48374 Zip Code

April 18, 2024

Zip Code:	48374
City/Town:	Novi
State:	Michigan

Population:	14,049
Per Capita Income:	$47,861
Mean Household Income:	$161,510

Total Housing Units:	4,511
Median Home Value:	$336,100
Median Year Homes Built:	1992

Land Area:	9.1 sq miles 23.5 sq kilometers
Water Area:	0.1 sq miles 0.3 sq kilometers

Population Information (48374 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

14,049

Male:

7,051

50.2%

49.2%

Female:

6,998

49.8%

50.8%

Median Age:

39.5 yrs

37.2 yrs

Under 5 years:

768

5.5%

6.5%

5 to 9 years:

1,140

10.0%

6.6%

10 to 19 years:

2,899

20.6%

13.8%

20 to 29 years:

984

7.0%

13.8%

30 to 39 years:

1,344

9.6%

13.0%

40 to 49 years:

2,912

20.7%

14.2%

50 to 59 years:

2,712

19.3%

13.6%

60 to 69 years:

871

6.2%

9.4%

70 to 79 years:

292

2.1%

5.4%

80 years and over:

127

0.9%

3.7%

Housing Information (48374 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$336,100

$119,600

Median year homes build:

1992

1971

Median real estate taxes:

$4,623 / yr.

$1,334 / yr.

Median rent:

$1,639 / mo.

$519 / mo.

Total households:

4,511

Family households:

3,932

87.2%

66.4%

Nonfamily households:

579

12.8%

33.6%

Households with individuals under 18 years:

2,361

52.3%

33.4%

Households with individuals 65 years and over:

525

11.6%

24.9%

Average household size:

3.1

Average family size:

3.4

Total housing units:

4,704

Occupied housing units:

4,511

95.9%

88.6%

Vacant housing units:

193

4.1%

11.4%

For rent:

1.2%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.6%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.4%

3.5%

All other vacants:

0.6%

2.8%

Homeowner vacancy rate:

1.8%

2.4%

Rental vacancy rate:

11.6%

9.2%

Owner-occupied housing units:

4,072

Population in owner-occupied housing units:

12,762

Average household size of owner-occupied units:

3.1

2.65

Renter-occupied housing units:

439

Population in renter-occupied housing units:

1,273

Average household size of renter-occupied units:

2.9

2.44

Educational Attainment (48374 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

6,915

Less than 9th grade:

0.7%

6.2%

9th to 12th grade, no diploma:

230

3.3%

8.7%

High school graduate (includes equivalency):

890

12.9%

29.0%

Some college, no degree:

1,195

17.3%

20.6%

Associate degree:

473

6.8%

7.5%

Bachelor's degree:

2,040

29.5%

17.6%

Graduate or professional degree:

2,037

29.5%

10.3%

Percent high school graduate or higher:

96.0%

85.0%

Percent bachelor's degree or higher:

59.0%

27.9%

Income Information (48374 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:

3,842

27.3%

50.4%

Median income:

$78,134 / yr.

$27,932 / yr.

Full-time, year-round workers:

2,871

20.4%

59.7%

Median income:

$90,450 / yr.

$38,349 / yr.

Females 15 years and over with income:

3,189

22.7%

49.6%

Median income:

$23,890 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,088

7.7%

40.3%

Median income:

$42,471 / yr.

$28,135 / yr.

All contents copyright © 2012-2024 TeraCodes.com. All rights reserved. This Internet site provides information of a general nature and is designed for educational purposes only. If you have any concerns please review the Terms of Use before using this site. Your use of the site indicates your agreement to be bound by the Terms of Use.

This site is published by TeraCodes, which is responsible for its contents as further described and qualified in the Privacy Policy and Terms of Use.