ZIP Code · MI

ZIP 48076

Pop. 25,405·Oakland County·53rd most expensive ZIP in Michigan
Median rent (all units)
$1,656/mo
Year-over-Year
+2.4%
Month-over-Month
+0.2%
vs US Median
-$276
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 48076 · $1,656
More affordable than 61% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,220
1 BR
$1,350
2 BR
$1,700
3 BR
$2,080
4 BR+
$2,250
Research median
$1,700/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

Compared with the peak

Rent in ZIP 48076 is 0.4% below its high of $1,662 in May 2026, at $1,656 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48076 changed +2.4% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($90,058) is $2,251 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,250).

Cheaper nearby

ZIP 48034, 3 miles away, rents for 11% less ($1,473/mo), about $2,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48076. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$19,872/yr
At $1,656/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.4% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48076 (Lathrup Village, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 45.7% of residents hold a bachelor's degree or higher.

Population
25,405
Median income
$90,058
Median age
45
Renters
26.4%
Age distribution
17.7%
21.9%
25%
14.1%
21.3%
Under 1817.7%
18–3421.9%
35–5425%
55–6414.1%
65+21.3%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
29.6%
61.2%
White29.6%
Black61.2%
Hispanic2.4%
Asian2.1%
Other4.7%
Education (25+)
16.6%
32.2%
45.7%
No HS diploma5.5%
HS diploma16.6%
Some college32.2%
Bachelor's+45.7%
Housing tenure
73.6%
26.4%
Owner73.6%
Renter26.4%

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

2023 vs 2026

How ZIP 48076 in Lathrup Village, MI has changed in 5 years

Rent
$1,467 → $1,656
up 12.9%
Income
$74,986 → $90,058
up 20.1%
Population
24,069 → 25,405
up 5.6%
Renter share
28.6% → 26.4%
-2.2 pts
Bachelor's+
45.2% → 45.7%
+0.5 pts

Across the past five years, the going rent in ZIP 48076 in Lathrup Village, MI has shifted from $1,467 to $1,656, up 12.9% since 2023. Median household income climbed from $74,986 to $90,058 between 2021 and 2024, a 20.1% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 48076 in Lathrup Village, MI adding about 1,336 residents over the five-year window, up 5.6% on net. The renter share has eased from 28.6% to 26.4%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 48076 in Lathrup Village, 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.

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About renting in ZIP 48076

Last updated: October 17, 2026

ZIP code 48076 covers Lathrup Village, MI. The median rent here is $1,656/mo as of October 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,700/mo.

At 22% of local median household income ($90,058/yr), ZIP 48076 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48076?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,656/mo in ZIP 48076. The local median household income is $90,058/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48076?

Rent in ZIP 48076 has risen 2.4% over the past year as of September 2026. It sits 0.4% below its high of $1,662 in May 2026.

How does ZIP 48076 compare to other ZIPs in Michigan?

ZIP 48076 is one of the pricier among Michigan ZIP codes for rent, ranking #53 of 168 at $1,656/mo. Over the year to September 2026, rent in ZIP 48076 changed +2.4%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.
Income Affordability
22%
VERY AFFORDABLE

At $1,656/mo, rent takes ~22% of ZIP 48076's median household income ($90,058/yr). The standard benchmark is 30%.

ZIP 48076 22%Benchmark 30%
State income tax4.25%
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Public schools near ZIP 48076 (Lathrup Village, MI)

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