48637
Merrill, Michigan.
Merrill, Saginaw County, MI · Saginaw, MI metro · population 3,024
to buy the typical home at today's mortgage rate — +$647 (+152%) since Jan 2020.
- 1 year
- Up $11,537 +6%
- $192,847$204,383 since Sep 2025
- 5 years
- Up $57,118 +39%
- $147,265$204,383 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.
- 48637$1,073
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in zip 48637 rose 6.0% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Saginaw County, MI 69% · Midland County, MI 19% · Gratiot County, MI 12%
Zillow also publishes an index for the city itself: Merrill, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48637
Mid-tier homes, smoothed and seasonally adjusted.
- 48637$204,383
- 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 |
|---|---|---|---|---|---|
| 3.8 | 48662 | Wheeler | 1,185 | — | $186,885 |
| 5.5 | 48626 | Hemlock | 5,766 | — | $252,099 |
| 6.9 | 48615 | Breckenridge | 3,061 | — | $178,892 |
| 11.5 | 48614 | Brant | 943 | — | $216,121 |
| 11.7 | 48640 | Midland | 32,492 | $1,355 | $247,709 |
| 12.2 | 48880 | Saint Louis | 9,994 | — | $167,609 |
| 12.4 | 48655 | Saint Charles | 5,760 | — | $204,887 |
| 12.4 | 48623 | Freeland | 15,129 | — | $301,166 |
| 12.6 | 48609 | Saginaw | 11,966 | — | $218,380 |
| 15.7 | 48847 | Ithaca | 5,663 | — | $196,048 |
| 15.7 | 48603 | Saginaw | 27,757 | $1,132 | $231,896 |
| 15.9 | 48638 | Saginaw | 12,875 | — | $202,733 |
| 17.3 | 48801 | Alma | 13,278 | — | $164,806 |
| 17.8 | 48806 | Ashley | 1,752 | — | $192,976 |
| 18.2 | 48602 | Saginaw | 27,127 | $1,073 | $84,229 |
| 18.5 | 48807 | Bannister | 658 | — | $183,319 |
| 18.8 | 48649 | Oakley | 1,699 | — | $193,520 |
| 18.8 | 48883 | Shepherd | 7,292 | — | $224,733 |
| 19.0 | 48616 | Chesaning | 7,577 | — | $216,790 |
| 19.3 | 48611 | Auburn | 6,093 | — | $236,559 |
| 19.8 | 48604 | Saginaw | 11,011 | $1,670 | $142,849 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.