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
- 21,531
- 10.1% vs. 2020
- Forecasted population 2030
- 22,603
- 15.5% vs. 2020
Zip code 48098 Troy, MI population is forecasted to grow 10.1% by 2025 (5.4 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 21,531 people for 2025 zip code 48098 Troy, MI will generate a good demand for housing, which is expected to have a deficit of 1,176 houses for 2030. Vacancy rate is 2.7 points below national US average.
- Total homes available 2020
- 7,567
- Estimated total home demand in 2030
- 8,743
- Total homes balance inventory
- 1,176
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
1019
+351%
226
County total number of drinking water contaminations
69
+200%
23
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