3% | 139 |
| 2022 | +17.5% | 163 |
| 2023 | +3.3% | 168 |
| 2024 | +15.3% | 194 |
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 728 business establishments in ZIP 48377, employing approximately 25,952 people with a combined annual payroll of $2,085,476,000.
728
Businesses
25,952
Employees
$2.1B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 178 | 24.4% |
| Health care and social assistance | 99 | 13.6% |
| Professional, scientific, and technical services | 97 | 13.3% |
| Wholesale trade | 66 | 9.1% |
| Accommodation and food services | 62 | 8.5% |
| Real estate and rental and leasing | 35 | 4.8% |
| Construction | 31 | 4.3% |
| Finance and insurance | 29 | 4.0% |
| Other services (except public administration) | 26 | 3.6% |
| Administrative and support and waste management and remediation services | 21 | 2.9% |
| Manufacturing | 19 | 2.6% |
| Transportation and warehousing | 16 | 2.2% |
| Arts, entertainment, and recreation | 16 | 2.2% |
| Management of companies and enterprises | 14 | 1.9% |
| Information | 12 | 1.6% |
| Educational services | 6 | 0.8% |
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 48377 vs 48390 →
ZIP 48377 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
- 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
- 48167
Northville (48167)
21,534 residents
- 48331
Farmington (48331)
21,503 residents
- 48334
Farmington (48334)
18,540 residents
- 48393
Wixom (48393)
16,111 residents
What this shows Among its immediate neighbors, ZIP 48377 ranks #0 by population - useful context the national average alone can't give.
ZIP 48377 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48374
Novi (48374)
$182,827 median income
- 48382
Commerce Township (48382)
$137,768 median income
- 48331
Farmington (48331)
$127,633 median income
- 48167
Northville (48167)
$124,630 median income
- 48322
West Bloomfield (48322)
$113,865 median income
- 48375
Novi (48375)
$112,545 median income
- 48334
Farmington (48334)
$102,228 median income
- 48335
Farmington (48335)
$99,439 median income
- 48390
Walled Lake (48390)
$91,381 median income
What this shows By household income, ZIP 48377 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 48390 | Walled Lake, MI | 22,898 | 3.1 mi |
| 48375 | Novi, MI | 21,801 | 2.9 mi |
| 48331 | Farmington, MI | 21,503 | 3.3 mi |
| 48374 | Novi, MI | 14,049 | 3.6 mi |
| 48393 | Wixom, MI | 16,111 | 3.8 mi |
| 48335 | Farmington, MI | 22,398 | 4.7 mi |
| 48382 | Commerce Township, MI | 21,945 | 6.1 mi |
| 48334 | Farmington, MI | 18,540 | 6.3 mi |
| 48322 | West Bloomfield, MI | 31,265 | 5.3 mi |
| 48167 | Northville, MI | 21,534 | 5.7 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48377, 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 (15,244 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 48377 in?
ZIP code 48377 (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 48377?
ZIP code 48377 in Novi, MI has a population of 15,244 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48377?
The median household income in ZIP 48377 is $83,104, which is 9% above the national average of $76,288.
What is the average home value in ZIP 48377?
The median home value in ZIP 48377 is $350,600, which is 26% above the national average of $278,155.
What is the demographic makeup of ZIP 48377?
The largest racial group in ZIP 48377 is White at 55.1%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 48377?
ZIP code 48377 has 728 business establishments employing approximately 25,952 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48377?
The top industries by establishment count in ZIP 48377 are: Retail trade (178), Health care and social assistance (99), Professional, scientific, and technical services (97). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 48377?
According to the FHFA House Price Index, home values in ZIP 48377 increased by 15.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 94%. 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 48377?
In ZIP code 48377, 72.0% of residents aged 25+ have a high school diploma or higher, and 56.1% 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 48377?
The mean commute time for workers in ZIP code 48377 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 48377?
In ZIP code 48377, approximately 46.7% of occupied housing units are owner-occupied and 53.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48377?
The poverty rate in ZIP code 48377 is 8.7% 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 48377's numbers, next.
- See how ZIP 48377 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.