ZIP Code · MI

ZIP 48375

Part of Novi, MI

Pop. 24,029·Oakland County·39th most expensive ZIP in Michigan

Median rent (all units)

$1,759/mo

Year-over-Year

+4.9%

Month-over-Month

+0.7%

vs US Median

-$173

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48375 · $1,759

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,520

1 BR

$1,690

2 BR

$2,120

3 BR

$2,590

4 BR+

$2,810

Research median

$2,120/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 48375 is at its highest level since Zillow's records here began in June 2022.

Past year vs. the rest of Michigan

Rent in ZIP 48375 changed +4.9% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent has risen 4 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($112,545) is $2,814 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,810).

Cheaper nearby

ZIP 48335, 3 miles away, rents for 32% less ($1,199/mo), about $6,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48375. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,108/yr

At $1,759/mo median

Location

CityNovi

StateMI

CountyOakland County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.9% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 48375 (Novi, MI) is majority owner-occupied, has a median income above the national average, 65% of residents hold a bachelor's degree or higher.

Population

24,029

Median income

$112,545

Median age

40.9

Renters

29.9%

Age distribution

22%

18.5%

31.6%

13.3%

14.6%

Under 1822%

18–3418.5%

35–5431.6%

55–6413.3%

65+14.6%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

54.9%

29.7%

White54.9%

Black5%

Hispanic5.8%

Asian29.7%

Other4.6%

Education (25+)

21.3%

65%

No HS diploma2.8%

HS diploma10.9%

Some college21.3%

Bachelor's+65%

Housing tenure

70.1%

29.9%

Owner70.1%

Renter29.9%

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

2023 vs 2026

How ZIP 48375 in Novi, MI has changed in 5 years

Rent

$1,687 → $1,759

up 4.3%

Income

$101,812 → $112,545

up 10.5%

Population

23,468 → 24,029

up 2.4%

Renter share

30.5% → 29.9%

-0.6 pts

Bachelor's+

60.1% → 65%

+4.9 pts

The median rent in ZIP 48375 in Novi, MI stood at $1,687 in 2023 and currently runs about $1,759, reflecting a 4.3% increase over the period. Census figures show median household income at $112,545 today, compared with $101,812 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 2.4% since 2021, moving from about 23,468 residents to roughly 24,029. College-educated residents now make up 65% of adults here, versus 60.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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About renting in ZIP 48375

Last updated: October 17, 2026

ZIP code 48375 covers Novi, MI. The median rent here is $1,759/mo as of October 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $2,120/mo.

At 19% of local median household income ($112,545/yr), ZIP 48375 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48375?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (about $34/hour full-time) to afford the median rent of $1,759/mo in ZIP 48375. The local median household income is $112,545/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48375?

Rent in ZIP 48375 has risen 4.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2022.

How does ZIP 48375 compare to other ZIPs in Michigan?

ZIP 48375 is one of the pricier among Michigan ZIP codes for rent, ranking #39 of 168 at $1,759/mo. Over the year to September 2026, rent in ZIP 48375 changed +4.9%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.