Brokers — List your Company Here
Featured local agent — ZIP 48602
Sarah Mitchell
Compass Real Estate · ZIP 48602
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
48602 ZIP Code Housing Market
$95,950median sale price
What is the 48602 housing market like right now?
The median home sale price in ZIP code 48602 is $95,950, down 3.1% year-over-year. Homes sell in an average of 42 days with 125 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 48602 ZIP code a buyer's or seller's market?
ZIP code 48602 is currently a balanced market and homes selling in about 42 days. How we determine this →
What are the latest 48602 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $95,950 |
| Median list price | $81,889 |
| Year-over-year price change | -3.1% |
| Average days on market | 42 days |
| Active inventory | 125 listings |
| Sale-to-list price ratio | 96.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48602 zip code, located in Saginaw, MI, is currently classified as a balanced market. The median sale price stands at $95,950, representing a -3.1% change year over year. Homes in this area spend an average of 42 days on the market before going under contract. There are currently 125 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48602 sits in the Saginaw, MI area, roughly 1.2 miles from downtown Saginaw. Because home prices are set street by street, this ZIP can move differently from Saginaw's citywide averages. The figures below reflect 48602 specifically — drawn from Redfin transactions, U.S. Census data for its 27,127 residents, and Zillow value estimates.
Homes sold
90
Last 12 weeks
Days on market
42
Average pace
Active listings
125
Sale-to-list
96.3%
Below asking
What is driving the 48602 housing market?
The 48602 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 96.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48602 have declined -3.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 48602 stands at $85,656, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $990 per month. This gives a price-to-rent ratio of approximately 7.2, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48602?
Population
27,127
Median income
$46,984/yr
Median age
36.1 years
Owner-occupied
64.2%
College grads
16.5%
Avg commute
17.71 min
What is it like living in 48602?
Zip code 48602 is home to approximately 27,127 residents. The median household income is $46,984 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 64.2% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 16.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.71 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48602.
Which public schools serve ZIP 48602?
10 schools tracked · 3,426 students
The largest public schools serving ZIP code 48602 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Arthur Hill High School
Grades 9-12 · 671 students
Saginaw Arts and Sciences Academy
Grades 6-12 · 401 students
Thompson Middle School
Grades 7-8 · 373 students
Kempton Elementary School
Grades PK-6 · 354 students
Stone School
Grades PK-6 · 350 students
Handley School
Grades PK-5 · 320 students
Merrill Park Elementary School
Grades PK-6 · 317 students
Herig School
Grades PK-6 · 316 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 48602
What is the median home price in 48602?
The current median sale price in 48602 is $95,950, based on recent Redfin transaction data. Prices have changed -3.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48602 a buyer's or seller's market?
The 48602 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 48602?
Zip code 48602 has a population of approximately 27,127 residents. The median household income is $46,984 per year. About 64.2% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48602?
Properties Incorporated provides comprehensive data for 48602 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48602 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Be the brokerage on this page
1 slot per pageGet featured on ZIP 48602
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this neighborhood. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get zip code 48602 market alerts
Weekly updates on prices, inventory, and trends. Free forever.