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These days, finding an affordable place to live in the Saginaw area can be challenging. Home prices in Saginaw are now at a median cost of $287,827, lower than the Minnesota average of $345,793.
The average cost of rent is $1,570/mo in Saginaw, primarily driven by the current value of real estate in the Saginaw area. In Saginaw, 14.04% of households rent, and 42.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Saginaw is $8,098 per month. Households that rent pay about 19.38% of their income on rent here. Saginaw’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harnell Park, MN: equally priced homes
- Burnett, MN: equally priced homes
- Culver, MN: equally priced homes
- Four Corners, MN: higher priced homes
- Alborn, MN: less expensive homes
- Canyon, MN: equally priced homes
- Cloquet, MN: less expensive homes
- Brookston, MN: less expensive homes
- Hermantown, MN: higher priced homes
- Prosit, MN: less expensive homes
Cities with Similar Populations
- Sharon, WI: less expensive homes
- Douglas, AK: higher priced homes
- Edmonston, MD: higher priced homes
- Elk Park, NC: less expensive homes
- Erie, IL: less expensive homes
- Glyndon, MN: equally priced homes
- Grand Forks Afb, ND: less expensive homes
- Hamshire, TX: less expensive homes
- Rye, CO: higher priced homes
- Sandy Spring, MD: higher priced homes
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