Saginaw, MI

Population: 51,230
Average annual home appreciation rate: 4.94%
Total of homes for sale in this market:
Median home price: $53,136
Median Rent: $446 per room
Home price range: 45.30% of homes are between $46,001 – $93,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 77.31% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 21.64%
Number of renters: 37.66%
Number of owner occupied: 62.34%
Number people living below poverty level: 36.88%
Unemployment rate: 17.2%
Is this area perfect for real estate deals going on right now? With the low home prices, above average rent, the growing appreciation rates, high percentage of vacant properties, and the high poverty rates in Saginaw, this could be the ‘perfect storm’ for the savvy real estate investor. The market is down, and looking as though it is making it’s long promised return.

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