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ZIP Code · MI

ZIP 48162

Part of Monroe, MI
Pop. 28,156·Monroe County·136th most expensive ZIP in Michigan
Median rent (all units)
$1,211/mo
Year-over-Year
Stable
Month-over-Month
-4.2%
vs US Median
-$754
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48162 · $1,211
More affordable than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$920
2 BR
$1,210
3 BR
$1,460
4 BR+
$1,960
Research median
$1,210/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
$14,532/yr
At $1,211/mo median
Location
CityMonroe
StateMI
CountyMonroe County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -4.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48162 (Monroe, MI) is majority owner-occupied, has a large retiree population, 22.5% of residents hold a bachelor's degree or higher.

Population
28,156
Median income
$67,876
Median age
43.9
Renters
23.4%
Age distribution
19.3%
20.7%
24.2%
14%
21.9%
Under 1819.3%
18–3420.7%
35–5424.2%
55–6414%
65+21.9%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
89.9%
White89.9%
Black3.2%
Hispanic3.1%
Asian0.6%
Other3.2%
Education (25+)
32.6%
35.5%
22.5%
No HS diploma9.5%
HS diploma32.6%
Some college35.5%
Bachelor's+22.5%
Housing tenure
76.6%
23.4%
Owner76.6%
Renter23.4%

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

2021 vs 2026

How ZIP 48162 in Monroe, MI has changed in 5 years

Income
$64,423 → $67,876
up 5.4%
Population
28,647 → 28,156
down 1.7%
Renter share
26% → 23.4%
-2.6 pts
Bachelor's+
22.1% → 22.5%
+0.4 pts

Median household income climbed from $64,423 to $67,876 between 2021 and 2024, a 5.4% shift. Census counts show ZIP 48162 in Monroe, MI losing about 491 residents over the five-year window, down 1.7% on net. The renter share has eased from 26% to 23.4%, with owner-occupied housing accounting for the remainder.

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Local insights

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About renting in ZIP 48162

Last updated: July 20, 2026

ZIP code 48162 covers Monroe, MI. The median rent here is $1,211/mo as of July 2026. A 1-bedroom rents for a median of $920/mo. A 2-bedroom rents for a median of $1,210/mo.

At 21% of local median household income ($67,876/yr), ZIP 48162 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48162?

As of July 20, 2026, the median monthly rent in ZIP 48162 (Monroe, MI) is $1,211. This is based on aggregated data from public sources and community submissions.

How does ZIP 48162 rent compare to the US average?

ZIP 48162's median rent of $1,211/mo is $754 (38%) below the US national median of $1,965/mo.

How does ZIP 48162 compare to other ZIPs in Michigan?

ZIP 48162 is among the more affordable ZIP codes in Michigan, ranking #136 out of 165 ZIPs at $1,211/mo.

How much income do you need to rent in ZIP 48162?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,211/mo in ZIP 48162. The local median household income is $67,876/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48162?

Rent in ZIP 48162 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 48162 an affordable place to rent?

ZIP 48162 is considered very affordable for renters. At $1,211/mo, rent takes approximately 21% of the local median household income ($67,876/yr). The standard benchmark is 30%. ZIP 48162 falls comfortably within that range.

What percentage of ZIP 48162 residents rent vs. own?

According to Census data, approximately 23.4% of ZIP 48162 households are renters, while 76.6% are owner-occupied. ZIP 48162 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48162 compare to the rest of Monroe?

ZIP 48162 is pricier than Monroe as a whole. At $1,211/mo, it's $58 above the Monroe citywide median of $1,153/mo.

When was rent data for ZIP 48162 last updated?

Rent data for ZIP 48162 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,211/mo, rent takes ~21% of ZIP 48162's median household income ($67,876/yr). The standard benchmark is 30%.

ZIP 48162 21%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48162 (Monroe, MI)

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