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ZIP Code · MI

ZIP 48307

Pop. 44,714·Oakland County·49th most expensive ZIP in Michigan
Median rent (all units)
$1,723/mo
Year-over-Year
+3.0%
Month-over-Month
+2.5%
vs US Median
-$242
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48307 · $1,723
More affordable than 57% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$20,676/yr
At $1,723/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.0% YoY, +2.5% 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
$1,414 → $1,723
up 21.9%
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 $1,414 in 2021 and currently runs about $1,723, reflecting a 21.9% 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.

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Local insights

Tips for renters in ZIP 48307

About renting in ZIP 48307

Last updated: July 20, 2026

ZIP code 48307 covers Rochester Hills, MI. The median rent here is $1,723/mo as of July 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,810/mo.

At 19% of local median household income ($106,576/yr), ZIP 48307 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48307?

As of July 20, 2026, the median monthly rent in ZIP 48307 (Rochester Hills, MI) is $1,723. This is based on aggregated data from public sources and community submissions.

How does ZIP 48307 rent compare to the US average?

ZIP 48307's median rent of $1,723/mo is $242 (12%) below the US national median of $1,965/mo.

How does ZIP 48307 compare to other ZIPs in Michigan?

ZIP 48307 is one of the pricier ZIP codes in Michigan, ranking #49 out of 165 ZIPs tracked at $1,723/mo.

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 $69,000/year (~$33/hour full-time) to afford the median rent of $1,723/mo in ZIP 48307. The local median household income is $106,576/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48307?

Rent in ZIP 48307 has increased 3.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48307 an affordable place to rent?

ZIP 48307 is considered very affordable for renters. At $1,723/mo, rent takes approximately 19% of the local median household income ($106,576/yr). The standard benchmark is 30%. ZIP 48307 falls comfortably within that range.

What percentage of ZIP 48307 residents rent vs. own?

According to Census data, approximately 33% of ZIP 48307 households are renters, while 67% are owner-occupied. ZIP 48307 leans toward homeownership, which can mean a smaller rental inventory.

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

ZIP 48307 is more affordable than Rochester Hills overall. At $1,723/mo, it's $77 below the Rochester Hills citywide median of $1,800/mo.

When was rent data for ZIP 48307 last updated?

Rent data for ZIP 48307 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,723/mo, rent takes ~19% of ZIP 48307's median household income ($106,576/yr). The standard benchmark is 30%.

ZIP 48307 19%Benchmark 30%
State income tax4.25%
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Schools nearby

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