48306 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Oakland County
Centroid: Latitude 42.725, Longitude -83.15
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 48306 has segments in 2 Counties (Macomb, Oakland).

Businesses Addresses: 172
PO Box Addresses: 0
Residential Addresses: 10,128

Multi-Family Addresses: 479
Single Family Addresses: 9,649

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Rochester, MI 48306 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Rochester, MI 48306 Housing Affordability Index is 178 State of Michigan Housing Affordability Index is 142
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Rochester, MI 48306 Wealth Index is 297 State of Michigan Wealth Index is 92
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	28,269 (100%)
Population in Households	28,255 (100.0%)
Population in Families	25,899 (91.6%)
Population in Group Quarters¹	14 ( 0.0%)
Population Density	1,227
Diversity Index²	32

INCOME
Median Household Income	$138,776
Average Household Income	$184,916
Per Capita Income	$64,864
Wealth Index⁴	297

HOUSING
Total Housing Units	10,246 (100%)
Owner Occupied HU	8,990 (87.7%)
Renter Occupied HU	926 ( 9.0%)
Vacant Housing Units	330 ( 3.2%)
Median Home Value	$382,041
Housing Affordability Index³	178

HOUSEHOLDS
Total Households	9,916
Average Household Size	2.85
Family Households	8,047
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Rochester, MI 48306 - Peer Comparisons by Rank and Percentile

The table below compares 48306 to the other 986 ZIP Codes in Michigan by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.43%	0.53%
Households	0.45%	0.56%
Families	0.3%	0.48%
Median Household Income		1.64%
Per Capita Income		1.53%

Variable Description	Rank	Percentile
Total Population	# 101	90th
Population Density	# 196	80th
Diversity Index	# 218	78th
Median Household Income	# 3	100th
Per Capita Income	# 11	99th

Rochester, MI 48306 ZIP Code Profile

ZIP Code 48306: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 48306

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Rochester, MI 48306 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Rochester, MI 48306 - Peer Comparisons by Rank and Percentile

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