ZIP Code · MI

ZIP 48034

Part of Southfield, MI

Pop. 14,796·Oakland County·84th most expensive ZIP in Michigan

Median rent (all units)

$1,473/mo

Year-over-Year

+7.4%

Month-over-Month

+2.0%

vs US Median

-$459

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48034 · $1,473

More affordable than 75% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,160

1 BR

$1,290

2 BR

$1,620

3 BR

$1,980

4 BR+

$2,140

Research median

$1,620/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 48034 is at its highest level since Zillow's records here began in February 2023.

Past year vs. the rest of Michigan

Rent in ZIP 48034 changed +7.4% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($62,938) is $1,573 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,290); a 2-bedroom is $1,620.

Rank in Southfield

1st cheapest of 3 ZIP codes in Southfield.

Cheaper nearby

ZIP 48335, 6 miles away, rents for 19% less ($1,199/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48034. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,676/yr

At $1,473/mo median

Location

CitySouthfield

StateMI

CountyOakland County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.4% YoY, +2.0% MoM), not inventory.

Demographics

Who lives here

ZIP 48034 (Southfield, MI) is majority renter-occupied, has a large retiree population, has a median income below the national average, 41% of residents hold a bachelor's degree or higher.

Population

14,796

Median income

$62,938

Median age

40.5

Renters

74.7%

Age distribution

14.8%

28.7%

21.1%

12.2%

23.2%

Under 1814.8%

18–3428.7%

35–5421.1%

55–6412.2%

65+23.2%

Gender

46.1%

53.9%

Male46.1%

Female53.9%

Race & ethnicity

19.6%

65.9%

White19.6%

Black65.9%

Hispanic1.1%

Asian3.1%

Other10.3%

Education (25+)

16.4%

35.9%

41%

No HS diploma6.7%

HS diploma16.4%

Some college35.9%

Bachelor's+41%

Housing tenure

25.3%

74.7%

Owner25.3%

Renter74.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 48034 in Southfield, MI has changed in 5 years

Rent

$1,314 → $1,473

up 12.1%

Income

$52,749 → $62,938

up 19.3%

Population

15,656 → 14,796

down 5.5%

Renter share

80.4% → 74.7%

-5.7 pts

Bachelor's+

42.3% → 41%

-1.3 pts

Median age

39.3 → 40.5

+1.2 yrs

Five years ago, renters in ZIP 48034 in Southfield, MI paid around $1,314 a month. That figure now sits near $1,473, up 12.1% from the 2023 baseline. On the earnings side, the typical household in ZIP 48034 in Southfield, MI now reports about $62,938, up from $52,749 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 48034 in Southfield, MI losing about 860 residents over the five-year window, down 5.5% on net. The renter share has eased from 80.4% to 74.7%, with owner-occupied housing accounting for the remainder. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 48034 in Southfield, MI reflects that arc in its own way.

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About renting in ZIP 48034

Last updated: October 17, 2026

ZIP code 48034 covers Southfield, MI. The median rent here is $1,473/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,620/mo.

At 28% of local median household income ($62,938/yr), ZIP 48034 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48034?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,473/mo in ZIP 48034. The local median household income is $62,938/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48034?

Rent in ZIP 48034 has risen 7.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2023.

How does ZIP 48034 compare to other ZIPs in Michigan?

ZIP 48034 is in the middle among Michigan ZIP codes for rent, ranking #84 of 168 at $1,473/mo. Over the year to September 2026, rent in ZIP 48034 changed +7.4%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.