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ZIP Code · MI

ZIP 48034

Pop. 14,796·Oakland County·96th most expensive ZIP in Michigan
Median rent (all units)
$1,383/mo
Year-over-Year
-5.5%
Month-over-Month
-1.4%
vs US Median
-$582
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48034 · $1,383
More affordable than 82% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$16,596/yr
At $1,383/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.5% YoY, -1.4% 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

2021 vs 2026

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

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

On the earnings side, the typical household in ZIP 48034 in Southfield, MI now reports about $62,938, up from $52,749 in 2021. 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.

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Local insights

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About renting in ZIP 48034

Last updated: July 20, 2026

ZIP code 48034 covers Southfield, MI. The median rent here is $1,383/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,620/mo.

At 26% of local median household income ($62,938/yr), ZIP 48034 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48034?

As of July 20, 2026, the median monthly rent in ZIP 48034 (Southfield, MI) is $1,383. This is based on aggregated data from public sources and community submissions.

How does ZIP 48034 rent compare to the US average?

ZIP 48034's median rent of $1,383/mo is $582 (30%) below the US national median of $1,965/mo.

How does ZIP 48034 compare to other ZIPs in Michigan?

ZIP 48034 falls in the middle range for Michigan, ranking #96 out of 165 ZIPs at $1,383/mo.

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 $55,000/year (~$26/hour full-time) to afford the median rent of $1,383/mo in ZIP 48034. The local median household income is $62,938/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48034?

Rent in ZIP 48034 has decreased 5.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 48034 an affordable place to rent?

ZIP 48034 is considered affordable for renters. At $1,383/mo, rent takes approximately 26% of the local median household income ($62,938/yr). The standard benchmark is 30%. ZIP 48034 falls comfortably within that range.

What percentage of ZIP 48034 residents rent vs. own?

According to Census data, approximately 74.7% of ZIP 48034 households are renters, while 25.3% are owner-occupied. With a majority renter population, ZIP 48034 has a strong rental market.

How does ZIP 48034 compare to the rest of Southfield?

ZIP 48034 is more affordable than Southfield overall. At $1,383/mo, it's $150 below the Southfield citywide median of $1,533/mo.

When was rent data for ZIP 48034 last updated?

Rent data for ZIP 48034 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,383/mo, rent takes ~26% of ZIP 48034's median household income ($62,938/yr). The standard benchmark is 30%.

ZIP 48034 26%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48034 (Southfield, MI)

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