The story of this market
The typical home in ZIP 48637 sells for about $184,500, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $740 a month.
ZIP 48637 — Merrill
The housing market in 48637 is characterized by low inventory and modest price appreciation consistent with rural Michigan trends. Market activity remains slow, reflecting a stable but quiet environment with limited turnover.
This area is primarily suited for families and retirees seeking a rural, low-density environment in central Michigan.
Median prices moved up 2.5% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.9% · poverty 15.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48637, Saginaw County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The local economy is primarily driven by agriculture and small-scale local services typical of rural Saginaw County.
Data retrieved from Census Bureau ZCTA-level tables.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.