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Housing market/Michigan/ZIP 48237

ACS 2023 · FY2027 SAFMR

ZIP 48237 Oak Park, Michigan

Detroit-Warren-Livonia, MI HUD Metro FMR Area · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,370
Households
12,722
Median HH income
$65,882
Renter share
40.7%
Median gross rent
$1,354
Vacancy
2.4%
Pop. change
-1.6%
2BR SAFMR
$1,720
SAFMR / rent
1.270×
2–49 unit stock
1,592
LIHTC proj / units
5 / 470
HUD assisted MF
5 / 367

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 48237 · MI — sent to you.

ZIP 48237 · MI

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ACS rent vs 2BR SAFMR

ZIP 48237 — Oak Park, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,354
2BR SAFMR$1,720
90% floor$1,548
110% ceiling$1,892

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 48237

  • 1-unit detached9,59973.6%
  • 1-unit attached9967.6%
  • 2–4 units4083.1%
  • 5–49 units1,1849.1%
  • 50+ units8496.5%
TypeUnitsShare
1-unit detached9,59973.6%
1-unit attached9967.6%
2 units (duplex)700.5%
3–4 units3382.6%
5–9 units5914.5%
10–19 units4433.4%
20–49 units1501.2%
50+ units8496.5%
Mobile00.0%

2–4 unit share 3.1% · 5–49 unit share 9.1% · combined 2–49 12.2%.

Units by bedrooms

Studio
209
1BR
1,229
2BR
2,738
3BR
7,988
4BR
754
5+
118

Rent burden

Rent ≥30% of income46.1%
Rent ≥50% of income22.7%
  • ACS median gross rent $1,354 (all bedrooms, occupied rentals).
  • Median contract rent $1,107.
  • Renters paying ≥30% of income 46.1%; ≥50% 22.7%.
  • FY2027 2BR SAFMR $1,720 (1.270× ACS median gross rent).

Population

29,370 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 470 units.
  • HUD project-based assisted MF: 5 properties, 367 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 236 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 48237 40.7% of occupied households are renters; vacancy is 2.4%; ACS median gross rent is $1,354; population changed -1.6% between the 2018 and 2023 ACS vintages; the housing stock includes 408 units in 2–4-unit structures and 1,184 units in 5–49-unit structures; 5 LIHTC projects totaling 470 units; FY2027 2BR SAFMR is $1,720 versus ACS median gross rent of $1,354. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Michigan research

ZIP 48237 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48237 — Oak Park, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
48001Detroit-Warren-Livonia, MI HUD Metro FMR Area16.4%$921$1,19048002Detroit-Warren-Livonia, MI HUD Metro FMR Area2.7%$783$1,30048003Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$925$1,14048004Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,27048005Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$1,141$1,32048006Detroit-Warren-Livonia, MI HUD Metro FMR Area6.4%$1,077$1,37048009Detroit-Warren-Livonia, MI HUD Metro FMR Area23.8%$1,891$2,19048012Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,63048014Detroit-Warren-Livonia, MI HUD Metro FMR Area13.8%$827$1,02048015Detroit-Warren-Livonia, MI HUD Metro FMR Area42.6%$627$1,06048017Detroit-Warren-Livonia, MI HUD Metro FMR Area26.5%$1,255$1,51048021Detroit-Warren-Livonia, MI HUD Metro FMR Area31.1%$1,335$1,630

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 48237?

ZIP 48237 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 29,370 residents, 12,722 households, a renter share of 40.7%, median household income of $65,882, and ACS 2023 median gross rent of $1,354. Vacancy is 2.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48237?

ACS counts 70 units in 2-unit buildings, 338 in 3–4 unit buildings, 591 in 5–9, 443 in 10–19, and 150 in 20–49. Combined 2–49 unit stock is 1,592 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48237?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,720. See the full schedule and 90–110% payment-standard band on the ZIP 48237 — Oak Park, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48237 is Census / HUD research for Detroit-Warren-Livonia, MI HUD Metro FMR Area. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.