Saugatuck, MI—49453
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saugatuck, MI
As of Oct '25, the median home price in Saugatuck, MI is $606,000, with a year-over-year change of 7.1%. This indicates that home prices in Saugatuck, MI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $606,000 | 7.1% |
| Single Family | $643,000 | 6.6% |
| Condos | $518,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $302,000 | 6.0% |
2 Bed | $527,000 | 6.0% |
3 Bed | $608,000 | 5.4% |
4 Bed | $770,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saugatuck, MI
Saugatuck, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saugatuck, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Saugatuck, MI is 89. This is a increase of 17.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | -24.0% |
Listing Count | 46 | 16.0% |
| Listings as % of Homes | 0.8% | 16.0% |
Days on Market | 89 | 17.0% |
Demographics — Saugatuck, MI
As of the latest ACS Survey released in 2023, Saugatuck, MI has a population of 2,730, which has increased by 11.0% over the past 5 years. Saugatuck, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 52.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,730 | 11.0% |
% Under 18 | 18.7% | 39.6% |
% Seniors | 28.7% | 4.0% |
% WFH | 21.9% | 40.4% |
% w/ College Degree | 52.2% | -5.1% |
As of the latest ACS Survey released in 2023, Saugatuck, MI is a predominantly white area, with 92.4% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Saugatuck, MI is hispanic, making up 3.6% of the population. Foreign-born residents account for 3.6% of the population in Saugatuck, MI, and this percentage has increased by 63.6% 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 | 92.4% | 4.4% |
% Black | 0.0% | N/A |
% Hispanic | 3.6% | -33.3% |
% Asian | 1.2% | 50.0% |
% Foreign Born | 3.6% | 63.6% |
Mortgage and Risk — Saugatuck, MI
According to HUD data as of 2023, there were 88 mortgage originations in Saugatuck, MI, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Saugatuck, MI. Investor activity is low, as 7.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 31.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Saugatuck, MI
Saugatuck, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Saugatuck, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $606,000 |
| Median Household Income | $101,000 |