Zip Code
48098
City
Troy, MI
Population & Migration
What is the forecasted population for Zip code 48098 Troy, MI?
- Population census 2020
- 19,563
- Forecasted population 2025
- 20,734
- 6% vs. 2020
- Forecasted population 2030
- 20,853
- 6.6% vs. 2020
Zip code 48098 Troy, MI population is forecasted to grow 6% by 2025 (1.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 20,734 people for 2025 zip code 48098 Troy, MI will generate a good demand for housing, which is expected to have a deficit of 498 houses for 2030. Vacancy rate is 4.7 points below national US average.
- Total homes available 2020
- 7,567
- Estimated total home demand in 2030
- 8,065
- Total homes balance inventory
- 498
Average Household Income in zip code 48098 Troy, MI
from Internal Revenue Service
- Average household income in 2021
- $183,206
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 48098 Troy, MI?
County total number of drinking water violations
1047
+347%
234
County total number of drinking water contaminations
74
+222%
23
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