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ZIP Code · MI

ZIP 48067

Pop. 24,868·Oakland County·4th most expensive ZIP in Michigan
Median rent (all units)
$2,266/mo
Year-over-Year
+3.9%
Month-over-Month
+2.3%
vs US Median
+$301
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48067 · $2,266
More expensive than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,270
1 BR
$1,410
2 BR
$1,770
3 BR
$2,160
4 BR+
$2,340
Research median
$1,770/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
$27,192/yr
At $2,266/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.9% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 48067 (Royal Oak, MI) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 68.7% of residents hold a bachelor's degree or higher.

Population
24,868
Median income
$112,840
Median age
35.5
Renters
32.5%
Age distribution
13.1%
36%
26.3%
14.2%
Under 1813.1%
18–3436%
35–5426.3%
55–6410.5%
65+14.2%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
83.7%
White83.7%
Black3.3%
Hispanic7.2%
Asian3.3%
Other2.5%
Education (25+)
20%
68.7%
No HS diploma2.7%
HS diploma8.6%
Some college20%
Bachelor's+68.7%
Housing tenure
67.5%
32.5%
Owner67.5%
Renter32.5%

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

2021 vs 2026

How ZIP 48067 in Royal Oak, MI has changed in 5 years

Rent
$1,641 → $2,266
up 38.1%
Income
$93,902 → $112,840
up 20.2%
Population
24,107 → 24,868
up 3.2%
Renter share
32.1% → 32.5%
+0.4 pts
Bachelor's+
64.8% → 68.7%
+3.9 pts

Rent in ZIP 48067 in Royal Oak, MI has climbed 38.1% since 2021, going from about $1,641 per month to roughly $2,266 today. Median household income grew from $93,902 to $112,840 between 2021 and 2024, a 20.2% shift. Rent outpaced income growth by roughly 17.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 24,107 to 24,868 between 2021 and 2024, a 3.2% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 64.8% to 68.7%. Taken together, the five-year picture in ZIP 48067 in Royal Oak, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

Tips for renters in ZIP 48067

About renting in ZIP 48067

Last updated: July 20, 2026

ZIP code 48067 covers Royal Oak, MI. The median rent here is $2,266/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,770/mo.

At 24% of local median household income ($112,840/yr), ZIP 48067 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48067?

As of July 20, 2026, the median monthly rent in ZIP 48067 (Royal Oak, MI) is $2,266. This is based on aggregated data from public sources and community submissions.

How does ZIP 48067 rent compare to the US average?

ZIP 48067's median rent of $2,266/mo is $301 (15%) above the US national median of $1,965/mo.

How does ZIP 48067 compare to other ZIPs in Michigan?

ZIP 48067 is one of the pricier ZIP codes in Michigan, ranking #4 out of 165 ZIPs tracked at $2,266/mo.

How much income do you need to rent in ZIP 48067?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,266/mo in ZIP 48067. The local median household income is $112,840/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48067?

Rent in ZIP 48067 has increased 3.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48067 an affordable place to rent?

ZIP 48067 is considered very affordable for renters. At $2,266/mo, rent takes approximately 24% of the local median household income ($112,840/yr). The standard benchmark is 30%. ZIP 48067 falls comfortably within that range.

What percentage of ZIP 48067 residents rent vs. own?

According to Census data, approximately 32.5% of ZIP 48067 households are renters, while 67.5% are owner-occupied. ZIP 48067 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48067 compare to the rest of Royal Oak?

ZIP 48067 is pricier than Royal Oak as a whole. At $2,266/mo, it's $116 above the Royal Oak citywide median of $2,150/mo.

When was rent data for ZIP 48067 last updated?

Rent data for ZIP 48067 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,266/mo, rent takes ~24% of ZIP 48067's median household income ($112,840/yr). The standard benchmark is 30%.

ZIP 48067 24%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48067 (Royal Oak, MI)

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