Saginaw, MI—48638
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 $193,000, with a year-over-year change of 7.4%. This indicates that home prices in Saginaw, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 7.4% |
| Single Family | $199,000 | 7.6% |
| Condos | $77,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $57,000 | -3.4% |
2 Bed | $97,000 | 3.2% |
3 Bed | $193,000 | 8.4% |
4 Bed | $242,000 | 7.1% |
| 5 Bed | $284,000 | 6.8% |
% of Housing Stock
Rental Trends — Saginaw, MI
As of July '25, Rentcast reports the average rent in Saginaw, MI is $934, with a year-over-year rent change of -20.8%. Per bedroom, the median rent as of July '25 in Saginaw, MI is 1-bedrooms: $835, 2-bedrooms: $1,010. The most common rental property sizes in Saginaw, MI are 2-bedroom and 1-bedroom, accounting for 47.1% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $920 | $934 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $835 |
| 2 Bed Rent | $920 | $1,010 |
| 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 42. This is a increase of 62.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -4.0% |
Listing Count | 63 | 56.0% |
| Listings as % of Homes | 0.3% | 56.0% |
Days on Market | 42 | 62.0% |
Demographics — Saginaw, MI
As of the latest ACS Survey released in 2023, Saginaw, MI has a population of 12,700, which has increased by 6.2% over the past 5 years. Saginaw, MI is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 6.2% |
% Under 18 | 20.7% | 8.9% |
% Seniors | 24.4% | 2.5% |
% WFH | 6.9% | 263.2% |
% w/ College Degree | 35.9% | 13.6% |
As of the latest ACS Survey released in 2023, Saginaw, MI is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Saginaw, MI is black, making up 14.3% of the population. Foreign-born residents account for 2.4% of the population in Saginaw, MI, and this percentage has decreased by 44.2% 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 | 72.6% | -4.7% |
% Black | 14.3% | 16.3% |
% Hispanic | 10.1% | 38.4% |
% Asian | 1.1% | -59.3% |
% Foreign Born | 2.4% | -44.2% |
Mortgage and Risk — Saginaw, MI
According to HUD data as of 2023, there were 191 mortgage originations in Saginaw, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
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 | 499 |
Total Units Section 8 | 488 |
% Rentals under Section 8 | 20.5% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $800 | $790 |
| 2 Bedroom | $110 | $920 | $1,030 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $193,000 |
| Median Household Income | $63,400 |