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  4. /Saginaw, MI - 48638

Saginaw, MI—48638

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$205,000
6.6% YoY Growth
Household Income
$63,400
34.5% YoY Growth
Days on Market
40
15.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$920
20.8% YoY Growth
1-Bed Rent
$800
8.2% YoY Growth
2-Bed Rent
$920
30.3% YoY Growth
3-Bed Rent
N/A
N/A

Other Zip Codes in Saginaw, MI

486094860448603486074860148602
  • 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 $205,000, 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 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$205,0006.6%
Single Family $212,0005.5%
Condos $83,0005.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $59,000
    0.0%
    2 Bed
    		$105,0006.1%
    3 Bed
    		$205,0006.2%
    4 Bed
    		$254,0003.3%
    5 Bed $297,8383.5%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    13.0%
    2 Bedrooms
    24.8%
    3 Bedrooms
    44.9%
    4 Bedrooms
    13.7%
    5+ Bedrooms
    1.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$920$934
    Studio Rent N/AN/A
    1 Bed Rent $800$835
    2 Bed Rent $920$1,010
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    6.1%
    1 Bedroom
    29.8%
    2 Bedrooms
    47.1%
    3 Bedrooms
    13.0%
    4 Bedrooms
    3.9%

    Property Listings — Saginaw, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Saginaw, MI is 40. This is a increase of 15.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$260,0004.0%
    Listing Count
    		464.0%
    Listings as % of Homes0.3%4.0%
    Days on Market
    		4015.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		12,7006.2%
    % Under 18
    		20.7%8.9%
    % Seniors
    		24.4%2.5%
    % WFH
    		6.9%263.2%
    % w/ College Degree
    		35.9%13.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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
    		499
    Total Units Section 8
    		488
    % Rentals under Section 8
    		20.5%
    % Occupied Section 8
    		95.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$10$800$790
    2 Bedroom$110$920$1,030
    3 BedroomN/AN/A$1,330
    4 BedroomN/AN/A$1,370

    Affordability — Saginaw, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$205,000
    Median Household Income$63,400

    Saginaw, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Saginaw, MI

    48602

    Saginaw, MI

    48603

    Saginaw, MI

    48609

    Saginaw, MI

    48607

    Carrollton

    48724

    Frequently Asked Questions