ZIP Code · MI

ZIP 48503

Part of Flint, MI

Pop. 22,347·Genesee County·165th most expensive ZIP in Michigan

Median rent (all units)

$952/mo

Year-over-Year

+10.3%

Month-over-Month

-0.6%

vs US Median

-$980

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 48503 · $952

More affordable than 99% 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

$690

1 BR

$810

2 BR

$970

3 BR

$1,200

4 BR+

$1,410

Research median

$970/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 48503 is 0.6% below its high of $958 in August 2026, at $952 as of September 2026.

Past year vs. the rest of Michigan

Rent in ZIP 48503 changed +10.3% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($44,411) is $1,110 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($970); a 3-bedroom is $1,200.

Rank in Flint

2nd cheapest of 3 ZIP codes in Flint.

From Zillow's monthly rent index (ZORI) for ZIP 48503. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,424/yr

At $952/mo median

Location

CityFlint

StateMI

CountyGenesee County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.3% YoY, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 48503 (Flint, MI) is roughly split between renters and owners, has a median income below the national average, 21.2% of residents hold a bachelor's degree or higher.

Population

22,347

Median income

$44,411

Median age

38.3

Renters

49.3%

Age distribution

23.3%

23.4%

26%

12.8%

14.5%

Under 1823.3%

18–3423.4%

35–5426%

55–6412.8%

65+14.5%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

38.4%

53.8%

White38.4%

Black53.8%

Hispanic1.4%

Asian1.1%

Other5.4%

Education (25+)

14.2%

32.2%

32.4%

21.2%

No HS diploma14.2%

HS diploma32.2%

Some college32.4%

Bachelor's+21.2%

Housing tenure

50.7%

49.3%

Owner50.7%

Renter49.3%

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

2023 vs 2026

How ZIP 48503 in Flint, MI has changed in 5 years

Rent

$687 → $952

up 38.6%

Income

$33,179 → $44,411

up 33.9%

Population

22,717 → 22,347

down 1.6%

Renter share

48.6% → 49.3%

+0.7 pts

Bachelor's+

18.4% → 21.2%

+2.8 pts

The median rent in ZIP 48503 in Flint, MI stood at $687 in 2023 and currently runs about $952, reflecting a 38.6% increase over the period. Census figures show median household income at $44,411 today, compared with $33,179 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.6% since 2021, moving from about 22,717 residents to roughly 22,347. College-educated residents now make up 21.2% of adults here, versus 18.4% 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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Local insights

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About renting in ZIP 48503

Last updated: October 17, 2026

ZIP code 48503 covers Flint, MI. The median rent here is $952/mo as of October 2026. A 1-bedroom rents for a median of $810/mo. A 2-bedroom rents for a median of $970/mo.

At 26% of local median household income ($44,411/yr), ZIP 48503 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48503?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (about $18/hour full-time) to afford the median rent of $952/mo in ZIP 48503. The local median household income is $44,411/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48503?

Rent in ZIP 48503 has risen 10.3% over the past year as of September 2026. It sits 0.6% below its high of $958 in August 2026.

How does ZIP 48503 compare to other ZIPs in Michigan?

ZIP 48503 is one of the more affordable among Michigan ZIP codes for rent, ranking #165 of 168 at $952/mo. Over the year to September 2026, rent in ZIP 48503 changed +10.3%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.