48602 — Saginaw, MI Home Values
Typical home value $85,656 as of June 2026 · 18th of 20 in Saginaw, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48602, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48602 compares in the Saginaw, MI area
ZIP code 48602 (Saginaw, MI) has a typical home value of $85,656 as of June 2026, ranking 18th of 20 ZIP codes tracked in the Saginaw, MI area, more expensive than about 15% of ZIP codes in the metro. Prices here have moved +5.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +27.1%, from $67,391 in June 2021 to $85,656 in June 2026. Against observed rent, the typical home here sells for 7.2× the annual rent ($990/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Saginaw, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Saginaw.
Population and demographics
ZIP code 48602 has a population of 27,490, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 50.3% White, 24.9% Black or African American, 19.1% Hispanic or Latino, 5.1% two or more races, 0.3% American Indian or Alaska Native, 0.2% Asian, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Herig School | 1905 HOUGHTON AVE, SAGINAW, MI | 0.8 mi |
| Saginaw Academy of Excellence | 1300 MALZAHN ST, SAGINAW, MI | 0.8 mi |
| Chester F Miller School | 2020 BROCKWAY ST, SAGINAW, MI | 0.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48602?
$85,656 as of June 2026, the latest month Zillow has published observed data for.
Is 48602 an expensive ZIP code in the Saginaw, MI area?
48602 ranks 18th of 20 ZIP codes in the Saginaw, MI area by typical home value, more expensive than about 15% of ZIP codes in the metro.
How much have home values in 48602 changed over the past year?
+5.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 48602?
The typical home price is 7.2× the observed annual rent in this ZIP code ($990/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 48602?
27,490, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48602?
Herig School (0.8 mi), Saginaw Academy of Excellence (0.8 mi), Chester F Miller School (0.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48602?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Saginaw, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.