Property Management in 48237, Oak Park
48237 Property Management Leasing Co.
Zamzam Property Management leases and manages single-family homes and multi-family units in ZIP code 48237, which serves Oak Park, Michigan: marketing, tenant screening, rent collection, maintenance and inspections. Below are the rent figures for 48237 and the rental rules that apply here.
Get a Free Rental Analysis48237 Rental Market at a Glance:
| Population | 29,318 |
| Occupied homes | 12,452 |
| Homes that are rented | 4,571 (37%) |
| Median gross rent | $1,396 |
| Median home value | $212,300 |
| Median household income | $71,510 |
Median Rent in 48237 by Bedroom Count:
| 1 bedroom | $1,027 |
| 2 bedrooms | $1,412 |
| 3 bedrooms | $1,735 |
Median gross rents across all occupied rentals, including long-standing leases, with utilities paid by the tenant. Sizes without a reliable Census figure are left out.
HUD Fair Market Rents in 48237:
| 1 bedroom | $1,380 |
| 2 bedrooms | $1,720 |
| 3 bedrooms | $2,090 |
| 4 bedrooms | $2,270 |
HUD sets these for fiscal year 2027 for housing choice voucher payments. They include utilities and sit a little below the middle of the market, so a well-kept home may rent for more.
Rental Rules That Apply in 48237:
ZIP code 48237 serves Oak Park. Rental registration, licensing and inspection rules are set by each city or township, so the address decides which rules apply. A ZIP code can also reach into a neighboring community.
Oak Park: property management in Oak Park.
Sources: U.S. Census Bureau, American Community Survey 2020 to 2024 5-year estimates, ZIP Code Tabulation Area 48237 (tables B01003, B25003, B25064, B25077, B19013, B25031); U.S. Department of Housing and Urban Development, Small Area Fair Market Rents, FY 2027. A Census ZIP code area can differ slightly from the postal ZIP code.
48237 Property Management FAQ
What is the average rent in 48237?
The median gross rent in ZIP code 48237 is $1,396 per month, according to the Census Bureau's 2020 to 2024 American Community Survey. Three-bedroom rentals have a median of $1,735.
What is the HUD fair market rent in 48237?
For fiscal year 2027, HUD sets the fair market rent in 48237 at $1,720 for a two-bedroom home and $2,090 for a three-bedroom home. These figures include utilities and are used for housing choice voucher payments.
Which rental rules apply in 48237?
ZIP code 48237 serves Oak Park. Rental registration, licensing and inspection rules are set by each city or township, so the address decides which rules apply. See the rules for Oak Park.
Do you manage Section 8 rentals in 48237?
Yes. We work with the Housing Choice Voucher program in Detroit and the surrounding communities, and we handle the housing agency paperwork and the inspections. See Section 8 property management.
I live out of state. Can you manage my rental in 48237?
Yes. Owners can live anywhere. We lease the home, collect the rent, handle maintenance and inspections, and post statements to your owner portal. See property management for out-of-state owners.
How do I find out what my 48237 home will rent for?
Request a free rental analysis and we will send you a rent estimate for your address.
Talk to Us About Your 48237 Rental
Request a free rental analysis and we will send you a rent estimate for your address. Prefer to talk? Call 248-592-7688.
Tell Us About Your Rental:
- Property address and number of bedrooms
- Whether the home is vacant or occupied
- Who manages it now, if anyone
- Any city registration or inspection you know of