ZIP Code · MI

ZIP 48342

Part of Pontiac, MI

Pop. 17,564·Oakland County·108th most expensive ZIP in Michigan

Median rent (all units)

$1,359/mo

Year-over-Year

+2.4%

Month-over-Month

-0.7%

vs US Median

-$573

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 48342 · $1,359

More affordable than 83% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$890

1 BR

$990

2 BR

$1,250

3 BR

$1,530

4 BR+

$1,660

Research median

$1,250/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

Past year vs. the rest of Michigan

Rent in ZIP 48342 changed +2.4% 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 7 of the last 12 months.

What a typical income covers

30% of the median household income ($35,253) is $881 a month. That is less than HUD's Fair Market Rent for a studio ($890).

From Zillow's monthly rent index (ZORI) for ZIP 48342. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,308/yr

At $1,359/mo median

Location

CityPontiac

StateMI

CountyOakland County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.4% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 48342 (Pontiac, MI) is majority renter-occupied, has a median income below the national average, 10.2% of residents hold a bachelor's degree or higher.

Population

17,564

Median income

$35,253

Median age

Renters

59.5%

Age distribution

22.7%

24.8%

25.5%

16.2%

Under 1822.7%

18–3424.8%

35–5425.5%

55–6416.2%

65+10.8%

Gender

53.4%

46.6%

Male53.4%

Female46.6%

Race & ethnicity

19%

51.1%

21.8%

White19%

Black51.1%

Hispanic21.8%

Asian4.7%

Other3.4%

Education (25+)

24%

39.5%

26.3%

No HS diploma24%

HS diploma39.5%

Some college26.3%

Bachelor's+10.2%

Housing tenure

40.5%

59.5%

Owner40.5%

Renter59.5%

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

2021 vs 2026

How ZIP 48342 in Pontiac, MI has changed in 5 years

Income

$28,561 → $35,253

up 23.4%

Population

16,419 → 17,564

up 7.0%

Renter share

61.8% → 59.5%

-2.3 pts

Bachelor's+

8.4% → 10.2%

+1.8 pts

Median age

30.5 → 37

+6.5 yrs

Median household income climbed from $28,561 to $35,253 between 2021 and 2024, a 23.4% shift. Census counts show ZIP 48342 in Pontiac, MI adding about 1,145 residents over the five-year window, up 7.0% on net. The renter share has eased from 61.8% to 59.5%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 48342

Last updated: October 17, 2026

ZIP code 48342 covers Pontiac, MI. The median rent here is $1,359/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,250/mo.

At 46% of local median household income ($35,253/yr), ZIP 48342 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48342?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,359/mo in ZIP 48342. The local median household income is $35,253/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 48342?

Rent in ZIP 48342 has risen 2.4% over the past year.

How does ZIP 48342 compare to other ZIPs in Michigan?

ZIP 48342 is in the middle among Michigan ZIP codes for rent, ranking #108 of 168 at $1,359/mo. Over the year to September 2026, rent in ZIP 48342 changed +2.4%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.