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ZIP Code · MI

ZIP 48071

Pop. 28,419·Oakland County·74th most expensive ZIP in Michigan
Median rent (all units)
$1,496/mo
Year-over-Year
-4.8%
Month-over-Month
-4.7%
vs US Median
-$469
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48071 · $1,496
More affordable than 74% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$17,952/yr
At $1,496/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.8% YoY, -4.7% 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
$1,230 → $1,496
up 21.6%
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 21.6% since 2021, going from about $1,230 per month to roughly $1,496 today. Census figures show median household income at $69,503 today, compared with $58,537 five years earlier. 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.

Community

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Local insights

Tips for renters in ZIP 48071

About renting in ZIP 48071

Last updated: July 20, 2026

ZIP code 48071 covers Madison Heights, MI. The median rent here is $1,496/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,380/mo.

At 26% of local median household income ($69,503/yr), ZIP 48071 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48071?

As of July 20, 2026, the median monthly rent in ZIP 48071 (Madison Heights, MI) is $1,496. This is based on aggregated data from public sources and community submissions.

How does ZIP 48071 rent compare to the US average?

ZIP 48071's median rent of $1,496/mo is $469 (24%) below the US national median of $1,965/mo.

How does ZIP 48071 compare to other ZIPs in Michigan?

ZIP 48071 falls in the middle range for Michigan, ranking #74 out of 165 ZIPs at $1,496/mo.

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 $60,000/year (~$29/hour full-time) to afford the median rent of $1,496/mo in ZIP 48071. The local median household income is $69,503/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48071?

Rent in ZIP 48071 has decreased 4.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 48071 an affordable place to rent?

ZIP 48071 is considered affordable for renters. At $1,496/mo, rent takes approximately 26% of the local median household income ($69,503/yr). The standard benchmark is 30%. ZIP 48071 falls comfortably within that range.

What percentage of ZIP 48071 residents rent vs. own?

According to Census data, approximately 35.2% of ZIP 48071 households are renters, while 64.8% are owner-occupied. ZIP 48071 leans toward homeownership, which can mean a smaller rental inventory.

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

ZIP 48071 sits right at the Madison Heights citywide median of $1,496/mo.

When was rent data for ZIP 48071 last updated?

Rent data for ZIP 48071 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,496/mo, rent takes ~26% of ZIP 48071's median household income ($69,503/yr). The standard benchmark is 30%.

ZIP 48071 26%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48071 (Madison Heights, MI)

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