ZIP Code · MI

ZIP 48842

Part of Holt, MI

Pop. 21,945·Ingham County·46th most expensive ZIP in Michigan

Median rent (all units)

$1,692/mo

Year-over-Year

-1.1%

Month-over-Month

-0.7%

vs US Median

-$240

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 48842 · $1,692

More affordable than 58% 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

$1,080

1 BR

$1,130

2 BR

$1,410

3 BR

$1,810

4 BR+

$1,870

Research median

$1,410/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 48842 changed -1.1% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent has fallen 4 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($88,340) is $2,209 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,870).

Cheaper nearby

ZIP 48911, 3 miles away, rents for 32% less ($1,158/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48842. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,304/yr

At $1,692/mo median

Location

CityHolt

StateMI

CountyIngham County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.1% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.1% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 48842 (Holt, MI) is majority owner-occupied, 40% of residents hold a bachelor's degree or higher.

Population

21,945

Median income

$88,340

Median age

39.6

Renters

33.5%

Age distribution

21.4%

21.1%

25.9%

12.4%

19.2%

Under 1821.4%

18–3421.1%

35–5425.9%

55–6412.4%

65+19.2%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

75.7%

White75.7%

Black7.3%

Hispanic7.4%

Asian4.8%

Other4.8%

Education (25+)

22.5%

31.9%

40%

No HS diploma5.6%

HS diploma22.5%

Some college31.9%

Bachelor's+40%

Housing tenure

66.5%

33.5%

Owner66.5%

Renter33.5%

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

2021 vs 2026

How ZIP 48842 in Holt, MI has changed in 5 years

Income

$71,640 → $88,340

up 23.3%

Population

21,415 → 21,945

up 2.5%

Renter share

33.1% → 33.5%

+0.4 pts

Bachelor's+

39.9% → 40%

+0.1 pts

On the earnings side, the typical household in ZIP 48842 in Holt, MI now reports about $88,340, up from $71,640 in 2021. Headcount in the area went from 21,415 to 21,945 between 2021 and 2024, a 2.5% change.

Community

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Local insights

Tips for renters in ZIP 48842

About renting in ZIP 48842

Last updated: October 17, 2026

ZIP code 48842 covers Holt, MI. The median rent here is $1,692/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,410/mo.

At 23% of local median household income ($88,340/yr), ZIP 48842 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48842?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,692/mo in ZIP 48842. The local median household income is $88,340/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48842?

Rent in ZIP 48842 has fallen 1.1% over the past year.

How does ZIP 48842 compare to other ZIPs in Michigan?

ZIP 48842 is one of the pricier among Michigan ZIP codes for rent, ranking #46 of 168 at $1,692/mo. Over the year to September 2026, rent in ZIP 48842 changed -1.1%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.