Rental Markets in Michigan
DoorBase tracks rental market data across Michigan by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.
Michigan Rental Market Overview
The current sample of indexable Michigan ZIP markets shows average median rent of $1,525, average median home value of $279,430, average cap-rate high of 5.7%, average vacancy of 7.3%, renter ratio near 31.9%, and median household income around $73,839. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.
Michigan is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.
Featured Michigan ZIP Markets
| ZIP | City | Rent | Cap Rate | Vacancy | Population |
|---|
| 48197 |
Ypsilanti |
$1,252 |
1.8-3.4% |
4.7% |
65,911 |
| 48180 |
Taylor |
$1,528 |
5.3-6.9% |
5.6% |
62,405 |
| 48044 |
Macomb |
$1,735 |
2.2-3.8% |
1.4% |
58,631 |
| 48103 |
Ann Arbor |
$2,082 |
2.1-3.7% |
5.1% |
54,635 |
| 48228 |
Detroit |
$1,213 |
11.7-13.3% |
16.1% |
52,719 |
| 48187 |
Canton |
$1,890 |
2.6-4.2% |
5.5% |
52,710 |
| 48126 |
Dearborn |
$1,832 |
4.7-6.3% |
9.6% |
52,075 |
| 48439 |
Grand Blanc |
$1,067 |
1.8-3.4% |
3.7% |
52,071 |
| 48823 |
East Lansing |
$1,351 |
2.2-3.8% |
11.1% |
49,379 |
| 49201 |
Jackson |
$1,105 |
2.4-4% |
8.3% |
49,114 |
| 49424 |
Holland |
$1,909 |
2.7-4.3% |
4.6% |
48,995 |
| 48185 |
Westland |
$1,313 |
3.4-5% |
5.7% |
48,364 |
| 49009 |
Kalamazoo |
$1,249 |
1.6-3.2% |
6.9% |
47,606 |
| 48066 |
Roseville |
$1,284 |
4.5-6.1% |
4.3% |
47,240 |
| 48235 |
Detroit |
$1,331 |
9.2-10.8% |
11.4% |
46,960 |
| 48843 |
Howell |
$1,850 |
2.6-4.2% |
2.8% |
46,902 |
| 49423 |
Holland |
$1,560 |
2.4-4% |
6.7% |
46,693 |
| 48219 |
Detroit |
$1,343 |
9.9-11.5% |
13.8% |
45,788 |
| 48188 |
Canton |
$2,058 |
2.8-4.4% |
3.3% |
45,522 |
| 49442 |
Muskegon |
$1,155 |
3.7-5.3% |
9.3% |
44,412 |
| 48307 |
Rochester |
$1,773 |
2.3-3.9% |
5.4% |
44,267 |
| 48038 |
Clinton Township |
$1,323 |
2.5-4.1% |
3.3% |
44,250 |
| 48111 |
Belleville |
$1,402 |
2.4-4% |
7.5% |
44,193 |
| 48104 |
Ann Arbor |
$2,141 |
1.9-3.5% |
9.3% |
43,762 |
| 48310 |
Sterling Heights |
$1,514 |
2.6-4.2% |
3.5% |
43,218 |
| 48858 |
Mount Pleasant |
$1,044 |
2.5-4.1% |
10.2% |
42,732 |
| 48212 |
Hamtramck |
$1,151 |
5.6-7.2% |
19.6% |
42,587 |
| 49508 |
Grand Rapids |
$1,690 |
2.8-4.4% |
3.6% |
41,924 |
| 48183 |
Trenton |
$1,804 |
4.2-5.8% |
3.9% |
41,863 |
| 48221 |
Detroit |
$1,288 |
6-7.6% |
11.3% |
41,750 |
| 49221 |
Adrian |
$1,125 |
3-4.6% |
8.3% |
41,041 |
| 48170 |
Plymouth |
$1,601 |
1.6-3.2% |
4.5% |
40,573 |
| 48911 |
Lansing |
$1,125 |
3.9-5.5% |
6.9% |
40,407 |
| 49504 |
Grand Rapids |
$1,358 |
2.6-4.2% |
7.9% |
40,402 |
| 49426 |
Hudsonville |
$2,031 |
2.6-4.2% |
3.9% |
39,986 |
| 48127 |
Dearborn Heights |
$1,397 |
3-4.6% |
5.8% |
39,943 |
| 48047 |
New Baltimore |
$1,864 |
3.1-4.7% |
4.5% |
39,825 |
| 49341 |
Rockford |
$1,975 |
2.3-3.9% |
3% |
39,680 |
| 48146 |
Lincoln Park |
$1,399 |
5.7-7.3% |
5.2% |
39,511 |
| 48198 |
Ypsilanti |
$1,691 |
4.5-6.1% |
5.2% |
39,507 |
| 48060 |
Port Huron |
$1,077 |
3.6-5.2% |
7.6% |
39,502 |
| 48227 |
Detroit |
$1,370 |
13.2-14.8% |
22.2% |
39,474 |
| 49507 |
Grand Rapids |
$1,633 |
4.1-5.7% |
3.6% |
39,389 |
| 48224 |
Detroit |
$1,338 |
11-12.6% |
19.7% |
38,771 |
| 48706 |
Bay City |
$887 |
2.5-4.1% |
7.3% |
38,756 |
| 48430 |
Fenton |
$1,454 |
2-3.6% |
5% |
38,731 |
| 49503 |
Grand Rapids |
$1,514 |
3-4.6% |
8.8% |
37,874 |
| 48178 |
South Lyon |
$1,610 |
1.6-3.2% |
3.3% |
37,303 |
| 48239 |
Redford |
$1,525 |
5.3-6.9% |
4.6% |
37,039 |
| 48105 |
Ann Arbor |
$2,332 |
2.2-3.8% |
7.8% |
36,959 |
| 48154 |
Livonia |
$2,413 |
4.3-5.9% |
4.1% |
36,915 |
| 49441 |
Muskegon |
$1,326 |
2.9-4.5% |
10.1% |
36,703 |
| 49120 |
Niles |
$1,376 |
3.8-5.4% |
5.7% |
36,652 |
| 49203 |
Jackson |
$1,258 |
4.5-6.1% |
10% |
36,520 |
