ZIP Code · MI

ZIP 48315

Part of Shelby Township, MI

Pop. 28,472·Macomb County·13th most expensive ZIP in Michigan

Median rent (all units)

$2,028/mo

Year-over-Year

Stable

Month-over-Month

+1.1%

vs US Median

+$96

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48315 · $2,028

More expensive than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$990

1 BR

$1,110

2 BR

$1,390

3 BR

$1,700

4 BR+

$1,840

Research median

$1,390/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

What a typical income covers

30% of the median household income ($100,684) is $2,517 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,840).

Cheaper nearby

ZIP 48316, 3 miles away, rents for 14% less ($1,750/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48315. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,336/yr

At $2,028/mo median

Location

CityShelby Township

StateMI

CountyMacomb County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 48315 (Shelby Township, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 34.9% of residents hold a bachelor's degree or higher.

Population

28,472

Median income

$100,684

Median age

48.3

Renters

15.1%

Age distribution

19.4%

15.8%

24%

15.5%

25.3%

Under 1819.4%

18–3415.8%

35–5424%

55–6415.5%

65+25.3%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

85.9%

White85.9%

Black3.4%

Hispanic3.8%

Asian3.8%

Other3.1%

Education (25+)

25.1%

32.4%

34.9%

No HS diploma7.6%

HS diploma25.1%

Some college32.4%

Bachelor's+34.9%

Housing tenure

84.9%

15.1%

Owner84.9%

Renter15.1%

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

2021 vs 2026

How ZIP 48315 in Shelby Township, MI has changed in 5 years

Income

$97,201 → $100,684

up 3.6%

Population

27,799 → 28,472

up 2.4%

Renter share

12% → 15.1%

+3.1 pts

Bachelor's+

32.5% → 34.9%

+2.4 pts

Median age

49 → 48.3

-0.7 yrs

Local incomes tracked alongside that move, going from a median of $97,201 in 2021 to $100,684 more recently. The population has grown by 2.4% since 2021, moving from about 27,799 residents to roughly 28,472. Renters now make up 15.1% of households, compared with 12% five years ago. College-educated residents now make up 34.9% of adults here, versus 32.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 48315

About renting in ZIP 48315

Last updated: October 17, 2026

ZIP code 48315 covers Shelby Township, MI. The median rent here is $2,028/mo as of October 2026. A 1-bedroom rents for a median of $1,110/mo. A 2-bedroom rents for a median of $1,390/mo.

At 24% of local median household income ($100,684/yr), ZIP 48315 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 48315?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,028/mo in ZIP 48315. The local median household income is $100,684/yr, so the typical household meets that bar.