Market Overview
Home Prices in Saginaw, MN
The median home value in Saginaw, MN is $356,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.9% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Saginaw are priced13% below average. Saginaw is part of the Duluth, MN-WI metro area.
Over the past five years, Saginaw home values have risen by approximately32.4%, reflecting strong long-term appreciation in this market.
Price History
Saginaw Home Price Trend
City Comparison
Saginaw vs. National Median
At $356,121, homes in Saginaw cost 13% 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
$71,224
on $356,121
Monthly P&I
$1,857/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,358/mo
incl. taxes & insurance
Income Needed
$94,320
gross annual (30% rule)
10% Down Option
$35,612
+ PMI applies
Loan Amount (20% dn)
$284,897
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, MN?
The median home value in Saginaw is $356,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.9% year-over-year.
How much have home prices changed in Saginaw?
Over the past year, home values in Saginaw have increased by 8.9%. Over five years, prices have risen approximately 32.4%.
How much do I need to earn to buy a home in Saginaw?
To comfortably afford the median home price of $356,121 with a 20% down payment ($71,224) at today's rates (6.8%), you'd need a gross annual income of approximately $94,320. 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 $356,121, homes in Saginaw are 13% below the national average.
What metro area is Saginaw part of?
Saginaw is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.