ZIP 48073
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 48073 usually run 1.4% below trend in January and 1.3% above it in June, about $46 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 48073 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 48073 changed +4.1% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.
From 2019 to 2024, rent in ZIP 48073 rose 29.7% while median household income rose 16.2% ($78,843 to $91,627). Rent outpaced income.
Rent in ZIP 48073 is 35.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($91,627) is $2,291 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,140).
ZIP 48030, 5 miles away, rents for 11% less ($1,525/mo), about $2,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 48073. 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.
Who lives here
ZIP 48073 (Royal Oak, MI) is majority owner-occupied, has a median income above the national average, 60.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 48073 in Royal Oak, MI has changed in 5 years
Five years ago, renters in ZIP 48073 in Royal Oak, MI paid around $1,326 a month. That figure now sits near $1,711, up 29.0% from the 2021 baseline. Household income in the area moved from $82,049 to $91,627 across the same window, up 11.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 48073 in Royal Oak, MI losing about 1,210 residents over the five-year window, down 3.5% on net. The renter share has eased from 35.8% to 31.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 56.7% to 60.7% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 48073 in Royal Oak, MI look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 48073
Last updated: October 17, 2026
ZIP code 48073 covers Royal Oak, MI. The median rent here is $1,711/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,620/mo.
At 22% of local median household income ($91,627/yr), ZIP 48073 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.
Frequently asked questions
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How does ZIP 48073 compare to other ZIPs in Michigan?
How does ZIP 48073 compare to the rest of Royal Oak?
At $1,711/mo, rent takes ~22% of ZIP 48073's median household income ($91,627/yr). The standard benchmark is 30%.
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