ZIP Code · MI

ZIP 48304

Part of Bloomfield Hills, MI

Pop. 17,387·Oakland County·1st most expensive ZIP in Michigan

Median rent (all units)

$2,791/mo

Year-over-Year

Stable

Month-over-Month

-0.2%

vs US Median

+$859

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48304 · $2,791

More expensive than 87% 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

$1,340

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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($143,204) is $3,580 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,490).

Cheaper nearby

ZIP 48084, 4 miles away, rents for 40% less ($1,671/mo), about $13,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48304. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,492/yr

At $2,791/mo median

Location

CityBloomfield Hills

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 (+0.0% YoY, -0.2% 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

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: September 25, 2026

ZIP code 48304 covers Bloomfield Hills, MI. The median rent here is $2,791/mo as of September 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,880/mo.

At 23% 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 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 $112,000/year (about $54/hour full-time) to afford the median rent of $2,791/mo in ZIP 48304. The local median household income is $143,204/yr, so the typical household meets that bar.