Saginaw, MI 48604 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Saginaw, MI—48604

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$133,000

7.5% YoY Growth

Household Income

$53,800

17.2% YoY Growth

Days on Market

77.0% Longer YoY

Home Price Forecast

4.0%

Median Rent

$1,050

6.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,050

N/A

3-Bed Rent

N/A

Other Zip Codes in Saginaw, MI

48609 48603 48607 48601 48638 48602

Home Price Trends — Saginaw, MI

As of Dec '25, the median home price in Saginaw, MI is $133,000, with a year-over-year change of 7.5%. This indicates that home prices in Saginaw, MI are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$133,000	7.5%
Single Family	$133,000	8.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Saginaw, MI

As of July '25, Rentcast reports the average rent in Saginaw, MI is $1,060, with a year-over-year rent change of 6.1%. Per bedroom, the median rent as of July '25 in Saginaw, MI is 2-bedrooms: $1,060. The most common rental property sizes in Saginaw, MI are 3-bedroom and 2-bedroom, accounting for 34.1% and 24.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,050	$1,060
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,050	$1,060
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

13.3%

1 Bedroom

3.6%

2 Bedrooms

24.5%

3 Bedrooms

34.1%

4 Bedrooms

21.6%

5+ Bedrooms

2.9%

Property Listings — Saginaw, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Saginaw, MI is 52. This is a increase of 57.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$168,000	19.0%
Listing Count	30	55.0%
Listings as % of Homes	0.4%	55.0%
Days on Market	76	77.0%

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Demographics — Saginaw, MI

As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 11,300, which has decreased by -9.3% over the past 5 years. Saginaw, MI is a less popular place for families, as children make up 11.8% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,300	-9.3%
% Under 18	11.8%	-30.6%
% Seniors	12.5%	4.2%
% WFH	10.6%	241.9%
% w/ College Degree	24.2%	22.8%

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As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly white area, with 78.2% of the population identifying as white. The white population has grown by 6.2% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is black, making up 9.3% of the population. Foreign-born residents account for 1.9% of the population in Saginaw, MI, and this percentage has decreased by 36.7% 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	78.2%	6.2%
% Black	9.3%	-21.2%
% Hispanic	7.7%	-22.2%
% Asian	1.1%	-45.0%
% Foreign Born	1.9%	-36.7%

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Mortgage and Risk — Saginaw, MI

According to HUD data as of 2023, there were 166 mortgage originations in Saginaw, MI, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Saginaw, MI. Investor activity is low, as 2.0% 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	166
% Conventional Loans	69.0%
% Government Loans	31.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Saginaw, MI

Saginaw, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	71
Total Units Section 8	71
% Rentals under Section 8	6.4%
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$830
2 Bedroom	$40	$1,050	$1,090
3 Bedroom	N/A	N/A	$1,410
4 Bedroom	N/A	N/A	$1,450

Saginaw, MI—48604

Key Metrics at a Glance

Other Zip Codes in Saginaw, MI

Home Price Trends — Saginaw, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saginaw, MI

% of Rental Stock

Property Listings — Saginaw, MI

Demographics — Saginaw, MI

Race and Ethnicity

Mortgage and Risk — Saginaw, MI

Mortgages

Rentals and Section 8 — Saginaw, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Saginaw, MI

Home Price to Income Ratio

Saginaw, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Carrollton

Saginaw, MI

Saginaw, MI

Saginaw, MI

Saginaw, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$133,000
Median Household Income	$53,800

Saginaw, MI—48604

Key Metrics at a Glance

Other Zip Codes in Saginaw, MI

Home Price Trends — Saginaw, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Saginaw, MI

% of Rental Stock

Property Listings — Saginaw, MI

Demographics — Saginaw, MI

Race and Ethnicity

Mortgage and Risk — Saginaw, MI

Mortgages

Rentals and Section 8 — Saginaw, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Saginaw, MI

Home Price to Income Ratio

Saginaw, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Carrollton

Saginaw, MI

Saginaw, MI

Saginaw, MI

Saginaw, MI

Frequently Asked Questions

What is the average home price in Saginaw, MI 48604?

How have home prices in Saginaw, MI 48604 changed over the past year?

What is the home price projection for Saginaw, MI 48604?

What are the demographics of Saginaw, MI 48604?

How long does it take homes to sell in Saginaw, MI 48604?

What is the average rent price in Saginaw, MI 48604?