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  4. /Saginaw, MI - 48604

Saginaw, MI—48604

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$144,000
6.6% YoY Growth
Household Income
$53,800
17.2% YoY Growth
Days on Market
26
38.0% Longer YoY
Home Price Forecast
3.0%
Median Rent
$1,050
6.1% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,050
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Saginaw, MI

486094860348607486014863848602
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Saginaw, MI

As of May '26, the median home price in Saginaw, MI is $144,000, with a year-over-year change of 6.6%. 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 TypeMedian Home ValueYoY % Change
All Homes
$144,0006.6%
Single Family $144,0005.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$113,0005.6%
    3 Bed
    		$143,0005.9%
    4 Bed
    		$154,0005.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    5.9%
    2 Bedrooms
    21.4%
    3 Bedrooms
    51.3%
    4 Bedrooms
    16.5%
    5+ Bedrooms
    1.8%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,060
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,050$1,060
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Saginaw, MI is 26. This is a increase of 38.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$150,0002.0%
    Listing Count
    		26-20.0%
    Listings as % of Homes0.4%-20.0%
    Days on Market
    		2638.0%
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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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$830
    2 Bedroom$40$1,050$1,090
    3 BedroomN/AN/A$1,410
    4 BedroomN/AN/A$1,450

    Affordability — Saginaw, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.1
    Median Home Price$144,000
    Median Household Income$53,800

    Saginaw, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Carrollton

    48724

    Saginaw, MI

    48607

    Saginaw, MI

    48602

    Saginaw, MI

    48603

    Saginaw, MI

    48638

    Frequently Asked Questions