Saginaw, MI

Population: 50,303
Average annual home appreciation rate: -1.69%
Total of homes for sale in this market: 269
Median home price: $48,494
Median Rent: $668 per room
Home price range: 50.88% of homes are between $0 – $49,000
Median sales price: $47,700
Number of homes: 337
Median foreclosure sales price: $24,774
Foreclosure discount: 48%
Most common home type: 77.17% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 19.93%
Number of renters: 40.66%
Number of owner occupied: 59.34%
Number people living below poverty level: 37.40%
Unemployment rate: 10.50%
Is this area perfect for real estate deals going on right now? Relative to Michigan, data shows that Saginaw’s latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan. With the history of positive appreciation in the Saginaw area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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