HousingHandbookReference data

U.S. ZIP Code · MI48616

Saginaw County · Saginaw, MI

Typical home value

$213,172[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+7.1%
5-year / yr
+7.4%
10-year / yr
+8.2%

Relative price

vs U.S.
-25.0%
vs metro
+5.1%
vs state
-10.8%
ZIP 48616 location in MI
Location of ZIP 48616 in MI

Price history

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

The typical home in 48616 is worth $213,172 — 5.1% above the Saginaw, MI median. Over the past year, values have risen 7.1%. The effective property tax rate is 1.3%.

#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
1.3%[3]
Typical annual tax
$2,779[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
7,577[3]
Median household income
$66,819[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
4
Elementary
1
Middle
1
High
2
  • Chesaning Middle School

    Middle · Grades 4–8 · Chesaning Union Schools

    569 students

  • Big Rock Elementary School

    Elementary · Grades PK–3 · Chesaning Union Schools

    394 students

  • Chesaning Union High School

    High · Grades 9–12 · Chesaning Union Schools

    394 students

  • Chesaning Union Schools Alternative Education

    High · Grades 9–12 · Chesaning Union Schools

    30 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$1,078
Loan principal$170,537
Down payment$42,634
Total interest paid$217,511

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$1,486
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
88th percentile[1]
Rental yield
[2]
Property tax
59th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48616?
The typical home in 48616 is worth $213,172, based on the Zillow Home Value Index.
Are home values rising in 48616?
Home values in 48616 are up 7.1% over the past year, and up 7.4% a year over five years.
What is the property tax rate in 48616?
The effective property tax rate in 48616 is 1.3% — roughly $2,779 a year on a typical home.
Who lives in 48616?
ZIP code 48616 has a population of 7,577 and a median household income of $66,819.

#Comparable ZIPs

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

  • MI

    Typical home
    $215,980
    Gross yield
  • Shields CDP, MI

    Typical home
    $216,468
    Gross yield
  • Burt CDP, MI

    Typical home
    $204,078
    Gross yield
  • St. Charles, MI

    Typical home
    $201,501
    Gross yield
  • Merrill, MI

    Typical home
    $200,243
    Gross yield
  • Freeland CDP, MI

    Typical home
    $226,542
    Gross yield
    5.9%

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