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ZIP Code · MI

ZIP 48237

Part of Oak Park, MI
Pop. 29,318·Oakland County·82nd most expensive ZIP in Michigan
Median rent (all units)
$1,445/mo
Year-over-Year
-1.1%
Month-over-Month
-0.2%
vs US Median
-$520
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 48237 · $1,445
More affordable than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,320
2 BR
$1,660
3 BR
$2,030
4 BR+
$2,200
Research median
$1,660/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
$17,340/yr
At $1,445/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.1% YoY, -0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48237 (Oak Park, MI) is majority owner-occupied, 37.1% of residents hold a bachelor's degree or higher.

Population
29,318
Median income
$71,510
Median age
38.1
Renters
36.7%
Age distribution
19.4%
25.5%
26.6%
17.4%
Under 1819.4%
18–3425.5%
35–5426.6%
55–6411%
65+17.4%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
36.4%
52.7%
White36.4%
Black52.7%
Hispanic1.8%
Asian2.7%
Other6.4%
Education (25+)
19.7%
37.5%
37.1%
No HS diploma5.7%
HS diploma19.7%
Some college37.5%
Bachelor's+37.1%
Housing tenure
63.3%
36.7%
Owner63.3%
Renter36.7%

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

2021 vs 2026

How ZIP 48237 in Oak Park, MI has changed in 5 years

Income
$58,700 → $71,510
up 21.8%
Population
29,677 → 29,318
down 1.2%
Renter share
41.3% → 36.7%
-4.6 pts
Bachelor's+
35.8% → 37.1%
+1.3 pts

Local incomes tracked alongside that move, going from a median of $58,700 in 2021 to $71,510 more recently. Census counts show ZIP 48237 in Oak Park, MI losing about 359 residents over the five-year window, down 1.2% on net. The renter share has eased from 41.3% to 36.7%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 48237

About renting in ZIP 48237

Last updated: July 20, 2026

ZIP code 48237 covers Oak Park, MI. The median rent here is $1,445/mo as of July 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,660/mo.

At 24% of local median household income ($71,510/yr), ZIP 48237 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48237?

As of July 20, 2026, the median monthly rent in ZIP 48237 (Oak Park, MI) is $1,445. This is based on aggregated data from public sources and community submissions.

How does ZIP 48237 rent compare to the US average?

ZIP 48237's median rent of $1,445/mo is $520 (26%) below the US national median of $1,965/mo.

How does ZIP 48237 compare to other ZIPs in Michigan?

ZIP 48237 falls in the middle range for Michigan, ranking #82 out of 165 ZIPs at $1,445/mo.

How much income do you need to rent in ZIP 48237?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,445/mo in ZIP 48237. The local median household income is $71,510/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48237?

Rent in ZIP 48237 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 48237 an affordable place to rent?

ZIP 48237 is considered very affordable for renters. At $1,445/mo, rent takes approximately 24% of the local median household income ($71,510/yr). The standard benchmark is 30%. ZIP 48237 falls comfortably within that range.

What percentage of ZIP 48237 residents rent vs. own?

According to Census data, approximately 36.7% of ZIP 48237 households are renters, while 63.3% are owner-occupied. ZIP 48237 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48237 compare to the rest of Oak Park?

ZIP 48237 sits right at the Oak Park citywide median of $1,445/mo.

When was rent data for ZIP 48237 last updated?

Rent data for ZIP 48237 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,445/mo, rent takes ~24% of ZIP 48237's median household income ($71,510/yr). The standard benchmark is 30%.

ZIP 48237 24%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48237 (Oak Park, MI)

Recent submissions

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