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ZIP Code · MI

ZIP 48706

Pop. 38,974·Bay County·155th most expensive ZIP in Michigan
Median rent (all units)
$1,069/mo
Year-over-Year
Stable
Month-over-Month
-17.8%
vs US Median
-$896
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48706 · $1,069
More affordable than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$840
1 BR
$850
2 BR
$1,070
3 BR
$1,450
4 BR+
$1,580
Research median
$1,070/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: May 18, 2026

Annual cost
$12,828/yr
At $1,069/mo median
Location
StateMI
CountyBay County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -17.8% MoM), not inventory.
Demographics

Who lives here

ZIP 48706 (Bangor Township, MI) is majority owner-occupied, has a large retiree population, has a median income below the national average, 24.7% of residents hold a bachelor's degree or higher.

Population
38,974
Median income
$62,747
Median age
44.7
Renters
21.8%
Age distribution
20.6%
18.8%
22.4%
14.6%
23.6%
Under 1820.6%
18–3418.8%
35–5422.4%
55–6414.6%
65+23.6%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
92%
White92%
Black0.8%
Hispanic3.6%
Asian0.5%
Other3%
Education (25+)
31%
37.2%
24.7%
No HS diploma7.2%
HS diploma31%
Some college37.2%
Bachelor's+24.7%
Housing tenure
78.2%
21.8%
Owner78.2%
Renter21.8%

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

2021 vs 2026

How ZIP 48706 in Bangor Township, MI has changed in 5 years

Income
$53,002 → $62,747
up 18.4%
Population
39,225 → 38,974
down 0.6%
Renter share
23.4% → 21.8%
-1.6 pts
Bachelor's+
21.7% → 24.7%
+3.0 pts
Median age
43.8 → 44.7
+0.9 yrs

Household income in the area moved from $53,002 to $62,747 across the same window, up 18.4% versus 2021. The renter share has eased from 23.4% to 21.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.7% to 24.7% across the same window.

Community

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Local insights

Tips for renters in ZIP 48706

About renting in ZIP 48706

Last updated: May 18, 2026

ZIP code 48706 covers Bangor Township, MI. The median rent here is $1,069/mo as of May 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $1,070/mo.

At 20% of local median household income ($62,747/yr), ZIP 48706 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48706?

As of May 18, 2026, the median monthly rent in ZIP 48706 (Bangor Township, MI) is $1,069. This is based on aggregated data from public sources and community submissions.

How does ZIP 48706 rent compare to the US average?

ZIP 48706's median rent of $1,069/mo is $896 (46%) below the US national median of $1,965/mo.

How does ZIP 48706 compare to other ZIPs in Michigan?

ZIP 48706 is among the more affordable ZIP codes in Michigan, ranking #155 out of 167 ZIPs at $1,069/mo.

How much income do you need to rent in ZIP 48706?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,069/mo in ZIP 48706. The local median household income is $62,747/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48706?

Rent in ZIP 48706 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 48706 an affordable place to rent?

ZIP 48706 is considered very affordable for renters. At $1,069/mo, rent takes approximately 20% of the local median household income ($62,747/yr). The standard benchmark is 30%. ZIP 48706 falls comfortably within that range.

What percentage of ZIP 48706 residents rent vs. own?

According to Census data, approximately 21.8% of ZIP 48706 households are renters, while 78.2% are owner-occupied. ZIP 48706 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 48706 last updated?

Rent data for ZIP 48706 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,069/mo, rent takes ~20% of ZIP 48706's median household income ($62,747/yr). The standard benchmark is 30%.

ZIP 48706 20%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48706 (Bangor Township, MI)

Recent submissions

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