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ZIP 48374 — Business Opportunities

Novi, MI · Local economy intelligence
Population
18,125
Median income
$179,940
Median age
39.2
Households
5,689

Top business opportunities in 48374

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

  1. 1. Electronics 100/100
    ~1.9 businesses underserved · confidence: high
  2. 2. Fitness Centre 100/100
    ~3.3 businesses underserved · confidence: high
  3. 3. Furniture & Home Decor 100/100
    ~2.5 businesses underserved · confidence: high
  4. 4. Jewelry & Accessories 100/100
    ~2.3 businesses underserved · confidence: high
  5. 5. Electronics Repair 92/100
    ~1.6 businesses underserved · confidence: low
  6. 6. Clothing & Apparel 85/100
    ~3.4 businesses underserved · confidence: high
  7. 7. Toys & Games 76/100
    ~1.6 businesses underserved · confidence: high
  8. 8. Music School 76/100
    ~1.7 businesses underserved · confidence: high
  9. 9. Dancing School 76/100
    ~1.5 businesses underserved · confidence: low
  10. 10. Veterinary 72/100
    ~1.4 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 48374.

Full demographic profile

Population18,125
Households5,689
Median household income$179,940
Per capita income$72,036
Median age39.2
% bachelor's degree or higher72.565%
% age 18–3413.727%
% age 65+7.426%
% renter-occupied9.759%
Median home value$536,100
Median gross rent$2,352
Unemployment rate3.603%

Nearby ZIPs in MI

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

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