Saline, MI—48176
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saline, MI
As of Oct '25, the median home price in Saline, MI is $456,000, with a year-over-year change of 0.8%. This indicates that home prices in Saline, MI are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $456,000 | 0.8% |
| Single Family | $482,000 | 1.5% |
| Condos | $360,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $283,000 | 2.5% |
3 Bed | $413,000 | 2.0% |
4 Bed | $580,000 | 3.2% |
| 5 Bed | $680,000 | 1.9% |
% of Housing Stock
Rental Trends — Saline, MI
As of July '25, Rentcast reports the average rent in Saline, MI is $2,680, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Saline, MI is 1-bedrooms: $1,170, 2-bedrooms: $1,860, 3-bedrooms: $3,160, 4-bedrooms: $2,920. The most common rental property sizes in Saline, MI are 2-bedroom and 1-bedroom, accounting for 39.6% and 37.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,170 | $1,170 |
| 2 Bed Rent | $1,750 | $1,860 |
| 3 Bed Rent | $2,800 | $3,160 |
| 4 Bed Rent | $2,800 | $2,920 |
% of Rental Stock
Property Listings — Saline, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saline, MI is 38. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $551,000 | -1.0% |
Listing Count | 137 | 8.0% |
| Listings as % of Homes | 1.1% | 8.0% |
Days on Market | 38 | -24.0% |
Demographics — Saline, MI
As of the latest ACS Survey released in 2023, Saline, MI has a population of 23,300, which has decreased by -1.8% over the past 5 years. Saline, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 58.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -1.8% |
% Under 18 | 21.9% | -9.1% |
% Seniors | 22.2% | 44.2% |
% WFH | 20.7% | 245.0% |
% w/ College Degree | 58.4% | 1.9% |
As of the latest ACS Survey released in 2023, Saline, MI is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Saline, MI is hispanic, making up 5.3% of the population. Foreign-born residents account for 7.9% of the population in Saline, MI, and this percentage has increased by 9.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.9% | -2.7% |
% Black | 1.6% | 14.3% |
% Hispanic | 5.3% | 35.9% |
% Asian | 3.4% | 6.2% |
% Foreign Born | 7.9% | 9.7% |
Mortgage and Risk — Saline, MI
According to HUD data as of 2023, there were 585 mortgage originations in Saline, MI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Saline, MI. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 585 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Saline, MI
As of 2024, the percent of homes in Saline, MI under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Saline, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,170 | $1,120 |
| 2 Bedroom | -$420 | $1,750 | $1,330 |
| 3 Bedroom | -$1,190 | $2,800 | $1,610 |
| 4 Bedroom | -$990 | $2,800 | $1,810 |
Affordability — Saline, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $456,000 |
| Median Household Income | $111,000 |