ZIP Code · MI

ZIP 48071

Pop. 28,419·Oakland County·68th most expensive ZIP in Michigan
Median rent (all units)
$1,565/mo
Year-over-Year
+3.0%
Month-over-Month
+0.7%
vs US Median
-$367
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48071 · $1,565
More affordable than 68% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,100
2 BR
$1,380
3 BR
$1,690
4 BR+
$1,830
Research median
$1,380/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

Cheapest month to sign

December. Asking rents in ZIP 48071 usually run 0.6% below trend in December and 0.7% above it in July, about $20 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 48071 is at its highest level since Zillow's records here began in March 2016.

Past year vs. the rest of Michigan

Rent in ZIP 48071 changed +3.0% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 48071 rose 31.8% while median household income rose 30.1% ($53,439 to $69,503). Rent outpaced income.

Since before the pandemic

Rent in ZIP 48071 is 40.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($69,503) is $1,738 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,690); a 4-bedroom is $1,830.

Cheaper nearby

ZIP 48091, 4 miles away, rents for 12% less ($1,380/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48071. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,780/yr
At $1,565/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.0% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 48071 (Madison Heights, MI) is majority owner-occupied, 33.9% of residents hold a bachelor's degree or higher.

Population
28,419
Median income
$69,503
Median age
39
Renters
35.2%
Age distribution
14.8%
29.2%
24.4%
12.9%
18.8%
Under 1814.8%
18–3429.2%
35–5424.4%
55–6412.9%
65+18.8%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
78.9%
White78.9%
Black7.8%
Hispanic2.2%
Asian6.5%
Other4.6%
Education (25+)
26.8%
29.8%
33.9%
No HS diploma9.6%
HS diploma26.8%
Some college29.8%
Bachelor's+33.9%
Housing tenure
64.8%
35.2%
Owner64.8%
Renter35.2%

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

2021 vs 2026

How ZIP 48071 in Madison Heights, MI has changed in 5 years

Rent
$1,213 → $1,565
up 29.0%
Income
$58,537 → $69,503
up 18.7%
Population
28,719 → 28,419
down 1.0%
Renter share
38.3% → 35.2%
-3.1 pts
Bachelor's+
30.1% → 33.9%
+3.8 pts
Median age
41 → 39
-2.0 yrs

Rent in ZIP 48071 in Madison Heights, MI has increased 29.0% since 2021, going from about $1,213 per month to roughly $1,565 today. Census figures show median household income at $69,503 today, compared with $58,537 five years earlier. Rent outpaced income growth by roughly 10.3 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 28,719 to 28,419 between 2021 and 2024, a 1.0% change. About 35.2% of households rent today, against 38.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.1% to 33.9%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 48071

Last updated: October 17, 2026

ZIP code 48071 covers Madison Heights, MI. The median rent here is $1,565/mo as of October 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,380/mo.

At 27% of local median household income ($69,503/yr), ZIP 48071 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48071?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,565/mo in ZIP 48071. The local median household income is $69,503/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48071?

Rent in ZIP 48071 has risen 3.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2016.

When is the cheapest time to rent in ZIP 48071?

Asking rents in ZIP 48071 are usually lowest in December, about 0.6% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $20 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 48071?

Yes. From 2019 to 2024, rent in ZIP 48071 rose 31.8% while median household income rose 30.1%, from $53,439 to $69,503. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 48071 compare to other ZIPs in Michigan?

ZIP 48071 is in the middle among Michigan ZIP codes for rent, ranking #68 of 168 at $1,565/mo. Over the year to September 2026, rent in ZIP 48071 changed +3.0%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.

How does ZIP 48071 compare to the rest of Madison Heights?

ZIP 48071 sits right at the Madison Heights citywide median of $1,565/mo.
Income Affordability
27%
AFFORDABLE

At $1,565/mo, rent takes ~27% of ZIP 48071's median household income ($69,503/yr). The standard benchmark is 30%.

ZIP 48071 27%Benchmark 30%
State income tax4.25%
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Public schools near ZIP 48071 (Madison Heights, MI)

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