ZIP Code · MI

ZIP 48307

Pop. 44,714·Oakland County·37th most expensive ZIP in Michigan
Median rent (all units)
$1,795/mo
Year-over-Year
Stable
Month-over-Month
-1.2%
vs US Median
-$137
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48307 · $1,795
More affordable than 51% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,440
2 BR
$1,810
3 BR
$2,210
4 BR+
$2,400
Research median
$1,810/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

Cheapest month to sign

January. Asking rents in ZIP 48307 usually run 1.7% below trend in January and 1.6% above it in July, about $59 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 48307 is 1.4% below its high of $1,820 in July 2026, at $1,795 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48307 changed +0.1% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 48307 rose 34.3% while median household income rose 31.3% ($81,180 to $106,576). Rent outpaced income.

Since before the pandemic

Rent in ZIP 48307 is 41.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($106,576) is $2,664 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,400).

Cheaper nearby

ZIP 48317, 4 miles away, rents for 19% less ($1,446/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48307. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$21,540/yr
At $1,795/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.1% YoY, -1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48307 (Rochester Hills, MI) is majority owner-occupied, has a median income above the national average, 58.6% of residents hold a bachelor's degree or higher.

Population
44,714
Median income
$106,576
Median age
39.5
Renters
33%
Age distribution
20.9%
22.4%
27%
12.6%
17%
Under 1820.9%
18–3422.4%
35–5427%
55–6412.6%
65+17%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
71.8%
14.7%
White71.8%
Black4.6%
Hispanic4.2%
Asian14.7%
Other4.7%
Education (25+)
14.5%
23.6%
58.6%
No HS diploma3.3%
HS diploma14.5%
Some college23.6%
Bachelor's+58.6%
Housing tenure
67%
33%
Owner67%
Renter33%

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

2021 vs 2026

How ZIP 48307 in Rochester Hills, MI has changed in 5 years

Rent
$1,461 → $1,795
up 22.9%
Income
$94,914 → $106,576
up 12.3%
Population
43,978 → 44,714
up 1.7%
Renter share
31.6% → 33%
+1.4 pts
Bachelor's+
58% → 58.6%
+0.6 pts
Median age
38.7 → 39.5
+0.8 yrs

The median rent in ZIP 48307 in Rochester Hills, MI stood at $1,461 in 2021 and currently runs about $1,795, reflecting a 22.9% increase over the period. Household income in the area moved from $94,914 to $106,576 across the same window, up 12.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.7% since 2021, moving from about 43,978 residents to roughly 44,714. Reading these numbers side by side helps frame whether current listings in ZIP 48307 in Rochester Hills, MI look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 48307

Last updated: October 17, 2026

ZIP code 48307 covers Rochester Hills, MI. The median rent here is $1,795/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,810/mo.

At 20% of local median household income ($106,576/yr), ZIP 48307 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48307?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,795/mo in ZIP 48307. The local median household income is $106,576/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48307?

Rent in ZIP 48307 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 1.4% below its high of $1,820 in July 2026.

When is the cheapest time to rent in ZIP 48307?

Asking rents in ZIP 48307 are usually lowest in January, about 1.7% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $59 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 48307?

Yes. From 2019 to 2024, rent in ZIP 48307 rose 34.3% while median household income rose 31.3%, from $81,180 to $106,576. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 48307 compare to other ZIPs in Michigan?

ZIP 48307 is one of the pricier among Michigan ZIP codes for rent, ranking #37 of 168 at $1,795/mo. Over the year to September 2026, rent in ZIP 48307 changed +0.1%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.

How does ZIP 48307 compare to the rest of Rochester Hills?

At $1,795/mo, ZIP 48307 is $23 above the Rochester Hills citywide median of $1,772/mo.
Income Affordability
20%
VERY AFFORDABLE

At $1,795/mo, rent takes ~20% of ZIP 48307's median household income ($106,576/yr). The standard benchmark is 30%.

ZIP 48307 20%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48307 (Rochester Hills, MI)

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