ZIP Code · MI

ZIP 48708

Part of Bay City, MI

Pop. 25,635·Bay County·168th most expensive ZIP in Michigan

Median rent (all units)

$859/mo

Year-over-Year

Stable

Month-over-Month

+0.8%

vs US Median

-$1,073

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48708 · $859

More affordable than 100% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$760

1 BR

$770

2 BR

$970

3 BR

$1,320

4 BR+

$1,430

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

What a typical income covers

30% of the median household income ($50,518) is $1,263 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($970); a 3-bedroom is $1,320.

From Zillow's monthly rent index (ZORI) for ZIP 48708. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$10,308/yr

At $859/mo median

Location

CityBay City

StateMI

CountyBay County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 48708 (Bay City, MI) is majority owner-occupied, has a median income below the national average, 17.8% of residents hold a bachelor's degree or higher.

Population

25,635

Median income

$50,518

Median age

41.9

Renters

29.9%

Age distribution

18.6%

23.3%

24.9%

14.4%

18.9%

Under 1818.6%

18–3423.3%

35–5424.9%

55–6414.4%

65+18.9%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

84.9%

12.3%

White84.9%

Black2.4%

Hispanic12.3%

Asian0.8%

Education (25+)

34%

37.5%

17.8%

No HS diploma10.7%

HS diploma34%

Some college37.5%

Bachelor's+17.8%

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 48708 in Bay City, MI has changed in 5 years

Income

$43,074 → $50,518

up 17.3%

Population

26,163 → 25,635

down 2.0%

Renter share

33.1% → 29.9%

-3.2 pts

Bachelor's+

16.3% → 17.8%

+1.5 pts

Median household income grew from $43,074 to $50,518 between 2021 and 2024, a 17.3% shift. Headcount in the area went from 26,163 to 25,635 between 2021 and 2024, a 2.0% change. About 29.9% of households rent today, against 33.1% in 2021.

Community

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Local insights

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About renting in ZIP 48708

Last updated: October 17, 2026

ZIP code 48708 covers Bay City, MI. The median rent here is $859/mo as of October 2026. A 1-bedroom rents for a median of $770/mo. A 2-bedroom rents for a median of $970/mo.

At 20% of local median household income ($50,518/yr), ZIP 48708 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 income do you need to rent in ZIP 48708?

To keep rent at or below 30% of gross income, you would need to earn at least $34,000/year (about $16/hour full-time) to afford the median rent of $859/mo in ZIP 48708. The local median household income is $50,518/yr, so the typical household meets that bar.