Southfield, Michigan is a part of the Southfield Submarket submarket area, and contains 6 zip codes: 48076, 48034, 48037, 48075, 48033, and 48086.
The 2019 average effective rent for Class A, B, and C apartments in the Southfield, MI submarket area was $1,146, which is 15.99% lower than 2014 average rent. This represents a compounded annual growth rate of 3.01%. 2019 vacancy in Southfield, MI was 2.80%.
The total population of the city of Southfield, MI has grown 1.98% since 2010. As of 2018, the population was 73,158. The median household income of the Southfield was $54,428, which is 9.73% lower than the national average.