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ZIP Code · MI

ZIP 48375

Part of Novi, MI
Pop. 24,029·Oakland County·45th most expensive ZIP in Michigan
Median rent (all units)
$1,752/mo
Year-over-Year
+13.2%
Month-over-Month
+5.3%
vs US Median
-$213
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48375 · $1,752
More affordable than 55% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$21,024/yr
At $1,752/mo median
Location
CityNovi
StateMI
CountyOakland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.2% YoY, +5.3% 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

2021 vs 2026

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

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

Census figures show median household income at $112,545 today, compared with $101,812 five years earlier. 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.

Community

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Local insights

Tips for renters in ZIP 48375

About renting in ZIP 48375

Last updated: July 20, 2026

ZIP code 48375 covers Novi, MI. The median rent here is $1,752/mo as of July 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 13.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48375?

As of July 20, 2026, the median monthly rent in ZIP 48375 (Novi, MI) is $1,752. This is based on aggregated data from public sources and community submissions.

How does ZIP 48375 rent compare to the US average?

ZIP 48375's median rent of $1,752/mo is $213 (11%) below the US national median of $1,965/mo.

How does ZIP 48375 compare to other ZIPs in Michigan?

ZIP 48375 is one of the pricier ZIP codes in Michigan, ranking #45 out of 165 ZIPs tracked at $1,752/mo.

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 (~$34/hour full-time) to afford the median rent of $1,752/mo in ZIP 48375. The local median household income is $112,545/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48375?

Rent in ZIP 48375 has increased 13.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48375 an affordable place to rent?

ZIP 48375 is considered very affordable for renters. At $1,752/mo, rent takes approximately 19% of the local median household income ($112,545/yr). The standard benchmark is 30%. ZIP 48375 falls comfortably within that range.

What percentage of ZIP 48375 residents rent vs. own?

According to Census data, approximately 29.9% of ZIP 48375 households are renters, while 70.1% are owner-occupied. ZIP 48375 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48375 compare to the rest of Novi?

ZIP 48375 is more affordable than Novi overall. At $1,752/mo, it's $105 below the Novi citywide median of $1,857/mo.

When was rent data for ZIP 48375 last updated?

Rent data for ZIP 48375 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,752/mo, rent takes ~19% of ZIP 48375's median household income ($112,545/yr). The standard benchmark is 30%.

ZIP 48375 19%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48375 (Novi, MI)

Recent submissions

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