ZIP Code · MI

ZIP 48316

Part of Shelby Township, MI

Pop. 28,784·Macomb County·41st most expensive ZIP in Michigan

Median rent (all units)

$1,750/mo

Year-over-Year

Stable

Month-over-Month

-1.4%

vs US Median

-$182

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 48316 · $1,750

More affordable than 54% 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

$1,140

1 BR

$1,260

2 BR

$1,590

3 BR

$1,940

4 BR+

$2,110

Research median

$1,590/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 ($107,776) is $2,694 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,110).

Cheaper nearby

ZIP 48317, 3 miles away, rents for 17% less ($1,446/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48316. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,000/yr

At $1,750/mo median

Location

CityShelby Township

StateMI

CountyMacomb County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 48316 (Shelby Township, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 43.9% of residents hold a bachelor's degree or higher.

Population

28,784

Median income

$107,776

Median age

45.8

Renters

21.3%

Age distribution

19.9%

18.4%

24.6%

15%

22.2%

Under 1819.9%

18–3418.4%

35–5424.6%

55–6415%

65+22.2%

Gender

48.3%

51.7%

Male48.3%

Female51.7%

Race & ethnicity

89.3%

White89.3%

Black1.6%

Hispanic3.7%

Asian2.9%

Other2.4%

Education (25+)

21.6%

28.6%

43.9%

No HS diploma5.9%

HS diploma21.6%

Some college28.6%

Bachelor's+43.9%

Housing tenure

78.7%

21.3%

Owner78.7%

Renter21.3%

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

2021 vs 2026

How ZIP 48316 in Shelby Township, MI has changed in 5 years

Income

$91,920 → $107,776

up 17.2%

Population

28,227 → 28,784

up 2.0%

Renter share

20.3% → 21.3%

+1.0 pts

Bachelor's+

41.9% → 43.9%

+2.0 pts

Household income in the area moved from $91,920 to $107,776 across the same window, up 17.2% versus 2021. Census counts show ZIP 48316 in Shelby Township, MI adding about 557 residents over the five-year window, up 2.0% on net. Bachelor's-degree-or-higher attainment moved from 41.9% to 43.9% across the same window.

Community

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Local insights

Tips for renters in ZIP 48316

About renting in ZIP 48316

Last updated: September 25, 2026

ZIP code 48316 covers Shelby Township, MI. The median rent here is $1,750/mo as of September 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,590/mo.

At 19% of local median household income ($107,776/yr), ZIP 48316 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 48316?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,750/mo in ZIP 48316. The local median household income is $107,776/yr, so the typical household meets that bar.