ZIP Code · MI

ZIP 48317

Part of Shelby Township, MI

Pop. 27,565·Macomb County·88th most expensive ZIP in Michigan

Median rent (all units)

$1,446/mo

Year-over-Year

+4.1%

Month-over-Month

-0.1%

vs US Median

-$486

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48317 · $1,446

More affordable than 77% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,090

1 BR

$1,210

2 BR

$1,520

3 BR

$1,860

4 BR+

$2,010

Research median

$1,520/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

Compared with the peak

Rent in ZIP 48317 is 0.1% below its high of $1,448 in June 2026, at $1,446 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48317 changed +4.1% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($72,917) is $1,823 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,520); a 3-bedroom is $1,860.

Cheaper nearby

ZIP 48043, 9 miles away, rents for 13% less ($1,258/mo), about $2,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48317. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,352/yr

At $1,446/mo median

Location

CityShelby Township

StateMI

CountyMacomb County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.1% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 48317 (Shelby Township, MI) is majority owner-occupied, 32.4% of residents hold a bachelor's degree or higher.

Population

27,565

Median income

$72,917

Median age

42.2

Renters

42.5%

Age distribution

19.8%

22%

26.8%

15.5%

15.8%

Under 1819.8%

18–3422%

35–5426.8%

55–6415.5%

65+15.8%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

77.7%

White77.7%

Black5.6%

Hispanic3.9%

Asian6.1%

Other6.8%

Education (25+)

25.6%

32.4%

No HS diploma9.7%

HS diploma25.6%

Some college32.4%

Bachelor's+32.4%

Housing tenure

57.5%

42.5%

Owner57.5%

Renter42.5%

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

2023 vs 2026

How ZIP 48317 in Shelby Township, MI has changed in 5 years

Rent

$1,223 → $1,446

up 18.2%

Income

$67,122 → $72,917

up 8.6%

Population

28,416 → 27,565

down 3.0%

Renter share

41.9% → 42.5%

+0.6 pts

Bachelor's+

33% → 32.4%

-0.6 pts

Median age

37.7 → 42.2

+4.5 yrs

Compared with 2023, rent in ZIP 48317 in Shelby Township, MI has climbed by $223 per month, settling near $1,446 after starting the period at $1,223. Median household income grew from $67,122 to $72,917 between 2021 and 2024, a 8.6% shift. Rent outpaced income growth by roughly 9.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,416 to 27,565 between 2021 and 2024, a 3.0% change. Taken together, the five-year picture in ZIP 48317 in Shelby Township, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 48317

Last updated: October 17, 2026

ZIP code 48317 covers Shelby Township, MI. The median rent here is $1,446/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,520/mo.

At 24% of local median household income ($72,917/yr), ZIP 48317 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48317?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,446/mo in ZIP 48317. The local median household income is $72,917/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48317?

Rent in ZIP 48317 has risen 4.1% over the past year as of September 2026. It sits 0.1% below its high of $1,448 in June 2026.

How does ZIP 48317 compare to other ZIPs in Michigan?

ZIP 48317 is in the middle among Michigan ZIP codes for rent, ranking #88 of 168 at $1,446/mo. Over the year to September 2026, rent in ZIP 48317 changed +4.1%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.