ZIP Code · MI

ZIP 48390

Part of Commerce Township, MI

Pop. 23,939·Oakland County·5th most expensive ZIP in Michigan

Median rent (all units)

$2,239/mo

Year-over-Year

+2.9%

Month-over-Month

-0.4%

vs US Median

+$307

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48390 · $2,239

More expensive than 72% 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

$1,400

1 BR

$1,560

2 BR

$1,960

3 BR

$2,390

4 BR+

$2,600

Research median

$1,960/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 48390 is 0.4% below its high of $2,249 in August 2026, at $2,239 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48390 changed +2.8% 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 8 of the last 12 months.

What a typical income covers

30% of the median household income ($91,381) is $2,285 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,960); a 3-bedroom is $2,390.

Cheaper nearby

ZIP 48377, 3 miles away, rents for 12% less ($1,976/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48390. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,868/yr

At $2,239/mo median

Location

CityCommerce Township

StateMI

CountyOakland County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 48390 (Commerce Township, MI) is majority owner-occupied, has a median income above the national average, 41.8% of residents hold a bachelor's degree or higher.

Population

23,939

Median income

$91,381

Median age

43.1

Renters

25.3%

Age distribution

18.4%

18.7%

26.9%

16.3%

19.6%

Under 1818.4%

18–3418.7%

35–5426.9%

55–6416.3%

65+19.6%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

86%

White86%

Black2.9%

Hispanic2.8%

Asian6.8%

Other1.5%

Education (25+)

22.6%

31.9%

41.8%

No HS diploma3.7%

HS diploma22.6%

Some college31.9%

Bachelor's+41.8%

Housing tenure

74.7%

25.3%

Owner74.7%

Renter25.3%

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

2022 vs 2026

How ZIP 48390 in Commerce Township, MI has changed in 5 years

Rent

$1,959 → $2,239

up 14.3%

Income

$74,951 → $91,381

up 21.9%

Population

23,878 → 23,939

up 0.3%

Renter share

27.1% → 25.3%

-1.8 pts

Bachelor's+

41.6% → 41.8%

+0.2 pts

Median age

43.9 → 43.1

-0.8 yrs

Rent in ZIP 48390 in Commerce Township, MI has climbed 14.3% since 2022, going from about $1,959 per month to roughly $2,239 today. Local incomes tracked alongside that move, going from a median of $74,951 in 2021 to $91,381 more recently. Income growth outran rent by about 7.6 percentage points, easing the affordability math somewhat compared with 2021. About 25.3% of households rent today, against 27.1% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 48390 in Commerce Township, MI market of 2022.

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Local insights

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About renting in ZIP 48390

Last updated: October 17, 2026

ZIP code 48390 covers Commerce Township, MI. The median rent here is $2,239/mo as of October 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,960/mo.

At 29% of local median household income ($91,381/yr), ZIP 48390 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48390?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,239/mo in ZIP 48390. The local median household income is $91,381/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48390?

Rent in ZIP 48390 has risen 2.9% over the past year as of September 2026. It sits 0.4% below its high of $2,249 in August 2026.

How does ZIP 48390 compare to other ZIPs in Michigan?

ZIP 48390 is one of the pricier among Michigan ZIP codes for rent, ranking #5 of 168 at $2,239/mo. Over the year to September 2026, rent in ZIP 48390 changed +2.8%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.