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ZIP Code · MI

ZIP 48603

Part of Saginaw, MI
Pop. 27,757·Saginaw County·146th most expensive ZIP in Michigan
Median rent (all units)
$1,147/mo
Year-over-Year
+7.6%
Month-over-Month
-0.9%
vs US Median
-$818
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48603 · $1,147
More affordable than 94% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$940
2 BR
$1,230
3 BR
$1,590
4 BR+
$1,630
Research median
$1,230/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
$13,764/yr
At $1,147/mo median
Location
StateMI
CountySaginaw County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.6% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 48603 (Saginaw, MI) is majority owner-occupied, has a large retiree population, 37.2% of residents hold a bachelor's degree or higher.

Population
27,757
Median income
$66,352
Median age
41
Renters
33.1%
Age distribution
20.4%
22.5%
22.2%
12.7%
22.2%
Under 1820.4%
18–3422.5%
35–5422.2%
55–6412.7%
65+22.2%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
76.3%
White76.3%
Black11.1%
Hispanic10.5%
Asian5.2%
Education (25+)
25.5%
31%
37.2%
No HS diploma6.2%
HS diploma25.5%
Some college31%
Bachelor's+37.2%
Housing tenure
66.9%
33.1%
Owner66.9%
Renter33.1%

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

2021 vs 2026

How ZIP 48603 in Saginaw, MI has changed in 5 years

Income
$58,341 → $66,352
up 13.7%
Population
27,603 → 27,757
up 0.6%
Renter share
33.5% → 33.1%
-0.4 pts
Bachelor's+
34.2% → 37.2%
+3.0 pts
Median age
43.5 → 41
-2.5 yrs

On the earnings side, the typical household in ZIP 48603 in Saginaw, MI now reports about $66,352, up from $58,341 in 2021. College-educated residents now make up 37.2% of adults here, versus 34.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 48603

About renting in ZIP 48603

Last updated: July 20, 2026

ZIP code 48603 covers Saginaw, MI. The median rent here is $1,147/mo as of July 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,230/mo.

At 21% of local median household income ($66,352/yr), ZIP 48603 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48603?

As of July 20, 2026, the median monthly rent in ZIP 48603 (Saginaw, MI) is $1,147. This is based on aggregated data from public sources and community submissions.

How does ZIP 48603 rent compare to the US average?

ZIP 48603's median rent of $1,147/mo is $818 (42%) below the US national median of $1,965/mo.

How does ZIP 48603 compare to other ZIPs in Michigan?

ZIP 48603 is among the more affordable ZIP codes in Michigan, ranking #146 out of 165 ZIPs at $1,147/mo.

How much income do you need to rent in ZIP 48603?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (~$22/hour full-time) to afford the median rent of $1,147/mo in ZIP 48603. The local median household income is $66,352/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48603?

Rent in ZIP 48603 has increased 7.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48603 an affordable place to rent?

ZIP 48603 is considered very affordable for renters. At $1,147/mo, rent takes approximately 21% of the local median household income ($66,352/yr). The standard benchmark is 30%. ZIP 48603 falls comfortably within that range.

What percentage of ZIP 48603 residents rent vs. own?

According to Census data, approximately 33.1% of ZIP 48603 households are renters, while 66.9% are owner-occupied. ZIP 48603 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48603 compare to the rest of Saginaw?

ZIP 48603 is pricier than Saginaw as a whole. At $1,147/mo, it's $10 above the Saginaw citywide median of $1,137/mo.

When was rent data for ZIP 48603 last updated?

Rent data for ZIP 48603 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,147/mo, rent takes ~21% of ZIP 48603's median household income ($66,352/yr). The standard benchmark is 30%.

ZIP 48603 21%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48603 (Saginaw, MI)

Recent submissions

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