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ZIP Code · MI

ZIP 48335

Pop. 25,077·Oakland County·130th most expensive ZIP in Michigan
Median rent (all units)
$1,241/mo
Year-over-Year
+1.8%
Month-over-Month
+4.0%
vs US Median
-$724
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48335 · $1,241
More affordable than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$871
1 BR
$968
2 BR
$1,219
3 BR
$1,490
4 BR+
$1,613
Research median
$1,219/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
$14,892/yr
At $1,241/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.8% YoY, +4.0% MoM), not inventory.
Demographics

Who lives here

ZIP 48335 (Farmington, MI) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 64.6% of residents hold a bachelor's degree or higher.

Population
25,077
Median income
$99,439
Median age
35.5
Renters
56.2%
Age distribution
18.8%
30.1%
22.7%
16.9%
Under 1818.8%
18–3430.1%
35–5422.7%
55–6411.5%
65+16.9%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
45%
17.9%
28.5%
White45%
Black17.9%
Hispanic2.8%
Asian28.5%
Other5.8%
Education (25+)
23%
64.6%
No HS diploma3.1%
HS diploma9.3%
Some college23%
Bachelor's+64.6%
Housing tenure
43.8%
56.2%
Owner43.8%
Renter56.2%

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

2021 vs 2026

How ZIP 48335 in Farmington, MI has changed in 5 years

Income
$89,859 → $99,439
up 10.7%
Population
24,224 → 25,077
up 3.5%
Renter share
56.4% → 56.2%
-0.2 pts
Bachelor's+
63.6% → 64.6%
+1.0 pts
Median age
36 → 35.5
-0.5 yrs

Census figures show median household income at $99,439 today, compared with $89,859 five years earlier. Headcount in the area went from 24,224 to 25,077 between 2021 and 2024, a 3.5% change.

Community

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Local insights

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About renting in ZIP 48335

Last updated: July 20, 2026

ZIP code 48335 covers Farmington, MI. The median rent here is $1,241/mo as of July 2026. A 1-bedroom rents for a median of $968/mo. A 2-bedroom rents for a median of $1,219/mo.

At 15% of local median household income ($99,439/yr), ZIP 48335 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48335?

As of July 20, 2026, the median monthly rent in ZIP 48335 (Farmington, MI) is $1,241. This is based on aggregated data from public sources and community submissions.

How does ZIP 48335 rent compare to the US average?

ZIP 48335's median rent of $1,241/mo is $724 (37%) below the US national median of $1,965/mo.

How does ZIP 48335 compare to other ZIPs in Michigan?

ZIP 48335 is among the more affordable ZIP codes in Michigan, ranking #130 out of 165 ZIPs at $1,241/mo.

How much income do you need to rent in ZIP 48335?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,241/mo in ZIP 48335. The local median household income is $99,439/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48335?

Rent in ZIP 48335 has increased 1.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48335 an affordable place to rent?

ZIP 48335 is considered very affordable for renters. At $1,241/mo, rent takes approximately 15% of the local median household income ($99,439/yr). The standard benchmark is 30%. ZIP 48335 falls comfortably within that range.

What percentage of ZIP 48335 residents rent vs. own?

According to Census data, approximately 56.2% of ZIP 48335 households are renters, while 43.8% are owner-occupied. With a majority renter population, ZIP 48335 has a strong rental market.

When was rent data for ZIP 48335 last updated?

Rent data for ZIP 48335 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
15%
VERY AFFORDABLE

At $1,241/mo, rent takes ~15% of ZIP 48335's median household income ($99,439/yr). The standard benchmark is 30%.

ZIP 48335 15%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48335 (Farmington, MI)

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