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Saginaw, MI—48602

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$85,000
5.8% YoY Growth
Household Income
$46,100
28.8% YoY Growth
Days on Market
94
82.0% Longer YoY
Home Price Forecast
3.2%
Median Rent
$900
6.7% YoY Growth
1-Bed Rent
$650
0.3% YoY Growth
2-Bed Rent
$800
4.5% YoY Growth
3-Bed Rent
$1,050
11.9% YoY Growth

Other Zip Codes in Saginaw, MI

486094860448603486074860148638
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Saginaw, MI

As of May '26, the median home price in Saginaw, MI is $85,000, with a year-over-year change of 5.8%. This indicates that home prices in Saginaw, MI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$85,0005.8%
Single Family $85,0006.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $47,000
    6.8%
    2 Bed
    		$70,0004.5%
    3 Bed
    		$97,0006.6%
    4 Bed
    		$105,0006.1%
    5 Bed $120,4742.0%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    10.9%
    2 Bedrooms
    31.1%
    3 Bedrooms
    42.0%
    4 Bedrooms
    13.3%
    5+ Bedrooms
    1.8%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.7%
    1 Bedroom
    21.4%
    2 Bedrooms
    36.8%
    3 Bedrooms
    29.3%
    4 Bedrooms
    9.1%
    5+ Bedrooms
    0.6%

    Property Listings — Saginaw, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Saginaw, MI is 94. This is a increase of 82.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$85,4004.0%
    Listing Count
    		18855.0%
    Listings as % of Homes0.7%55.0%
    Days on Market
    		9482.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio1.6
    Median Home Price$85,000
    Median Household Income$46,100

    Saginaw, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Saginaw, MI

    48607

    Saginaw, MI

    48638

    Carrollton

    48724

    Saginaw, MI

    48603

    Saginaw, MI

    48604

    Frequently Asked Questions