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ZIP Code · MI

ZIP 48838

Pop. 18,212·Montcalm County·71st most expensive ZIP in Michigan
Median rent (all units)
$1,565/mo
Year-over-Year
Stable
Month-over-Month
-12.9%
vs US Median
-$400
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48838 · $1,565
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,090
2 BR
$1,300
3 BR
$1,700
4 BR+
$1,860
Research median
$1,300/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
$18,780/yr
At $1,565/mo median
Location
StateMI
CountyMontcalm 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, -12.9% MoM), not inventory.
Demographics

Who lives here

ZIP 48838 (Greenville, MI) is majority owner-occupied, has a large retiree population, 20.7% of residents hold a bachelor's degree or higher.

Population
18,212
Median income
$70,176
Median age
39.1
Renters
26.4%
Age distribution
20.6%
23%
23.9%
20.7%
Under 1820.6%
18–3423%
35–5423.9%
55–6411.8%
65+20.7%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
88%
White88%
Hispanic6.3%
Other5.2%
Education (25+)
31.5%
38.4%
20.7%
No HS diploma9.5%
HS diploma31.5%
Some college38.4%
Bachelor's+20.7%
Housing tenure
73.6%
26.4%
Owner73.6%
Renter26.4%

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

2021 vs 2026

How ZIP 48838 in Greenville, MI has changed in 5 years

Income
$54,391 → $70,176
up 29.0%
Population
18,674 → 18,212
down 2.5%
Renter share
24.8% → 26.4%
+1.6 pts
Bachelor's+
18.7% → 20.7%
+2.0 pts

Local incomes tracked alongside that move, going from a median of $54,391 in 2021 to $70,176 more recently. The population has contracted by 2.5% since 2021, moving from about 18,674 residents to roughly 18,212. Renters now make up 26.4% of households, compared with 24.8% five years ago. College-educated residents now make up 20.7% of adults here, versus 18.7% in 2021.

Community

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Local insights

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About renting in ZIP 48838

Last updated: May 18, 2026

ZIP code 48838 covers Greenville, MI. The median rent here is $1,565/mo as of May 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,300/mo.

At 27% of local median household income ($70,176/yr), ZIP 48838 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 48838?

As of May 18, 2026, the median monthly rent in ZIP 48838 (Greenville, MI) is $1,565. This is based on aggregated data from public sources and community submissions.

How does ZIP 48838 rent compare to the US average?

ZIP 48838's median rent of $1,565/mo is $400 (20%) below the US national median of $1,965/mo.

How does ZIP 48838 compare to other ZIPs in Michigan?

ZIP 48838 falls in the middle range for Michigan, ranking #71 out of 167 ZIPs at $1,565/mo.

How much income do you need to rent in ZIP 48838?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,565/mo in ZIP 48838. The local median household income is $70,176/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48838?

Rent in ZIP 48838 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 48838 an affordable place to rent?

ZIP 48838 is considered affordable for renters. At $1,565/mo, rent takes approximately 27% of the local median household income ($70,176/yr). The standard benchmark is 30%. ZIP 48838 falls comfortably within that range.

What percentage of ZIP 48838 residents rent vs. own?

According to Census data, approximately 26.4% of ZIP 48838 households are renters, while 73.6% are owner-occupied. ZIP 48838 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48838 compare to the rest of Greenville?

ZIP 48838 is more affordable than Greenville overall. At $1,565/mo, it's $232 below the Greenville citywide median of $1,797/mo.

When was rent data for ZIP 48838 last updated?

Rent data for ZIP 48838 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,565/mo, rent takes ~27% of ZIP 48838's median household income ($70,176/yr). The standard benchmark is 30%.

ZIP 48838 27%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48838 (Greenville, MI)

Recent submissions

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