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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Saginaw, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Saginaw, MI Housing Market Trends

With 43,477 people, 18,092 houses or apartments, and a median cost of homes of $56,044, house prices in Saginaw are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Saginaw, accounting for 77.17% of the city's housing units. Other types of housing that are prevalent in Saginaw include duplexes, homes converted to apartments or other small apartment buildings ( 10.77%), large apartment complexes or high rise apartments ( 9.16%), and a few row houses and other attached homes ( 1.99%).

The most prevalent building size and type in Saginaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.65% owning and 45.35% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Saginaw's housing was primarily built during this period, from the '40s through the '60s. A full 46.67% of the city's housing hails from this era. Other housing ages represented in Saginaw include homes built before 1939 ( 39.23%) and housing constructed between 1970-1999 ( 12.13%). There's also some housing in Saginaw built between 2000 and later ( 1.97%).

Vacant housing appears to be an issue in Saginaw. Fully 14.58% of the housing stock is classified as vacant. Left unchecked, vacant Saginaw homes and apartments can be a drag on the real estate market, holding Saginaw real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Saginaw Home Appreciation Rates

Appreciation rates for homes in Saginaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.85%, which ranks in the top 40% nationwide. This equates to an annual average Saginaw house appreciation rate of 6.79%.

NeighborhoodScout's data show that during the latest twelve months, Saginaw's appreciation rate, at 4.12%, has been at or slightly above the national average. In the latest quarter, Saginaw's appreciation rate has been 9.66%, which annualizes to a rate of 44.62%.

Importantly, NeighborhoodScout’s exclusive research found that Saginaw's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Michigan, our data show that Saginaw's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Saginaw differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saginaw - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Saginaw real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$56,044

Saginaw, MI Home Prices
> $1,419,000
$1,064,001 - $1,419,000
$709,001 - $1,064,000
$567,001 - $709,000
$426,001 - $567,000
$284,001 - $426,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.0%
0.0%
0.1%
0.1%
0.1%
0.1%
0.6%
0.6%
0.2%
0.2%
1.3%
1.3%
5.4%
5.4%
31.6%
31.6%
60.6%
60.6%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

18,092

Saginaw Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,341 / per month

Homeownership Rate

Owners
Renters
Vacant
54.7%
54.7%
45.3%
45.3%
14.6%
14.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.0%
2.0%
12.1%
12.1%
46.7%
46.7%
39.2%
39.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.2%
77.2%
2.0%
2.0%
10.8%
10.8%
9.2%
9.2%
0.8%
0.8%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
12.3%
12.3%
29.1%
29.1%
43.3%
43.3%
10.9%
10.9%
2.8%
2.8%
0% 100.0%
% of Homes