Saginaw, MI—48604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saginaw, MI
As of Nov '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 | N/A | N/A |
2 Bed | $103,000 | 5.1% |
3 Bed | $131,000 | 7.4% |
4 Bed | $142,000 | 8.4% |
| 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 $1,060, 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 |
% of Rental Stock
Property Listings — Saginaw, MI
As of Nov '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 | $144,000 | 15.0% |
Listing Count | 35 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 52 | 57.0% |
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% |
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% |
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% |
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 |
Affordability — Saginaw, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $133,000 |
| Median Household Income | $53,800 |