RentDataNowRentDataNow
ZIP Code · MI

ZIP 48206

Part of Detroit, MI
Pop. 15,227·Wayne County·133rd most expensive ZIP in Michigan
Median rent (all units)
$1,239/mo
Year-over-Year
-3.0%
Month-over-Month
-1.0%
vs US Median
-$723
Falling (Monthly)
Be the first to discuss 48206 rents ↓
Most AffordableMost Expensive
ZIP 48206 · $1,239
More affordable than 90% of US ZIP codes · National median $1,962/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$790
1 BR
$880
2 BR
$1,110
3 BR
$1,360
4 BR+
$1,470
Research median
$1,110/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost
$14,868/yr
At $1,239/mo median
Location
StateMI
CountyWayne County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.0% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 48206 (Detroit, MI) is roughly split between renters and owners, has a median income below the national average, 24.1% of residents hold a bachelor's degree or higher.

Population
15,227
Median income
$45,046
Median age
41.3
Renters
46.4%
Age distribution
20%
23.3%
27%
15.3%
14.5%
Under 1820%
18–3423.3%
35–5427%
55–6415.3%
65+14.5%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
12.4%
80.7%
White12.4%
Black80.7%
Hispanic3.2%
Asian0.6%
Other3%
Education (25+)
28.8%
35.8%
24.1%
No HS diploma11.3%
HS diploma28.8%
Some college35.8%
Bachelor's+24.1%
Housing tenure
53.6%
46.4%
Owner53.6%
Renter46.4%

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

2021 vs 2026

How ZIP 48206 in Detroit, MI has changed in 5 years

Income
$32,200 → $45,046
up 39.9%
Population
15,271 → 15,227
down 0.3%
Renter share
49.2% → 46.4%
-2.8 pts
Bachelor's+
20.4% → 24.1%
+3.7 pts

Census figures show median household income at $45,046 today, compared with $32,200 five years earlier. About 46.4% of households rent today, against 49.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.4% to 24.1%.

Community

Discussions about ZIP 48206

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 48206

About renting in ZIP 48206

Last updated: August 17, 2026

ZIP code 48206 covers Detroit, MI. The median rent here is $1,239/mo as of August 2026. A 1-bedroom rents for a median of $880/mo. A 2-bedroom rents for a median of $1,110/mo.

At 33% of local median household income ($45,046/yr), ZIP 48206 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48206?

As of August 17, 2026, the median monthly rent in ZIP 48206 (Detroit, MI) is $1,239. This is based on aggregated data from public sources and community submissions.

How does ZIP 48206 rent compare to the US average?

ZIP 48206's median rent of $1,239/mo is $723 (37%) below the US national median of $1,962/mo.

How does ZIP 48206 compare to other ZIPs in Michigan?

ZIP 48206 is among the more affordable ZIP codes in Michigan, ranking #133 out of 170 ZIPs at $1,239/mo.

How much income do you need to rent in ZIP 48206?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,239/mo in ZIP 48206. The local median household income is $45,046/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 48206?

Rent in ZIP 48206 has decreased 3.0% over the past year as of August 17, 2026, offering some relief compared to 12 months ago.

Is ZIP 48206 an affordable place to rent?

ZIP 48206 is considered moderate for renters. At $1,239/mo, rent takes approximately 33% of the local median household income ($45,046/yr). The standard benchmark is 30%. ZIP 48206 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 48206 residents rent vs. own?

According to Census data, approximately 46.4% of ZIP 48206 households are renters, while 53.6% are owner-occupied. ZIP 48206 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48206 compare to the rest of Detroit?

ZIP 48206 is more affordable than Detroit overall. At $1,239/mo, it's $108 below the Detroit citywide median of $1,347/mo.

When was rent data for ZIP 48206 last updated?

Rent data for ZIP 48206 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,239/mo, rent takes ~33% of ZIP 48206's median household income ($45,046/yr). The standard benchmark is 30%.

ZIP 48206 33%Benchmark 30%
State income tax4.25%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 48206 (Detroit, MI)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google