48602, Saginaw, MI

The 48602 zip code of Saginaw, MI has a population of around 101,000 people. The median household income in this zip code is $50,000 which is lower than the Michigan median household income of $57,617. The homeownership rate in this zip code is around 63%, which is lower than the statewide homeownership rate of 67%. This means that there are more homes that are not owned by their occupants.

The average home value in this zip code is $130,000 which is higher than the statewide average home value of $120,000. However, the percentage of homes that are worth more than $200,000 is lower in this zip code than the statewide percentage of homes that are worth more than $200,000. The percentage of homes that are worth less than $100,000 is also lower in this zip code compared to the statewide percentage of homes that are worth less than $100,000.

One reason why the home values in this zip code are higher then the statewide average home value may be because there are more expensive homes available for sale then there are cheaper homes available for sale. Another reason could be because there are a lot more people who own their own home then there are people who live in rental housing.