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Saginaw County, MI

RANK #147 / 996 NAT  ·  #17 / 36 MI  ·  POP 189,821

1YR FORECAST: +3.1%

5YR OUTLOOK: +34%

Our model projects Saginaw County's housing market to grow +3.1% over the next year, significantly outpacing the national average.

[01] Why Saginaw County?

Frankenmuth, known as "Michigan's Little Bavaria" and home to the world's largest Christmas store, is a notable town within Saginaw County. Located in the central part of Michigan's Lower Peninsula, Saginaw County is part of the Great Lakes Bay Region. It is a short drive from larger metropolitan areas like Detroit. The community offers a blend of urban and natural environments, with the Saginaw River and its tributaries flowing through the area, eventually connecting to Lake Huron. The county features numerous parks, an extensive trail system, and access to water activities, providing outdoor recreation opportunities. Commutes within Saginaw County are generally shorter than the national average, at around 18.4 minutes.

Life in Saginaw County is characterized by a relatively low cost of living, particularly for housing, which is below national and state averages. The area attracts a mix of families and young professionals, with most residents owning their homes. Public schools in Saginaw County generally perform at or above the state average in elementary grades. The economy, historically rooted in timber and manufacturing, has diversified and is seeing investments in sectors like healthcare, education, and advanced manufacturing. Saginaw Valley State University and two large hospital systems contribute to the region's economic landscape.

[02] Market Snapshot

Housing Ratio
2.8x

Undervalued relative to economy

GDP Growth
-1.0%

Contracting economy

Home Prices
+6.9%

Outpacing national median

Climate & Terrain
-3.3

Harsh climate or flat terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Nexteer Automotive Manufacturing
    5,000+
  2. 2
    Covenant HealthCare Healthcare
    2,500+
  3. 3
    Morley Companies, Inc. Other
    1,000+
  4. 4
    Meijer Retail
  5. 5
    Ascension St. Mary's of Michigan Healthcare
  6. 6
    Saginaw Valley State University Education
  7. 7
    Frankenmuth Bavarian Inn Inc. Hospitality
  8. 8
    Aleda E. Lutz Veteran Affairs Medical Center Healthcare
    500+
  9. 9
    Means Industries Manufacturing
  10. 10
    Frankenmuth Insurance Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Saginaw County U.S. National

The Numbers

DEMOGRAPHICS
Population
189,821
-0.38% YoY
Median Household Income
$56,579
Median Home Value
$131,100
+6.91% 12mo
Median Rent
$876
Average Annual Pay
$58,049
+1.4% YoY
Employment
79,478
+0.1% YoY
Income-to-Home-Value
0.4316
More affordable than average
Migration Inflow
3.67%
of pop. from another state
Bachelor's Degree+
22.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$159,900
Days on Market
44
Moderate pace
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
95.9%
Negotiation room for buyers
Sold Above List
23.0%
Listings w/ Price Drops
29.4%
Building Permits (2024)
141
Single-Family Permits
121

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.9
per 100K · nat avg 6.3
Firearm Fatalities
18.3
per 100K · nat avg 14.8
Injury Deaths
97.4
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$3,335M
TOTAL
PROJECT AMOUNT STATUS
Corning Advanced Manufacturing Facility Expansion
Corning Incorporated
$1,500M Under Construction
Saginaw Trail Pipeline Project
Consumers Energy
$610M Under Construction
Tsuga Solar Project
NextEra Energy Resources
$475M Planned
Meridian Wind Park
DTE Energy
$300M Operating
Eagle Creek Solar Park
EDP Renewables (Cleanview)
$250M Planned
Ripple Fiber Optic Network Expansion
Ripple Fiber
$200M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth -1.0% 4 percentile
Population Growth -0.4% 14 percentile
Income Growth +7.3% 21 percentile
Vacancy Rate 2.1% 7 percentile
Home Price Change +6.9% 97 percentile
Rent Growth +3.6% 62 percentile
Price/Rent 11x 81 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Saginaw County, MI a good place to move to?

Saginaw County ranks #147 out of 996 U.S. counties on the Boom Town Index with a score of 85/100, placing it in the top tier nationally. Median household income is $56,579 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Saginaw County affordable?

By national standards, Saginaw County is quite affordable. Homes here have a median value of $131,100, and the income-to-home-value ratio of 0.43 is well above the U.S. average — especially with median rent at just $876/month. Residents can generally buy a home without being cost-burdened.

Is Saginaw County growing or shrinking?

Population and employment in Saginaw County are both close to flat — population -0.4% YoY and jobs +0.1%. Home values shifted +6.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Saginaw County?

There's a moderate stream of newcomers. About 3.67% of residents moved from another state, which is above average and suggests Saginaw County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Saginaw County?

Home values climbed +6.9% year-over-year, which is a solid pace of appreciation. The median home in Saginaw County is now valued at $131,100. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

St. Joseph County, MI 84 Eaton County, MI 87 Kent County, MI 83 Newaygo County, MI 83 St. Clair County, MI 88 Lapeer County, MI 89 Outagamie County, WI 85 Scott County, IA 85