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ZIP Code · MI

ZIP 48304

Pop. 17,387·Oakland County·3rd most expensive ZIP in Michigan
Median rent (all units)
$2,558/mo
Year-over-Year
Stable
Month-over-Month
+25.8%
vs US Median
+$593
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48304 · $2,558
More expensive than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,490
2 BR
$1,880
3 BR
$2,300
4 BR+
$2,490
Research median
$1,880/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
$30,696/yr
At $2,558/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +25.8% MoM), not inventory.
Demographics

Who lives here

ZIP 48304 (Bloomfield Hills, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 75.7% of residents hold a bachelor's degree or higher.

Population
17,387
Median income
$143,204
Median age
49
Renters
11.3%
Age distribution
22%
12.5%
24.1%
15.4%
26%
Under 1822%
18–3412.5%
35–5424.1%
55–6415.4%
65+26%
Gender
45.7%
54.3%
Male45.7%
Female54.3%
Race & ethnicity
76%
White76%
Black5%
Hispanic1.7%
Asian11.6%
Other5.7%
Education (25+)
15%
75.7%
No HS diploma1.7%
HS diploma7.6%
Some college15%
Bachelor's+75.7%
Housing tenure
88.7%
Owner88.7%
Renter11.3%

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

2021 vs 2026

How ZIP 48304 in Bloomfield Hills, MI has changed in 5 years

Income
$131,270 → $143,204
up 9.1%
Population
16,963 → 17,387
up 2.5%
Renter share
8.7% → 11.3%
+2.6 pts
Bachelor's+
71.7% → 75.7%
+4.0 pts
Median age
51.5 → 49
-2.5 yrs

Median household income grew from $131,270 to $143,204 between 2021 and 2024, a 9.1% shift. Headcount in the area went from 16,963 to 17,387 between 2021 and 2024, a 2.5% change. About 11.3% of households rent today, against 8.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 71.7% to 75.7%.

Community

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Local insights

Tips for renters in ZIP 48304

About renting in ZIP 48304

Last updated: July 20, 2026

ZIP code 48304 covers Bloomfield Hills, MI. The median rent here is $2,558/mo as of July 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,880/mo.

At 21% of local median household income ($143,204/yr), ZIP 48304 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48304?

As of July 20, 2026, the median monthly rent in ZIP 48304 (Bloomfield Hills, MI) is $2,558. This is based on aggregated data from public sources and community submissions.

How does ZIP 48304 rent compare to the US average?

ZIP 48304's median rent of $2,558/mo is $593 (30%) above the US national median of $1,965/mo.

How does ZIP 48304 compare to other ZIPs in Michigan?

ZIP 48304 is one of the pricier ZIP codes in Michigan, ranking #3 out of 165 ZIPs tracked at $2,558/mo.

How much income do you need to rent in ZIP 48304?

To keep rent at or below 30% of gross income, you would need to earn at least $102,000/year (~$49/hour full-time) to afford the median rent of $2,558/mo in ZIP 48304. The local median household income is $143,204/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48304?

Rent in ZIP 48304 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 48304 an affordable place to rent?

ZIP 48304 is considered very affordable for renters. At $2,558/mo, rent takes approximately 21% of the local median household income ($143,204/yr). The standard benchmark is 30%. ZIP 48304 falls comfortably within that range.

What percentage of ZIP 48304 residents rent vs. own?

According to Census data, approximately 11.3% of ZIP 48304 households are renters, while 88.7% are owner-occupied. ZIP 48304 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48304 compare to the rest of Bloomfield Hills?

ZIP 48304 is pricier than Bloomfield Hills as a whole. At $2,558/mo, it's $323 above the Bloomfield Hills citywide median of $2,235/mo.

When was rent data for ZIP 48304 last updated?

Rent data for ZIP 48304 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,558/mo, rent takes ~21% of ZIP 48304's median household income ($143,204/yr). The standard benchmark is 30%.

ZIP 48304 21%Benchmark 30%
State income tax4.25%
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Schools nearby

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