48638, Saginaw, MI

The zip code of 48638 in Saginaw, Michigan has a population of around 105,000 people. The median household income in this zip code is $54,711 which is significantly higher than the national median household income of $53,046. In addition, the home equity and home prices in this zip code are also considerably higher than the national average. As of March 2019, the median home value in this zip code is $153,900 which is more than double the national median home value of $102,500.

One reason why the home equity and home prices in 48638 are so high is that this area has a high concentration of affluent residents. According to data from Zillow, as of March 2019 there were an estimated 33% more affluent households in 48638 than there were nationally. This means that there are a lot of wealthy people who can afford to buy homes here at a high price. Additionally, many homes in 48638 have been recently renovated or upgraded which also contributes to their high values.