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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is +8.1% YoY. inventory, −0.9% YoY, is the number to watch.
The median listing price is up 8.1% YoY while the median home got down 1.6% bigger, so value per square foot is up 0.5%.
U.S. Census ACS characteristics for ZIP 48340 itself, not its parent county.
Renters hold 54.3% of this ZIP's 11,037 occupied households, on a median household income of $48K.
| Measure | ZIP 48340 | Oakland County | Difference |
|---|---|---|---|
| Median Household Income | $48K | $98K | -$50K |
| Below Poverty Level | 21.4% | 7.7% | +13.7% |
| Median Age | 34.60 | 41.30 | -6.70 |
| Total Population | 25,669 | 1,279,825 | -- |
| Avg Household Size | 2.32 | 2.39 | -0.07 |
| Owner-Occupied | 45.7% | 72.7% | -26.9% |
| Worked From Home | 5.6% | 20.2% | -14.6% |
| Mean Commute | 21.40 | 25.80 | -4.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.6% to 1,279,825: residents under 18 are down 0.5% and those 65 and over are up 3.1%.
County median household income is $98K, 7.7% of residents are below the poverty level, 20.2% work from home.