HousingHandbookReference data

U.S. ZIP Code · MI48601

Saginaw County · Saginaw, MI

Typical home value

$61,279[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.8%
5-year / yr
+3.5%
10-year / yr
+8.6%

Relative price

vs U.S.
-78.4%
vs metro
-69.8%
vs state
-74.4%
ZIP 48601 location in MI
Location of ZIP 48601 in MI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48601 is worth $61,279 — 69.8% below the Saginaw, MI median. Over the past year, values have risen 3.8%. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.5%[3]
Typical annual tax
$945[3]

#Climate risk

FEMA National Risk Index ratings for Saginaw County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Very High

#Who lives here

Population
31,601[3]
Median household income
$38,900[3]

#Migration

Household moves in and out of Saginaw County over a year, from IRS tax-return data.

Net migration
-341[5]
Moved in
3,690
Moved out
4,031

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
11
Elementary
7
Middle
1
High
1
  • Francis Reh PSA

    Other · Grades PK–12 · Francis Reh PSA

    503 students

  • Saginaw High School

    High · Grades 9–12 · Saginaw School District of the City of

    427 students

  • Martin G Atkins Elementary School

    Elementary · Grades 2–5 · Bridgeport-Spaulding Community School District

    388 students

  • BridgeportSpaulding Middle SchoolSchrah

    Middle · Grades 6–8 · Bridgeport-Spaulding Community School District

    368 students

  • Jessie Loomis School

    Elementary · Grades PK–6 · Saginaw School District of the City of

    334 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$310
Loan principal$49,023
Down payment$12,256
Total interest paid$62,526

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$440
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
6th percentile[1]
Rental yield
[2]
Property tax
88th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48601?
The typical home in 48601 is worth $61,279, based on the Zillow Home Value Index.
Are home values rising in 48601?
Home values in 48601 are up 3.8% over the past year, and up 3.5% a year over five years.
What is the property tax rate in 48601?
The effective property tax rate in 48601 is 1.5% — roughly $945 a year on a typical home.
Who lives in 48601?
ZIP code 48601 has a population of 31,601 and a median household income of $38,900.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Saginaw, MI

    Typical home
    $81,789
    Gross yield
    13.7%
  • Saginaw, MI

    Typical home
    $40,548
    Gross yield
  • Zilwaukee, MI

    Typical home
    $139,243
    Gross yield
  • Bridgeport CDP, MI

    Typical home
    $175,892
    Gross yield
  • Oakley, MI

    Typical home
    $190,218
    Gross yield
  • Saginaw, MI

    Typical home
    $198,449
    Gross yield

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