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ZIP Code · MI

ZIP 48340

Part of Pontiac, MI
Pop. 25,669·Oakland County·117th most expensive ZIP in Michigan
Median rent (all units)
$1,270/mo
Year-over-Year
+1.7%
Month-over-Month
-2.2%
vs US Median
-$695
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48340 · $1,270
More affordable than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$1,050
2 BR
$1,320
3 BR
$1,610
4 BR+
$1,750
Research median
$1,320/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
$15,240/yr
At $1,270/mo median
Location
StateMI
CountyOakland County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.7% YoY, -2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48340 (Pontiac, MI) is roughly split between renters and owners, has a median income below the national average, 13.9% of residents hold a bachelor's degree or higher.

Population
25,669
Median income
$47,891
Median age
34.6
Renters
54.3%
Age distribution
22.5%
28%
25.5%
13.4%
Under 1822.5%
18–3428%
35–5425.5%
55–6410.6%
65+13.4%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
29%
30%
33%
White29%
Black30%
Hispanic33%
Asian5.1%
Other2.9%
Education (25+)
17.2%
40.1%
28.8%
13.9%
No HS diploma17.2%
HS diploma40.1%
Some college28.8%
Bachelor's+13.9%
Housing tenure
45.7%
54.3%
Owner45.7%
Renter54.3%

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

2021 vs 2026

How ZIP 48340 in Pontiac, MI has changed in 5 years

Income
$40,982 → $47,891
up 16.9%
Population
26,233 → 25,669
down 2.1%
Renter share
58% → 54.3%
-3.7 pts
Bachelor's+
13% → 13.9%
+0.9 pts
Median age
32.2 → 34.6
+2.4 yrs

On the earnings side, the typical household in ZIP 48340 in Pontiac, MI now reports about $47,891, up from $40,982 in 2021. Headcount in the area went from 26,233 to 25,669 between 2021 and 2024, a 2.1% change. About 54.3% of households rent today, against 58% in 2021.

Community

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Local insights

Tips for renters in ZIP 48340

About renting in ZIP 48340

Last updated: July 20, 2026

ZIP code 48340 covers Pontiac, MI. The median rent here is $1,270/mo as of July 2026. A 1-bedroom rents for a median of $1,050/mo. A 2-bedroom rents for a median of $1,320/mo.

At 32% of local median household income ($47,891/yr), ZIP 48340 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48340?

As of July 20, 2026, the median monthly rent in ZIP 48340 (Pontiac, MI) is $1,270. This is based on aggregated data from public sources and community submissions.

How does ZIP 48340 rent compare to the US average?

ZIP 48340's median rent of $1,270/mo is $695 (35%) below the US national median of $1,965/mo.

How does ZIP 48340 compare to other ZIPs in Michigan?

ZIP 48340 is among the more affordable ZIP codes in Michigan, ranking #117 out of 165 ZIPs at $1,270/mo.

How much income do you need to rent in ZIP 48340?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,270/mo in ZIP 48340. The local median household income is $47,891/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 48340?

Rent in ZIP 48340 has increased 1.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48340 an affordable place to rent?

ZIP 48340 is considered moderate for renters. At $1,270/mo, rent takes approximately 32% of the local median household income ($47,891/yr). The standard benchmark is 30%. ZIP 48340 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 48340 residents rent vs. own?

According to Census data, approximately 54.3% of ZIP 48340 households are renters, while 45.7% are owner-occupied. With a majority renter population, ZIP 48340 has a strong rental market.

How does ZIP 48340 compare to the rest of Pontiac?

ZIP 48340 is more affordable than Pontiac overall. At $1,270/mo, it's $26 below the Pontiac citywide median of $1,296/mo.

When was rent data for ZIP 48340 last updated?

Rent data for ZIP 48340 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,270/mo, rent takes ~32% of ZIP 48340's median household income ($47,891/yr). The standard benchmark is 30%.

ZIP 48340 32%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48340 (Pontiac, MI)

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