Market Overview
Home Prices in Saginaw, MI
The median home value in Saginaw, MI is $135,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Saginaw are priced67% below average. Saginaw is part of the Saginaw, MI metro area.
Over the past five years, Saginaw home values have risen by approximately37.6%, reflecting strong long-term appreciation in this market.
Price History
Saginaw Home Price Trend
City Comparison
Saginaw vs. National Median
At $135,513, homes in Saginaw cost 67% below the national median of $410,000. This makes Saginaw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Saginaw?
20% Down Payment
$27,103
on $135,513
Monthly P&I
$707/mo
30-yr @ 6.8%
Total Monthly Est.
~$898/mo
incl. taxes & insurance
Income Needed
$35,920
gross annual (30% rule)
10% Down Option
$13,551
+ PMI applies
Loan Amount (20% dn)
$108,410
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Saginaw, MI?
The median home value in Saginaw is $135,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Saginaw?
Over the past year, home values in Saginaw have increased by 6.7%. Over five years, prices have risen approximately 37.6%.
How much do I need to earn to buy a home in Saginaw?
To comfortably afford the median home price of $135,513 with a 20% down payment ($27,103) at today's rates (6.8%), you'd need a gross annual income of approximately $35,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Saginaw compare to the national average home price?
The national median home value is approximately $410,000. At $135,513, homes in Saginaw are 67% below the national average.
What metro area is Saginaw part of?
Saginaw is part of the Saginaw, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.