ZIP 48220
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 48220 usually run 1.2% below trend in December and 1.2% above it in July, about $40 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 48220 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 48220 changed +5.6% 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 48220 rose 34.3% while median household income rose 38.2% ($65,024 to $89,881). Income kept ahead of rent.
Rent in ZIP 48220 is 44.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($89,881) is $2,247 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,040).
ZIP 48221, 2 miles away, rents for 21% less ($1,303/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 48220. 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 48220 (Ferndale, MI) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 54.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 48220 in Ferndale, MI has changed in 5 years
Across the past five years, the going rent in ZIP 48220 in Ferndale, MI has shifted from $1,253 to $1,654, up 32.0% since 2021. Local incomes tracked alongside that move, going from a median of $74,090 in 2021 to $89,881 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 48220 in Ferndale, MI losing about 332 residents over the five-year window, down 1.5% on net. The renter share has eased from 38.2% to 36.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.4% to 54.4% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 48220 in Ferndale, MI market of 2021.
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Tips for renters in ZIP 48220
Last updated: October 17, 2026
ZIP code 48220 covers Ferndale, MI. The median rent here is $1,654/mo as of October 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,540/mo.
At 22% of local median household income ($89,881/yr), ZIP 48220 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.
Frequently asked questions
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How does ZIP 48220 compare to other ZIPs in Michigan?
How does ZIP 48220 compare to the rest of Ferndale?
At $1,654/mo, rent takes ~22% of ZIP 48220's median household income ($89,881/yr). The standard benchmark is 30%.
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