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ZIP Code · MI

ZIP 48220

Part of Ferndale, MI
Pop. 21,527·Oakland County·43rd most expensive ZIP in Michigan
Median rent (all units)
$1,756/mo
Year-over-Year
+6.9%
Month-over-Month
-1.0%
vs US Median
-$209
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48220 · $1,756
More affordable than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,220
2 BR
$1,540
3 BR
$1,880
4 BR+
$2,040
Research median
$1,540/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
$21,072/yr
At $1,756/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.9% YoY, -1.0% MoM), not inventory.
Demographics

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.

Population
21,527
Median income
$89,881
Median age
36.9
Renters
36.3%
Age distribution
33%
33.2%
12.2%
Under 1811.8%
18–3433%
35–5433.2%
55–649.8%
65+12.2%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
72.9%
15.9%
White72.9%
Black15.9%
Hispanic4.2%
Asian2.8%
Other4.1%
Education (25+)
16.8%
25.1%
54.4%
No HS diploma3.7%
HS diploma16.8%
Some college25.1%
Bachelor's+54.4%
Housing tenure
63.7%
36.3%
Owner63.7%
Renter36.3%

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

2021 vs 2026

How ZIP 48220 in Ferndale, MI has changed in 5 years

Rent
$1,323 → $1,756
up 32.7%
Income
$74,090 → $89,881
up 21.3%
Population
21,859 → 21,527
down 1.5%
Renter share
38.2% → 36.3%
-1.9 pts
Bachelor's+
49.4% → 54.4%
+5.0 pts
Median age
34.8 → 36.9
+2.1 yrs

Across the past five years, the going rent in ZIP 48220 in Ferndale, MI has shifted from $1,323 to $1,756, up 32.7% 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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Local insights

Tips for renters in ZIP 48220

About renting in ZIP 48220

Last updated: July 20, 2026

ZIP code 48220 covers Ferndale, MI. The median rent here is $1,756/mo as of July 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,540/mo.

At 23% of local median household income ($89,881/yr), ZIP 48220 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48220?

As of July 20, 2026, the median monthly rent in ZIP 48220 (Ferndale, MI) is $1,756. This is based on aggregated data from public sources and community submissions.

How does ZIP 48220 rent compare to the US average?

ZIP 48220's median rent of $1,756/mo is $209 (11%) below the US national median of $1,965/mo.

How does ZIP 48220 compare to other ZIPs in Michigan?

ZIP 48220 is one of the pricier ZIP codes in Michigan, ranking #43 out of 165 ZIPs tracked at $1,756/mo.

How much income do you need to rent in ZIP 48220?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,756/mo in ZIP 48220. The local median household income is $89,881/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48220?

Rent in ZIP 48220 has increased 6.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48220 an affordable place to rent?

ZIP 48220 is considered very affordable for renters. At $1,756/mo, rent takes approximately 23% of the local median household income ($89,881/yr). The standard benchmark is 30%. ZIP 48220 falls comfortably within that range.

What percentage of ZIP 48220 residents rent vs. own?

According to Census data, approximately 36.3% of ZIP 48220 households are renters, while 63.7% are owner-occupied. ZIP 48220 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48220 compare to the rest of Ferndale?

ZIP 48220 is pricier than Ferndale as a whole. At $1,756/mo, it's $9 above the Ferndale citywide median of $1,747/mo.

When was rent data for ZIP 48220 last updated?

Rent data for ZIP 48220 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,756/mo, rent takes ~23% of ZIP 48220's median household income ($89,881/yr). The standard benchmark is 30%.

ZIP 48220 23%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48220 (Ferndale, MI)

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