Saginaw, MI home prices
Typical home $175,095 · +5.4% in a year · income needed $53,500
The Saginaw, MI metro area ranks 739 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.4% in a year and +41.5% over five years. With 20% down at 7.11%, the typical home costs about $1,248 a month including 1.49% property tax (Saginaw County rate).
Mortgage on the typical Saginaw home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,019 | $140,076 | $942 | $0 | $306 | $1,248 | $53,500 |
| 10% down | $17,510 | $157,586 | $1,060 | $66 | $306 | $1,431 | $61,300 |
| 5% down | $8,755 | $166,340 | $1,119 | $69 | $306 | $1,494 | $64,000 |
| 3.5% down (FHA) | $6,128 | $171,924 | $1,157 | $77 | $306 | $1,540 | $66,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.49% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Saginaw area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saginaw County, MI | $175,096 | +5.4% | 1.49% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Saginaw?
The typical home in the Saginaw, MI metro area is worth $175,095 (Zillow, September 2026).
What salary do you need to buy a house in Saginaw?
About $53,500 a year for the typical home with 20% down at 7.11%.