ZIP Code · MI

ZIP 48206

Part of Detroit, MI

Pop. 15,227·Wayne County·135th most expensive ZIP in Michigan

Median rent (all units)

$1,227/mo

Year-over-Year

+9.2%

Month-over-Month

-0.2%

vs US Median

-$705

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48206 · $1,227

More affordable than 90% of US ZIP codes · National median $1,932/mo

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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

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 48206 is 0.2% below its high of $1,229 in August 2026, at $1,227 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48206 changed +9.2% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($45,046) is $1,126 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,110); a 3-bedroom is $1,360.

Rank in Detroit

5th cheapest of 18 ZIP codes in Detroit.

Cheaper nearby

ZIP 48209, 5 miles away, rents for 24% less ($934/mo), about $3,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48206. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,724/yr

At $1,227/mo median

Location

CityDetroit

StateMI

CountyWayne County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.2% YoY, -0.2% 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

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Local insights

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About renting in ZIP 48206

Last updated: October 17, 2026

ZIP code 48206 covers Detroit, MI. The median rent here is $1,227/mo as of October 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 increased 9.2% over the past year.

FAQ

Frequently asked questions

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 $49,000/year (about $24/hour full-time) to afford the median rent of $1,227/mo in ZIP 48206. The local median household income is $45,046/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 48206?

Rent in ZIP 48206 has risen 9.2% over the past year as of September 2026. It sits 0.2% below its high of $1,229 in August 2026.

How does ZIP 48206 compare to other ZIPs in Michigan?

ZIP 48206 is one of the more affordable among Michigan ZIP codes for rent, ranking #135 of 168 at $1,227/mo. Over the year to September 2026, rent in ZIP 48206 changed +9.2%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.