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ZIP Code · MI

ZIP 48602

Part of Saginaw, MI
Pop. 27,127·Saginaw County·163rd most expensive ZIP in Michigan
Median rent (all units)
$990/mo
Year-over-Year
+3.9%
Month-over-Month
+4.1%
vs US Median
-$975
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48602 · $990
More affordable than 98% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$750
1 BR
$830
2 BR
$1,090
3 BR
$1,400
4 BR+
$1,440
Research median
$1,090/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$11,880/yr
At $990/mo median
Location
StateMI
CountySaginaw County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.9% YoY, +4.1% MoM), not inventory.
Demographics

Who lives here

ZIP 48602 (Saginaw, MI) is majority owner-occupied, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.

Population
27,127
Median income
$46,984
Median age
36.1
Renters
35.8%
Age distribution
24.7%
24%
24.1%
13.3%
13.8%
Under 1824.7%
18–3424%
35–5424.1%
55–6413.3%
65+13.8%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
53.7%
26.9%
17.9%
White53.7%
Black26.9%
Hispanic17.9%
Other1.3%
Education (25+)
16.2%
33.2%
34.1%
16.5%
No HS diploma16.2%
HS diploma33.2%
Some college34.1%
Bachelor's+16.5%
Housing tenure
64.2%
35.8%
Owner64.2%
Renter35.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 48602 in Saginaw, MI has changed in 5 years

Income
$38,724 → $46,984
up 21.3%
Population
27,911 → 27,127
down 2.8%
Renter share
41.8% → 35.8%
-6.0 pts
Bachelor's+
15.2% → 16.5%
+1.3 pts

Median household income rose from $38,724 to $46,984 between 2021 and 2024, a 21.3% shift. The population has contracted by 2.8% since 2021, moving from about 27,911 residents to roughly 27,127. Renters now make up 35.8% of households, compared with 41.8% five years ago.

Community

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Local insights

Tips for renters in ZIP 48602

About renting in ZIP 48602

Last updated: July 20, 2026

ZIP code 48602 covers Saginaw, MI. The median rent here is $990/mo as of July 2026. A 1-bedroom rents for a median of $830/mo. A 2-bedroom rents for a median of $1,090/mo.

At 25% of local median household income ($46,984/yr), ZIP 48602 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48602?

As of July 20, 2026, the median monthly rent in ZIP 48602 (Saginaw, MI) is $990. This is based on aggregated data from public sources and community submissions.

How does ZIP 48602 rent compare to the US average?

ZIP 48602's median rent of $990/mo is $975 (50%) below the US national median of $1,965/mo.

How does ZIP 48602 compare to other ZIPs in Michigan?

ZIP 48602 is among the more affordable ZIP codes in Michigan, ranking #163 out of 165 ZIPs at $990/mo.

How much income do you need to rent in ZIP 48602?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $990/mo in ZIP 48602. The local median household income is $46,984/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48602?

Rent in ZIP 48602 has increased 3.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48602 an affordable place to rent?

ZIP 48602 is considered affordable for renters. At $990/mo, rent takes approximately 25% of the local median household income ($46,984/yr). The standard benchmark is 30%. ZIP 48602 falls comfortably within that range.

What percentage of ZIP 48602 residents rent vs. own?

According to Census data, approximately 35.8% of ZIP 48602 households are renters, while 64.2% are owner-occupied. ZIP 48602 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48602 compare to the rest of Saginaw?

ZIP 48602 is more affordable than Saginaw overall. At $990/mo, it's $147 below the Saginaw citywide median of $1,137/mo.

When was rent data for ZIP 48602 last updated?

Rent data for ZIP 48602 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $990/mo, rent takes ~25% of ZIP 48602's median household income ($46,984/yr). The standard benchmark is 30%.

ZIP 48602 25%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48602 (Saginaw, MI)

Recent submissions

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