| 48186 |
Westland |
$1,295 |
3.8-5.4% |
7.6% |
35,791 |
| 49548 |
Grand Rapids |
$1,323 |
2.9-4.5% |
4.5% |
35,119 |
| 48312 |
Sterling Heights |
$1,472 |
2.8-4.4% |
3% |
35,026 |
| 49506 |
Grand Rapids |
$1,781 |
2.2-3.8% |
4.4% |
35,025 |
| 48124 |
Dearborn |
$1,906 |
4.9-6.5% |
6% |
34,156 |
| 48021 |
Eastpointe |
$1,426 |
5.8-7.4% |
5.1% |
34,003 |
Notable ZIP Markets in This Sample
The highest estimated cap-rate band in this sample tops out at 18.2% in ZIP 48205 (Detroit).
The lowest vacancy in this sample is 1.4% in ZIP 48044 (Macomb).
The highest median rent in this sample is $2,413 in ZIP 48154 (Livonia).
The highest median household income in this sample is $130,781 in ZIP 48178 (South Lyon).
Rental Markets by City
Detroit
Detroit has 8 ZIP codes in this sample. Median rents range from $1,213 to $1,370. Estimated cap-rate bands reach up to 18.2% at the high end. Vacancy averages 17.7%. See ZIP 48228 for the full market profile.
Grand Rapids
Grand Rapids has 8 ZIP codes in this sample. Median rents range from $1,323 to $1,875. Estimated cap-rate bands reach up to 5.7% at the high end. Vacancy averages 5.1%. See ZIP 49508 for the full market profile.
Ann Arbor
Ann Arbor has 3 ZIP codes in this sample. Median rents range from $2,082 to $2,332. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 7.4%. See ZIP 48103 for the full market profile.
Sterling Heights
Sterling Heights has 3 ZIP codes in this sample. Median rents range from $1,472 to $1,556. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 3.7%. See ZIP 48310 for the full market profile.
Lansing
Lansing has 3 ZIP codes in this sample. Median rents range from $1,125 to $1,395. Estimated cap-rate bands reach up to 6.7% at the high end. Vacancy averages 6.3%. See ZIP 48911 for the full market profile.
Ypsilanti
Ypsilanti has 2 ZIP codes in this sample. Median rents range from $1,252 to $1,691. Estimated cap-rate bands reach up to 6.1% at the high end. Vacancy averages 5.0%. See ZIP 48197 for the full market profile.
Canton
Canton has 2 ZIP codes in this sample. Median rents range from $1,890 to $2,058. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 4.4%. See ZIP 48187 for the full market profile.
Holland
Holland has 2 ZIP codes in this sample. Median rents range from $1,560 to $1,909. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 5.7%. See ZIP 49424 for the full market profile.
Macomb
Macomb has 2 ZIP codes in this sample. Median rents range from $1,735 to $2,305. Estimated cap-rate bands reach up to 4.6% at the high end. Vacancy averages 1.9%. See ZIP 48044 for the full market profile.
Dearborn
Dearborn has 2 ZIP codes in this sample. Median rents range from $1,832 to $1,906. Estimated cap-rate bands reach up to 6.5% at the high end. Vacancy averages 7.8%. See ZIP 48126 for the full market profile.
Jackson
Jackson has 2 ZIP codes in this sample. Median rents range from $1,105 to $1,258. Estimated cap-rate bands reach up to 6.1% at the high end. Vacancy averages 9.2%. See ZIP 49201 for the full market profile.
Westland
Westland has 2 ZIP codes in this sample. Median rents range from $1,295 to $1,313. Estimated cap-rate bands reach up to 5.4% at the high end. Vacancy averages 6.7%. See ZIP 48185 for the full market profile.
How to Use the Michigan Directory
Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.
The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.
State Coverage and Internal Links
This page links into the canonical ZIP URL structure, such as /rentals/mi/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.
DoorBase currently tracks 80 sampled ZIP markets across 50 Michigan cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.
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