48098 Zip Code

April 28, 2024

Zip Code:	48098
City/Town:	Troy
State:	Michigan

Population:	19,582
Per Capita Income:	$48,272
Mean Household Income:	$138,822

Total Housing Units:	7,176
Median Home Value:	$243,300
Median Year Homes Built:	1977

Land Area:	9.4 sq miles 24.3 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (48098 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

19,582

Male:

9,578

48.9%

49.2%

Female:

10,004

51.1%

50.8%

Median Age:

46.4 yrs

37.2 yrs

Under 5 years:

710

3.6%

6.5%

5 to 9 years:

1,148

7.8%

6.6%

10 to 19 years:

3,109

15.9%

13.8%

20 to 29 years:

1,572

8.0%

13.8%

30 to 39 years:

1,497

7.6%

13.0%

40 to 49 years:

3,103

15.8%

14.2%

50 to 59 years:

4,026

20.6%

13.6%

60 to 69 years:

2,547

13.0%

9.4%

70 to 79 years:

1,127

5.8%

5.4%

80 years and over:

743

3.8%

3.7%

Housing Information (48098 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$243,300

$119,600

Median year homes build:

1977

1971

Median real estate taxes:

$3,396 / yr.

$1,334 / yr.

Median rent:

$775 / mo.

$519 / mo.

Total households:

7,176

Family households:

5,743

80.0%

66.4%

Nonfamily households:

1,433

20.0%

33.6%

Households with individuals under 18 years:

2,531

35.3%

33.4%

Households with individuals 65 years and over:

2,068

28.8%

24.9%

Average household size:

2.7

Average family size:

3.1

Total housing units:

7,440

Occupied housing units:

7,176

96.5%

88.6%

Vacant housing units:

264

3.5%

11.4%

For rent:

0.9%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

0.9%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.8%

3.5%

All other vacants:

0.6%

2.8%

Homeowner vacancy rate:

1.1%

2.4%

Rental vacancy rate:

8.5%

9.2%

Owner-occupied housing units:

6,462

Population in owner-occupied housing units:

17,864

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

714

Population in renter-occupied housing units:

1,675

Average household size of renter-occupied units:

2.4

2.44

Educational Attainment (48098 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

29,287

Less than 9th grade:

762

2.6%

6.2%

9th to 12th grade, no diploma:

1,150

3.9%

8.7%

High school graduate (includes equivalency):

4,642

15.9%

29.0%

Some college, no degree:

5,422

18.5%

20.6%

Associate degree:

1,822

6.2%

7.5%

Bachelor's degree:

8,274

28.3%

17.6%

Graduate or professional degree:

7,215

24.6%

10.3%

Percent high school graduate or higher:

93.5%

85.0%

Percent bachelor's degree or higher:

52.9%

27.9%

Income Information (48098 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

16,014

81.8%

50.4%

Median income:

$62,610 / yr.

$27,932 / yr.

Full-time, year-round workers:

10,355

52.9%

59.7%

Median income:

$77,238 / yr.

$38,349 / yr.

Females 15 years and over with income:

14,325

73.2%

49.6%

Median income:

$25,027 / yr.

$16,327 / yr.

Full-time, year-round workers:

5,351

27.3%

40.3%

Median income:

$48,688 / yr.

$28,135 / yr.

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