Saginaw, MI—48609
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 $208,000, 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 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | 5.8% |
| Single Family | $212,000 | 6.5% |
| Condos | $170,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | 2.8% |
3 Bed | $223,000 | 6.7% |
4 Bed | $287,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saginaw, MI
As of July '25, Rentcast reports the average rent in Saginaw, MI is $1,230, with a year-over-year rent change of -29.3%. Per bedroom, the median rent as of July '25 in Saginaw, MI is 1-bedrooms: $1,470, 2-bedrooms: $1,000. The most common rental property sizes in Saginaw, MI are 2-bedroom and 3-bedroom, accounting for 44.1% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,470 | $1,470 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | N/A | N/A |
| 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 45. This is a decrease of -32.0% from last year, suggesting that homes are sitting on the market shorter 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 | $257,000 | 0.0% |
Listing Count | 39 | -30.0% |
| Listings as % of Homes | 0.4% | -30.0% |
Days on Market | 45 | -32.0% |
Demographics — Saginaw, MI
As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 12,200, which has remained stable by -0.5% over the past 5 years. Saginaw, MI is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -0.5% |
% Under 18 | 17.9% | -7.3% |
% Seniors | 28.0% | 12.0% |
% WFH | 8.6% | 207.1% |
% w/ College Degree | 26.1% | 3.2% |
As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is hispanic, making up 4.5% of the population. Foreign-born residents account for 5.0% of the population in Saginaw, MI, and this percentage has increased by 163.2% 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 | 90.7% | -4.1% |
% Black | 0.9% | 80.0% |
% Hispanic | 4.5% | 36.4% |
% Asian | 0.9% | 12.5% |
% Foreign Born | 5.0% | 163.2% |
Mortgage and Risk — Saginaw, MI
According to HUD data as of 2023, there were 210 mortgage originations in Saginaw, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
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 | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$700 | $1,470 | $770 |
| 2 Bedroom | $10 | $1,000 | $1,010 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $208,000 |
| Median Household Income | $78,800 |