ZIP Code 48601 — Saginaw, MI Home Prices (2026)
The typical home in ZIP 48601 (Saginaw, Michigan) is worth about $59,000 at roughly $56 per square foot — 59% more affordable than the Saginaw median and 80% more affordable than the typical U.S. home.
How 48601 compares
ZIP 48601 is one of the more affordable ZIP codes in Saginaw: its typical home value of $59,000 ranks #6 of the 7 Saginaw ZIP codes we track (the citywide range runs from $37,000 in 48607 to $234,000 in 48603). Per square foot it costs about $56, against $113 for Saginaw as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48601 | $59,000 | $56 |
| Saginaw, MI | $144,000 | $113 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48601
Using this ZIP’s rate of about $56 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $56,000 |
| 1,500 sq ft | $84,000 |
| 2,000 sq ft | $112,000 |
| 2,500 sq ft | $140,000 |
| 3,000 sq ft | $168,000 |
Salary needed to buy a home in ZIP 48601
To buy the typical $59,000 home in ZIP 48601 with 20% down, you need a household income of roughly $16,000 a year (about $370 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $19,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $3,000 | $470/mo | $20,000/yr |
| 10% (+PMI) | $5,900 | $450/mo | $19,000/yr |
| 20% | $11,800 | $370/mo | $16,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48601
At about $56 per square foot, here is roughly how much home different budgets get you in ZIP 48601:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 2680 sq ft | above the median — larger homes or the pricier ZIPs |
| $200k | 3570 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 4460 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 5360 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48601 home.
Estimate a specific home in 48601
The estimator below is pre-set to ZIP 48601 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Saginaw ZIP codes by home value
Where 48601 sits among Saginaw’s 7 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 48603 | $234,000 | $152 |
| 2 | 48609 | $222,000 | $142 |
| 3 | 48638 | $205,000 | $128 |
| 4 | 48604 | $144,000 | $113 |
| 5 | 48602 | $85,000 | $74 |
| 6 | 48601 (this page) | $59,000 | $56 |
| 7 | 48607 | $37,000 | $36 |
ZIP 48601 home prices: frequently asked
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See the full Saginaw home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.