Saginaw, MI—48601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saginaw, MI
As of Oct '25, the median home price in Saginaw, MI is $56,000, with a year-over-year change of -0.3%. This indicates that home prices in Saginaw, MI are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $56,000 | -0.3% |
| Single Family | $56,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $43,000 | -2.3% |
3 Bed | $78,000 | 2.6% |
4 Bed | $107,000 | 3.9% |
| 5 Bed | $132,000 | 5.6% |
% of Housing Stock
Rental Trends — Saginaw, MI
As of July '25, Rentcast reports the average rent in Saginaw, MI is $901, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Saginaw, MI is 1-bedrooms: $756, 2-bedrooms: $911, 3-bedrooms: $929. The most common rental property sizes in Saginaw, MI are 3-bedroom and 2-bedroom, accounting for 40.6% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $866 | $901 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $756 |
| 2 Bed Rent | $895 | $911 |
| 3 Bed Rent | $866 | $929 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saginaw, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saginaw, MI is 47. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,900 | 25.0% |
Listing Count | 101 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 47 | 23.0% |
Demographics — Saginaw, MI
As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 32,100, which has decreased by -9.1% over the past 5 years. Saginaw, MI is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 8.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,100 | -9.1% |
% Under 18 | 26.1% | -1.1% |
% Seniors | 20.7% | 24.0% |
% WFH | 5.5% | 83.3% |
% w/ College Degree | 8.4% | -6.7% |
As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly black area, with 60.9% of the population identifying as black. The black population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is white, making up 27.3% of the population. Foreign-born residents account for 1.2% of the population in Saginaw, MI, and this percentage has increased by 9.1% 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 | 27.3% | 9.2% |
% Black | 60.9% | 1.0% |
% Hispanic | 11.7% | 6.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | 9.1% |
Mortgage and Risk — Saginaw, MI
According to HUD data as of 2023, there were 241 mortgage originations in Saginaw, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Saginaw, MI. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Saginaw, MI
Saginaw, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,119 |
Total Units Section 8 | 1,694 |
% Rentals under Section 8 | 37.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $700 | $790 |
| 2 Bedroom | $135 | $895 | $1,030 |
| 3 Bedroom | $464 | $866 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $56,000 |
| Median Household Income | $37,800 |