The housing market in Saginaw, MI (48602) is currently strong. The median value of a house here is $66,400, which is significantly lower than the national median value of $338,100. This makes housing in Saginaw more affordable for many individuals and families. In addition to being more affordable, the housing market in Saginaw has seen great appreciation over the past year at 9.86%. This rate of appreciation is greater than the national average appreciation rate of 8.27%. With these factors combined, it's no wonder why this area is seeing such strong growth in its housing market.
The median home cost in Saginaw (zip 48602) is $66,400. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Saginaw (zip 48602) is up 15.7%.
Average Age of Homes
- The median age of Saginaw (zip 48602) real estate is 71 years old
The Rental Market in Saginaw (zip 48602)
- Renters make up 28.4% of the Saginaw (zip 48602) population
- 3.2% of houses and apartments in Saginaw (zip 48602), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.