ZIP Code 48340 Demographics

Oakland County, Michigan  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 48340 compared to county averages.

Total Population

25,957

↓ 98.0% vs county

Median HH Income

$46,270

↓ 50.0% vs county

Median Home Value

$89,900

↓ 70.3% vs county

Median Age

32.4 yrs

↑ 21.2% vs county

Unemployment Rate

9.0%

↓ +89.9% vs county

Income & Housing Comparison

How ZIP 48340 compares to Oakland County and Michigan overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 48340 $46k Oakland $93k Michigan $69k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 48340 $90k Oakland $303k Michigan $201k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

9.7%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

41.0%

of occupied housing units are owner-occupied

Median Gross Rent

$1,027

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 48340 using local Census metrics.

Median Home Value$89,900
Down Payment (20%)$17,980
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$571P&I: $455 | Tax: $90 | Ins: $26
Rent (Local Median)
$1,027
Buying is CheaperBuying a home is estimated to save you $456/month compared to local rents.

How Does 48340 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 48340 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 48340, sorted by distance.

48326 1.9 mi away oakland county 48342 2.1 mi away oakland county 48341 3.0 mi away oakland county 48359 3.6 mi away oakland county 48309 5.5 mi away oakland county 48360 5.5 mi away oakland county 48302 5.9 mi away oakland county 48304 6.4 mi away oakland county

About Oakland County

Oakland County is located in Michigan and has a total population of 1,272,264. The county's median household income is $92,620 and median home value is $302,800. ZIP code 48340 is one of many ZCTAs within this county.

View all ZIP codes in Oakland County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.