Saginaw, MI—48603
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 $219,000, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 5.8% |
| Single Family | $215,000 | 6.4% |
| Condos | $270,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | 5.0% |
3 Bed | $203,000 | 7.4% |
4 Bed | $293,000 | 5.4% |
| 5 Bed | $381,000 | 4.4% |
% of Housing Stock
Rental Trends — Saginaw, MI
As of July '25, Rentcast reports the average rent in Saginaw, MI is $1,110, with a year-over-year rent change of 19.2%. Per bedroom, the median rent as of July '25 in Saginaw, MI is studios: $499, 1-bedrooms: $941, 2-bedrooms: $1,050, 3-bedrooms: $1,480, 4-bedrooms: $2,300. The most common rental property sizes in Saginaw, MI are 2-bedroom and 1-bedroom, accounting for 51.5% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,110 |
| Studio Rent | $499 | $499 |
| 1 Bed Rent | $825 | $941 |
| 2 Bed Rent | $1,020 | $1,050 |
| 3 Bed Rent | $1,480 | $1,480 |
| 4 Bed Rent | $2,300 | $2,300 |
% 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 32.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $321,000 | 10.0% |
Listing Count | 83 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 47 | 32.0% |
Demographics — Saginaw, MI
As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 27,800, which has increased by 4.2% over the past 5 years. Saginaw, MI is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | 4.2% |
% Under 18 | 19.8% | 11.9% |
% Seniors | 21.8% | 1.9% |
% WFH | 9.6% | 242.9% |
% w/ College Degree | 37.0% | 8.8% |
As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly white area, with 70.3% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is black, making up 12.1% of the population. Foreign-born residents account for 6.1% of the population in Saginaw, MI, and this percentage has decreased by 18.7% 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 | 70.3% | -7.7% |
% Black | 12.1% | 36.0% |
% Hispanic | 9.9% | 26.9% |
% Asian | 5.2% | 13.0% |
% Foreign Born | 6.1% | -18.7% |
Mortgage and Risk — Saginaw, MI
According to HUD data as of 2023, there were 499 mortgage originations in Saginaw, MI, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Saginaw, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 499 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Saginaw, MI
As of 2024, the percent of homes in Saginaw, MI under the Section 8 program is 11.9%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Saginaw, MI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 455 |
Total Units Section 8 | 455 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 96.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $825 | $880 |
| 2 Bedroom | $130 | $1,020 | $1,150 |
| 3 Bedroom | $10 | $1,480 | $1,490 |
| 4 Bedroom | -$780 | $2,300 | $1,520 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $219,000 |
| Median Household Income | $65,700 |