ZIP 48623

ZIP 48623 is in the Saginaw, MI market. Market numbers below; the ZIP's rank is on the map.

Median cap rate

: 5.9%.

Median IRR

: 8.6%.

Median list price

: $149,450.

Appreciation

: 2.9%/yr .

Rent growth

: 2.7%/yr .

Sources: FHFA House Price Index® (developmental annual index), U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public listings under system-default underwriting, updated September 2026.