ACS 2021 release
2017-2021 five-year estimate
- Median home value B25077
- $67,400Margin of error ±$15,368
- Median gross rent B25064
- $885Margin of error ±$53
- Population B01003
- 1,802Margin of error ±536
Rental market · ZIP 48607 · Saginaw, MI
ZIP 48607, Saginaw, MI rental market
Population 1,614 · Saginaw, Saginaw County, MI · ZIP Code Tabulation Area
Profile · ACS 2024 5-year
Not ranked
The survey value/rent margins of error are too wide (> 40%) to rank this area confidently.
It stays searchable; available government estimates remain below (data tier: Profile).
Key metrics
1,614
Population
±510 ±31% wide
$73,800
Median home value (ACS, owner-reported)
±$38,000 ±52% wide
$989
Median gross rent (ACS, incl. utilities)
±$99 ±10% moderate
16.1%
Survey gross-rent yield (proxy)
Derived from ACS estimates: no published margin of error
$37,973
Median household income
±$14,000 ±38% wide
19.3%
Rental vacancy
Derived from ACS estimates: no published margin of error
56.3%
Renter share
Derived from ACS estimates: no published margin of error
1.8%
Estimated property-tax burden
Derived from ACS estimates: no published margin of error
1938
Median year built
Direct ACS estimate: the Census Bureau publishes no margin of error for it
36.9%
Multifamily (5+ units)
Derived from ACS estimates: no published margin of error
Market context
Trend context
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View source data
Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.
| Series | 2017–2021 | 2018–2022 | 2019–2023 | 2020–2024 |
|---|---|---|---|---|
| Median home value B25077 | $67,400 ±$15,368 | $80,200 ±$33,870 | $44,500 ±$33,796 | $73,800 ±$38,175 |
| Median gross rent B25064 | $885 ±$53 | $972 ±$55 | $1,017 ±$81 | $989 ±$99 |
| Population B01003 | 1,802 ±536 | 1,676 ±530 | 1,523 ±383 | 1,614 ±506 |
ACS 2022 release
2018-2022 five-year estimate
- Median home value B25077
- $80,200Margin of error ±$33,870
- Median gross rent B25064
- $972Margin of error ±$55
- Population B01003
- 1,676Margin of error ±530
ACS 2023 release
2019-2023 five-year estimate
- Median home value B25077
- $44,500Margin of error ±$33,796
- Median gross rent B25064
- $1,017Margin of error ±$81
- Population B01003
- 1,523Margin of error ±383
ACS 2024 release
2020-2024 five-year estimate
- Median home value B25077
- $73,800Margin of error ±$38,175
- Median gross rent B25064
- $989Margin of error ±$99
- Population B01003
- 1,614Margin of error ±506
Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.
Measured market data
Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree; the reconciliation below states on which axis, one axis at a time, instead of leaving a reader to guess. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-08, not live.
| Figure | ACS survey estimate | Zillow measured index |
|---|---|---|
| Typical home value | $73,800±$38,000, the Census Bureau’s published 90% margin of error | $40,998no published margin of error |
| Methodology typical home value | The median of what owners themselves estimate their own home to be worth, across owner-occupied homes only. | A smoothed index of the typical value of homes in the middle tier (35th to 65th percentile) of the local stock, whether or not they sold. |
| Typical rent | $989/mo±$99, the Census Bureau’s published 90% margin of error | $1,023/mono published margin of error |
| Methodology typical rent | The median gross rent sitting tenants actually pay, including utilities, across the whole occupied rental stock. | An index of the rent landlords are asking on units newly listed for rent: what is on the market now, not what sitting tenants pay. |
| Gross rent yield | 16.08%no published margin of error | 29.93%no published margin of error |
| Methodology gross rent yield | The two survey medians above, divided. Renter gross rent against owner-occupied value is different housing stock, so this is a proxy and not a cap rate. | The two measured indices above, divided (ZORI × 12 ÷ ZHVI): asking rent against a whole-stock value index. |
| Source | U.S. Census Bureau, American Community Survey 5-year estimates. | Zillow Economic Research public research data. |
| Vintage | ACS 2024 5-year: one estimate pooled over 2020–2024. Restated once a year, not monthly, and adjacent releases overlap. | Monthly series, observed 2026-08 and revised in recent months. Not live. |
| Geography | 2020 Census ZIP Code Tabulation Area 48607. | USPS ZIP code 48607: a related, but not identical, area. |
The index for typical home value is $32,802 lower than the survey estimate, whose own 90% margin of error is ±$38,000: the two are not separated by more than survey sampling error alone. The index for typical rent is $34/mo higher than the survey estimate, whose own 90% margin of error is ±$99: the two are not separated by more than survey sampling error alone. A gap of either size is expected when the source, vintage, methodology and geography all differ, and is not evidence that either figure is wrong. Neither figure corrects the other, and no margin of error is implied for the index, which publishes none.
| Zillow Home Value Index (ZHVI, mid tier) | $40,998 |
|---|---|
| ZHVI bottom tier (5th–35th pct) | $26,580 |
| ZHVI top tier (65th–95th pct) | $72,387 |
| Zillow asking-rent index (ZORI) | $1,023/mo |
| Measured gross yield (ZORI × 12 ÷ ZHVI) | 29.93% |
| Market heat index | 34 |
| Measured 3-yr value growth | -1.59%/yr |
| Measured 5-yr value growth | -1.11%/yr |
Source: Zillow Economic Research public research data, observation month 2026-08. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.
Underwrite with these as starting points
Opening a calculator pre-loads the ACS median owner value and median gross rent as a survey-level starting point; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.
ZIP Codes bordering 48607
3 ZIP Code areas share a land boundary with 48607 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 3 of them are in CE’s ranked set and are listed below, each with its own Rental Investor ZIP Score, grade and national rank, read from the same published dataset as this page. The rest are counted here and searchable from the ZIP Code explorer. A neighbour’s score is a score for that area, never for 48607, and this list is ordered by border length, so it is not a ranking and no neighbour is called best.
Evidence, sources & limitations
Official geography: Saginaw city, Saginaw County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 48607, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z3-measured-v1; data ACS 2024 5-year.
This ZIP Code area is primarily in Saginaw County, overlapping Saginaw, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).
| Population | survey ACS B01003 · ±31% margin of error |
|---|---|
| Median home value (ACS, owner-reported) | survey ACS B25077 · ±52% margin of error |
| Median gross rent (ACS, incl. utilities) | survey ACS B25064 · ±10% margin of error |
| Survey gross-rent yield (proxy) | derived 12 * ACS B25064 / B25077 · no published margin of error |
| Median household income | survey ACS B19013 · ±38% margin of error |
| Rental vacancy | derived ACS B25004 E002 / (B25003 E003 + B25004 E002) · no published margin of error |
| Renter share | derived ACS B25003 E003/E001 · no published margin of error |
| Estimated property-tax burden | derived ACS B25103 / B25077 · no published margin of error |
| Median year built | survey ACS B25035 · no published margin of error |
| Multifamily (5+ units) | derived ACS B25024 (5+ unit structures / total) · no published margin of error |
Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.