ZIP Code · MI

ZIP 48642

Part of Midland, MI

Pop. 34,039·Midland County·62nd most expensive ZIP in Michigan

Median rent (all units)

$1,578/mo

Year-over-Year

+5.1%

Month-over-Month

+0.4%

vs US Median

-$354

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48642 · $1,578

More affordable than 67% 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

$1,020

1 BR

$1,040

2 BR

$1,340

3 BR

$1,710

4 BR+

$1,890

Research median

$1,340/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 48642 changed +5.1% 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 6 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($77,847) is $1,946 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,890).

From Zillow's monthly rent index (ZORI) for ZIP 48642. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,936/yr

At $1,578/mo median

Location

CityMidland

StateMI

CountyMidland County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 48642 (Midland, MI) is majority owner-occupied, 40.4% of residents hold a bachelor's degree or higher.

Population

34,039

Median income

$77,847

Median age

40.6

Renters

25.3%

Age distribution

21.7%

18.8%

25.7%

14.6%

19.2%

Under 1821.7%

18–3418.8%

35–5425.7%

55–6414.6%

65+19.2%

Gender

51.1%

48.9%

Male51.1%

Female48.9%

Race & ethnicity

89.4%

White89.4%

Black1.5%

Hispanic4.3%

Asian3.4%

Other1.4%

Education (25+)

25.4%

30.8%

40.4%

No HS diploma3.4%

HS diploma25.4%

Some college30.8%

Bachelor's+40.4%

Housing tenure

74.7%

25.3%

Owner74.7%

Renter25.3%

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

2021 vs 2026

How ZIP 48642 in Midland, MI has changed in 5 years

Income

$68,525 → $77,847

up 13.6%

Population

33,734 → 34,039

up 0.9%

Renter share

26.2% → 25.3%

-0.9 pts

Bachelor's+

40.1% → 40.4%

+0.3 pts

Median age

41.1 → 40.6

-0.5 yrs

On the earnings side, the typical household in ZIP 48642 in Midland, MI now reports about $77,847, up from $68,525 in 2021.

Community

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Local insights

Tips for renters in ZIP 48642

About renting in ZIP 48642

Last updated: October 17, 2026

ZIP code 48642 covers Midland, MI. The median rent here is $1,578/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,340/mo.

At 24% of local median household income ($77,847/yr), ZIP 48642 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48642?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,578/mo in ZIP 48642. The local median household income is $77,847/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48642?

Rent in ZIP 48642 has risen 5.1% over the past year.

How does ZIP 48642 compare to other ZIPs in Michigan?

ZIP 48642 is in the middle among Michigan ZIP codes for rent, ranking #62 of 168 at $1,578/mo. Over the year to September 2026, rent in ZIP 48642 changed +5.1%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.