ZIP 48331 — Business Opportunities

Farmington, MI · Local economy intelligence

Population

22,152

Median income

$120,929

Median age

46.8

Households

9,030

Top business opportunities in 48331

The highest-scored business categories to consider opening in Farmington, MI, based on demand (population, income, demographic fit) versus existing supply.

1. Electronics 100/100
~2.1 businesses underserved · confidence: high
2. Electronics Repair 92/100
~1.8 businesses underserved · confidence: low
3. Jewelry & Accessories 89/100
~1.8 businesses underserved · confidence: high
4. Clothing & Apparel 80/100
~3.7 businesses underserved · confidence: high
5. Furniture & Home Decor 74/100
~1.7 businesses underserved · confidence: high
6. Fitness Centre 68/100
~2.3 businesses underserved · confidence: high
7. Veterinary 67/100
~1.5 businesses underserved · confidence: high
8. Bars & Nightlife 62/100
~4.5 businesses underserved · confidence: high
9. Grocery 49/100
~1.2 businesses underserved · confidence: low
10. Hospitals 40/100
~1.3 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 48331.

Company — 20 businesses
Fast Food — 15 businesses
Park — 10 businesses
Restaurants — 10 businesses
Banking & Finance — 10 businesses
Gas Stations — 6 businesses
Convenience Stores — 6 businesses
Religious — 6 businesses
Beauty & Nail Salons — 6 businesses
Cafes & Coffee Shops — 5 businesses
Schools — 3 businesses
Pharmacies — 3 businesses
Hair Salons — 3 businesses
Grocery & Supermarkets — 3 businesses
Attraction — 3 businesses

Full demographic profile

Population	22,152
Households	9,030
Median household income	$120,929
Per capita income	$59,872
Median age	46.8
% bachelor's degree or higher	66.29%
% age 18–34	18.626%
% age 65+	16.459%
% renter-occupied	21.177%
Median home value	$361,900
Median gross rent	$1,740
Unemployment rate	6.167%

Nearby ZIPs in MI

48314 Sterling Heights · 48313 Sterling Heights · 48312 Sterling Heights · 48310 Sterling Heights · 48309 Rochester · 48307 Rochester

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