Saginaw, MI—48602
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 $80,000, with a year-over-year change of 3.9%. This indicates that home prices in Saginaw, MI are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $80,000 | 3.9% |
| Single Family | $80,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $46,000 | 4.5% |
2 Bed | $67,000 | 3.1% |
3 Bed | $92,000 | 7.0% |
4 Bed | $98,000 | 6.5% |
| 5 Bed | $113,000 | 7.6% |
% of Housing Stock
Rental Trends — Saginaw, MI
As of July '25, Rentcast reports the average rent in Saginaw, MI is $919, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Saginaw, MI is studios: $650, 1-bedrooms: $678, 2-bedrooms: $867, 3-bedrooms: $1,130, 4-bedrooms: $1,140. The most common rental property sizes in Saginaw, MI are 2-bedroom and 3-bedroom, accounting for 36.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $919 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $650 | $678 |
| 2 Bed Rent | $800 | $867 |
| 3 Bed Rent | $1,050 | $1,130 |
| 4 Bed Rent | $1,200 | $1,140 |
% 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 76. This is a increase of 77.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $90,000 | -3.0% |
Listing Count | 183 | 57.0% |
| Listings as % of Homes | 0.7% | 57.0% |
Days on Market | 76 | 77.0% |
Demographics — Saginaw, MI
As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 27,500, which has decreased by -8.5% over the past 5 years. Saginaw, MI is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -8.5% |
% Under 18 | 24.9% | 2.0% |
% Seniors | 13.6% | 9.7% |
% WFH | 7.1% | 102.9% |
% w/ College Degree | 15.0% | 1.4% |
As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly white area, with 50.2% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is black, making up 27.7% of the population. Foreign-born residents account for 1.3% of the population in Saginaw, MI, and this percentage has decreased by 40.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.2% | -10.8% |
% Black | 27.7% | 14.5% |
% Hispanic | 17.3% | 9.5% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 1.3% | -40.9% |
Mortgage and Risk — Saginaw, MI
According to HUD data as of 2023, there were 341 mortgage originations in Saginaw, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 39.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 341 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Saginaw, MI
As of 2024, the percent of homes in Saginaw, MI under the Section 8 program is 14.6%. 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 Saginaw, MI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 794 |
Total Units Section 8 | 612 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $650 | $760 |
| 2 Bedroom | $200 | $800 | $1,000 |
| 3 Bedroom | $250 | $1,050 | $1,300 |
| 4 Bedroom | $130 | $1,200 | $1,330 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $80,000 |
| Median Household Income | $46,100 |