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ZIP Code · MI

ZIP 48047

Pop. 40,302·Macomb County·37th most expensive ZIP in Michigan
Median rent (all units)
$1,793/mo
Year-over-Year
+11.8%
Month-over-Month
-3.2%
vs US Median
-$172
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48047 · $1,793
More affordable than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$930
1 BR
$1,030
2 BR
$1,300
3 BR
$1,590
4 BR+
$1,720
Research median
$1,300/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
$21,516/yr
At $1,793/mo median
Location
StateMI
CountyMacomb County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+11.8% YoY, -3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48047 (Chesterfield, MI) is majority owner-occupied, has a median income above the national average, 29.6% of residents hold a bachelor's degree or higher.

Population
40,302
Median income
$94,890
Median age
43.6
Renters
18.5%
Age distribution
20.3%
19.9%
25.6%
16.5%
17.8%
Under 1820.3%
18–3419.9%
35–5425.6%
55–6416.5%
65+17.8%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
86%
White86%
Black4.8%
Hispanic3.6%
Asian2%
Other3.7%
Education (25+)
27.1%
37.9%
29.6%
No HS diploma5.4%
HS diploma27.1%
Some college37.9%
Bachelor's+29.6%
Housing tenure
81.5%
18.5%
Owner81.5%
Renter18.5%

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

2021 vs 2026

How ZIP 48047 in Chesterfield, MI has changed in 5 years

Income
$84,561 → $94,890
up 12.2%
Population
39,642 → 40,302
up 1.7%
Renter share
20.3% → 18.5%
-1.8 pts
Bachelor's+
28.6% → 29.6%
+1.0 pts
Median age
41.9 → 43.6
+1.7 yrs

Household income in the area moved from $84,561 to $94,890 across the same window, up 12.2% versus 2021. Headcount in the area went from 39,642 to 40,302 between 2021 and 2024, a 1.7% change. About 18.5% of households rent today, against 20.3% in 2021.

Community

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Local insights

Tips for renters in ZIP 48047

About renting in ZIP 48047

Last updated: July 20, 2026

ZIP code 48047 covers Chesterfield, MI. The median rent here is $1,793/mo as of July 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,300/mo.

At 23% of local median household income ($94,890/yr), ZIP 48047 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48047?

As of July 20, 2026, the median monthly rent in ZIP 48047 (Chesterfield, MI) is $1,793. This is based on aggregated data from public sources and community submissions.

How does ZIP 48047 rent compare to the US average?

ZIP 48047's median rent of $1,793/mo is $172 (9%) below the US national median of $1,965/mo.

How does ZIP 48047 compare to other ZIPs in Michigan?

ZIP 48047 is one of the pricier ZIP codes in Michigan, ranking #37 out of 165 ZIPs tracked at $1,793/mo.

How much income do you need to rent in ZIP 48047?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,793/mo in ZIP 48047. The local median household income is $94,890/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48047?

Rent in ZIP 48047 has increased 11.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48047 an affordable place to rent?

ZIP 48047 is considered very affordable for renters. At $1,793/mo, rent takes approximately 23% of the local median household income ($94,890/yr). The standard benchmark is 30%. ZIP 48047 falls comfortably within that range.

What percentage of ZIP 48047 residents rent vs. own?

According to Census data, approximately 18.5% of ZIP 48047 households are renters, while 81.5% are owner-occupied. ZIP 48047 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48047 compare to the rest of Chesterfield?

ZIP 48047 is pricier than Chesterfield as a whole. At $1,793/mo, it's $12 above the Chesterfield citywide median of $1,781/mo.

When was rent data for ZIP 48047 last updated?

Rent data for ZIP 48047 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,793/mo, rent takes ~23% of ZIP 48047's median household income ($94,890/yr). The standard benchmark is 30%.

ZIP 48047 23%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48047 (Chesterfield, MI)

Recent submissions

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