ZIP Code 48623
standardSource:
Freeland · Saginaw County · Michigan
- Population
- 13,993
- Median income
- $101,250
- Median home value
- $257,700
- Bachelor's or higher
- 36.3%
- Land area
- 190.6 sq mi
73/sq mi
▲ 33% vs US
higher than 82% of US ZIPs
▼ 7% vs US
higher than 59% of US ZIPs
Median age 41.7
Detroit
ZIP code 48623 in Freeland, Michigan has a population of 13,993. The median household income is $101,250, which is 33% above the national average. Median home value is $257,700, 7% below the US average. 36.3% of residents hold a bachelor's degree or higher.
ZIP code 48623 is classified by USPS as a standard delivery area and covers roughly 190.6 square miles in Freeland, Saginaw County, Michigan. The area is home to 13,993 residents, producing a population density of 73 people per square mile, and falls within the Detroit time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 48623 against Michigan and the nation.
On the economic side, the median household income for ZIP 48623 sits at $101,250 (38% above the Michigan average), while per-capita income is $44,097. The poverty rate stands at 5.5% and the unemployment rate at 4.0%. On housing, the median home value is $257,700 (17% above the state average) with median rent at $1,229 per month, and 89.8% of occupied units are owner-occupied, a direct signal of whether 48623 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 36.3% of adults hold a bachelor's degree or higher, the median age is 41.7, and the average commute is 22 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Saginaw County, so you can benchmark 48623 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 48623
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 48623.
- Construction
Construction
47 establishments
- Other services (except public administration)
Other services (except public administration)
30 establishments
- Health care and social assistance
Health care and social assistance
29 establishments
- Retail trade
Retail trade
25 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
25 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 48623, Freeland, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
13,993
Population
190.6
Area (sq mi)
73
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48623?
41.7
Median Age
55.0%
Male
45.0%
Female
0.7%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$101,250
Median Household Income
+38% vs state
$44,097
Per Capita Income
5.5%
Poverty Rate
4.0%
Unemployment Rate
21.8 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
5,547
Total Housing Units
5,234
Occupied Units
313
Vacant Units
2.58
Avg Household Size
Occupancy Type
$257,700
Median Home Value
+17% vs state
$1,229
Median Rent
1991
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+0.6%
YoY Change (2024)
172
HPI Index (2000 = 100)
+72%
Total Change Since 2000
Home values in ZIP 48623 have increased 0.6% over the past year (2024). Since 2000, this ZIP has seen +72% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.9% | 120 |
| 2021 | +11.6% | 134 |
| 2022 | +13.2% | 152 |
| 2023 | +12.9% | 171 |
| 2024 | +0.6% | 172 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 274 business establishments in ZIP 48623, employing approximately 2,399 people with a combined annual payroll of $113,492,000.
274
Businesses
2,399
Employees
$113.5M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 47 | 17.1% |
| Other services (except public administration) | 30 | 10.9% |
| Health care and social assistance | 29 | 10.6% |
| Retail trade | 25 | 9.1% |
| Professional, scientific, and technical services | 25 | 9.1% |
| Transportation and warehousing | 19 | 6.9% |
| Accommodation and food services | 18 | 6.6% |
| Real estate and rental and leasing | 17 | 6.2% |
| Finance and insurance | 16 | 5.8% |
| Administrative and support and waste management and remediation services | 14 | 5.1% |
| Wholesale trade | 10 | 3.6% |
| Manufacturing | 6 | 2.2% |
| Educational services | 6 | 2.2% |
| Arts, entertainment, and recreation | 5 | 1.8% |
| Information | 3 | 1.1% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 48623 vs 48611 →
More ZIP Codes in Saginaw County
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Frequently Asked Questions
What county is ZIP code 48623 in? ▼
What is the population of ZIP code 48623? ▼
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How many businesses are in ZIP code 48623? ▼
What are the main industries in ZIP code 48623? ▼
How have home values changed in ZIP code 48623? ▼
What is the education level in ZIP code 48623? ▼
What is the average commute time in ZIP 48623? ▼
What percentage of residents own vs. rent in ZIP 48623? ▼
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ZIP Code Research Guides
Official Data Resources for Freeland, MI
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.