48638
Saginaw, Michigan.
Saginaw, Saginaw County, MI · Saginaw, MI metro · population 12,875
to buy the typical home at today's mortgage rate — +$653 (+159%) since Jan 2020.
- 1 year
- Up $9,415 +5%
- $193,318$202,733 since Sep 2025
- 5 years
- Up $62,632 +45%
- $140,101$202,733 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 48638$1,064
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in zip 48638 rose 4.9% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Saginaw, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48638
Mid-tier homes, smoothed and seasonally adjusted.
- 48638$202,733
- Saginaw$175,095
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 2.3 | 48602 | Saginaw | 27,127 | $1,073 | $84,229 |
| 3.3 | 48603 | Saginaw | 27,757 | $1,132 | $231,896 |
| 4.0 | 48609 | Saginaw | 11,966 | — | $218,380 |
| 4.4 | 48607 | Saginaw | 1,614 | $1,022 | $38,655 |
| 6.3 | 48601 | Saginaw | 31,601 | $927 | $60,273 |
| 6.4 | 48604 | Saginaw | 11,011 | $1,670 | $142,849 |
| 9.2 | 48623 | Freeland | 15,129 | — | $301,166 |
| 10.3 | 48722 | Bridgeport | 3,127 | — | $178,619 |
| 10.4 | 48626 | Hemlock | 5,766 | — | $252,099 |
| 11.1 | 48655 | Saint Charles | 5,760 | — | $204,887 |
| 11.6 | 48417 | Burt | 2,222 | — | $208,750 |
| 12.9 | 48708 | Bay City | 25,635 | $859 | $137,802 |
| 13.0 | 48706 | Bay City | 38,974 | $938 | $192,332 |
| 14.5 | 48734 | Frankenmuth | 7,746 | — | $321,686 |
| 14.8 | 48747 | Munger | 1,549 | — | $221,379 |
| 14.9 | 48415 | Birch Run | 8,918 | — | $238,983 |
| 15.3 | 48611 | Auburn | 6,093 | — | $236,559 |
| 15.9 | 48637 | Merrill | 3,024 | — | $204,383 |
| 16.1 | 48616 | Chesaning | 7,577 | — | $216,790 |
| 16.9 | 48457 | Montrose | 8,770 | — | $209,988 |
| 17.4 | 48757 | Reese | 3,708 | — | $221,740 |
| 17.7 | 48732 | Essexville | 11,340 | $973 | $207,418 |
| 18.2 | 48614 | Brant | 943 | — | $216,121 |
| 18.5 | 48631 | Kawkawlin | 3,681 | — | $230,529 |
| 19.6 | 48662 | Wheeler | 1,185 | — | $186,885 |
| 19.6 | 48640 | Midland | 32,492 | $1,355 | $247,709 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.