ZIP Code · MI

ZIP 48237

Part of Oak Park, MI

Pop. 29,318·Oakland County·75th most expensive ZIP in Michigan

Median rent (all units)

$1,540/mo

Year-over-Year

+2.0%

Month-over-Month

-0.3%

vs US Median

-$392

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48237 · $1,540

More affordable than 70% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 48237 is 0.3% below its high of $1,545 in August 2026, at $1,540 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48237 changed +2.1% 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 8 of the last 12 months.

What a typical income covers

30% of the median household income ($71,510) is $1,788 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,660); a 3-bedroom is $2,030.

Cheaper nearby

ZIP 48235, 3 miles away, rents for 11% less ($1,367/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48237. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,480/yr

At $1,540/mo median

Location

CityOak Park

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 (+2.0% YoY, -0.3% 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

2022 vs 2026

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

Rent

$1,351 → $1,540

up 14.0%

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

Across the past five years, the going rent in ZIP 48237 in Oak Park, MI has shifted from $1,351 to $1,540, up 14.0% since 2022. Local incomes tracked alongside that move, going from a median of $58,700 in 2021 to $71,510 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. 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. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 48237 in Oak Park, MI market of 2022.

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About renting in ZIP 48237

Last updated: October 17, 2026

ZIP code 48237 covers Oak Park, MI. The median rent here is $1,540/mo as of October 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,660/mo.

At 26% of local median household income ($71,510/yr), ZIP 48237 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

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 $62,000/year (about $30/hour full-time) to afford the median rent of $1,540/mo in ZIP 48237. The local median household income is $71,510/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48237?

Rent in ZIP 48237 has risen 2.0% over the past year as of September 2026. It sits 0.3% below its high of $1,545 in August 2026.

How does ZIP 48237 compare to other ZIPs in Michigan?

ZIP 48237 is in the middle among Michigan ZIP codes for rent, ranking #75 of 168 at $1,540/mo. Over the year to September 2026, rent in ZIP 48237 changed +2.1%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.