Zip 48638 (Saginaw, MI) Housing

The housing market in 48638 Saginaw, MI is performing better than the national average. The median value for homes in this area is $166,500 compared to the US median value of $338,100. Over the last year, houses in 48638 Saginaw have appreciated by 9.86%, which is higher than the US 1 year house appreciation rate of 8.27%. This suggests that housing prices remain strong and are likely to continue improving in this location.

The median home cost in Saginaw (zip 48638) is $166,500. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Saginaw (zip 48638) is up 15.7%.

Average Age of Homes

- The median age of Saginaw (zip 48638) real estate is 47 years old

The Rental Market in Saginaw (zip 48638)

- Renters make up 30.2% of the Saginaw (zip 48638) population
- 2.8% of houses and apartments in Saginaw (zip 48638), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Saginaw, Michigan	United States
	6,359.0	139,647,020.0
	50	42
	$166,500	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$16.20	$10.98
	$2,198	$2,690
	62.2%	57.4%
	6.6%	11.2%
	31.2%	31.4%
Vacant Housing
	2.8%	1.9%
	0.8%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	3.0%	2.4%
	1.6%	2.8%
	7.1%	3.9%
	8.9%	4.5%
	38.7%	11.3%
	26.1%	13.0%
	9.5%	20.1%
	1.2%	13.6%
	1.1%	8.3%
	0.0%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.4%	13.6%
	1.4%	13.6%
	6.8%	13.6%
	10.2%	13.2%
	34.4%	14.8%
	6.8%	13.6%
	19.9%	10.0%
	4.1%	4.7%
	2.0%	12.2%

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