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

Full demographic profile

Population22,152
Households9,030
Median household income$120,929
Per capita income$59,872
Median age46.8
% bachelor's degree or higher66.29%
% age 18–3418.626%
% age 65+16.459%
% renter-occupied21.177%
Median home value$361,900
Median gross rent$1,740
Unemployment rate6.167%

Nearby ZIPs in MI

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

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