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ZIP Code · MI

ZIP 48316

Pop. 28,784·Macomb County·37th most expensive ZIP in Michigan
Median rent (all units)
$1,774/mo
Year-over-Year
Stable
Month-over-Month
+11.6%
vs US Median
-$191
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48316 · $1,774
More affordable than 53% of US ZIP codes · National median $1,965/mo
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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: May 18, 2026

Annual cost
$21,288/yr
At $1,774/mo median
Location
StateMI
CountyMacomb County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +11.6% 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: May 18, 2026

ZIP code 48316 covers Shelby Township, MI. The median rent here is $1,774/mo as of May 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,590/mo.

At 20% 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 is rent in ZIP code 48316?

As of May 18, 2026, the median monthly rent in ZIP 48316 (Shelby Township, MI) is $1,774. This is based on aggregated data from public sources and community submissions.

How does ZIP 48316 rent compare to the US average?

ZIP 48316's median rent of $1,774/mo is $191 (10%) below the US national median of $1,965/mo.

How does ZIP 48316 compare to other ZIPs in Michigan?

ZIP 48316 is one of the pricier ZIP codes in Michigan, ranking #37 out of 167 ZIPs tracked at $1,774/mo.

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 $71,000/year (~$34/hour full-time) to afford the median rent of $1,774/mo in ZIP 48316. The local median household income is $107,776/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48316?

Rent in ZIP 48316 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 48316 an affordable place to rent?

ZIP 48316 is considered very affordable for renters. At $1,774/mo, rent takes approximately 20% of the local median household income ($107,776/yr). The standard benchmark is 30%. ZIP 48316 falls comfortably within that range.

What percentage of ZIP 48316 residents rent vs. own?

According to Census data, approximately 21.3% of ZIP 48316 households are renters, while 78.7% are owner-occupied. ZIP 48316 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48316 compare to the rest of Shelby Township?

ZIP 48316 is pricier than Shelby Township as a whole. At $1,774/mo, it's $129 above the Shelby Township citywide median of $1,645/mo.

When was rent data for ZIP 48316 last updated?

Rent data for ZIP 48316 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,774/mo, rent takes ~20% of ZIP 48316's median household income ($107,776/yr). The standard benchmark is 30%.

ZIP 48316 20%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48316 (Shelby Township, MI)

Recent submissions

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