ZIP Code · MI

ZIP 48047

Part of Chesterfield, MI

Pop. 40,302·Macomb County·25th most expensive ZIP in Michigan

Median rent (all units)

$1,875/mo

Year-over-Year

+4.8%

Month-over-Month

+0.1%

vs US Median

-$57

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48047 · $1,875

More expensive than 54% 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

$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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Michigan

Rent in ZIP 48047 changed +4.8% 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($94,890) is $2,372 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,720).

Cheaper nearby

ZIP 48045, 6 miles away, rents for 30% less ($1,307/mo), about $6,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48047. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,500/yr

At $1,875/mo median

Location

CityChesterfield

StateMI

CountyMacomb County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, +0.1% 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

Discussions about ZIP 48047

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Local insights

Tips for renters in ZIP 48047

About renting in ZIP 48047

Last updated: October 17, 2026

ZIP code 48047 covers Chesterfield, MI. The median rent here is $1,875/mo as of October 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,300/mo.

At 24% of local median household income ($94,890/yr), ZIP 48047 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

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 $75,000/year (about $36/hour full-time) to afford the median rent of $1,875/mo in ZIP 48047. The local median household income is $94,890/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48047?

Rent in ZIP 48047 has risen 4.8% over the past year.

How does ZIP 48047 compare to other ZIPs in Michigan?

ZIP 48047 is one of the pricier among Michigan ZIP codes for rent, ranking #25 of 168 at $1,875/mo. Over the year to September 2026, rent in ZIP 48047 changed +4.8%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.