Rental numbers for the Saginaw, MI metro
The typical home here runs -$487 a month at 7.78% with 25% down, breaking even at about 1.6%. 2 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 9.8%.
- Gross yield
- 7.3%
- typical home, Zillow
- Median ZIP yield
- 9.8%
- 3 ZIPs with full data
- Cash flow
- -$487/mo
- at 7.78%, 25% down
- Typical price
- $177,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,076/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
20 with published figures
| 48607Saginaw | $41,000 | $1,023 | 29.9% | 20.1% | +$465 | n/a |
| 48601Saginaw | $62,000 | $1,090* | 21.2% | 13.4% | +$355 | n/a |
| 48602Saginaw | $86,000 | $1,090* | 15.1% | 8.4% | +$141 | n/a |
| 48604Saginaw | $145,000 | $1,670 | 13.8% | 8.1% | +$198 | n/a |
| 48722Bridgeport | $180,000 | $1,120* | 7.4% | 3.3% | -$474 | n/a |
| 48417Burt | $211,000 | $1,240* | 7.0% | 3.0% | -$603 | n/a |
| 48614Brant | $219,000 | $1,220* | 6.7% | 2.7% | -$686 | n/a |
| 48807Bannister | $184,000 | $1,020* | 6.7% | 2.5% | -$605 | n/a |
| 48638Saginaw | $204,000 | $1,130* | 6.7% | 2.7% | -$644 | n/a |
| 48637Merrill | $207,000 | $1,030* | 6.0% | 2.0% | -$773 | n/a |
| 48609Saginaw | $219,000 | $1,080* | 5.9% | 2.0% | -$819 | n/a |
| 48649Oakley | $198,000 | $970* | 5.9% | 2.2% | -$696 | n/a |
| 48415Birch Run | $243,000 | $1,180* | 5.8% | 2.4% | -$815 | n/a |
| 48603Saginaw | $233,000 | $1,106 | 5.7% | 1.9% | -$881 | +9.3% |
| 48655Saint Charles | $207,000 | $970* | 5.6% | 1.9% | -$792 | n/a |
| 48757Reese | $223,000 | $1,030* | 5.5% | 1.9% | -$856 | n/a |
| 48616Chesaning | $218,000 | $970* | 5.3% | 1.6% | -$884 | n/a |
| 48623Freeland | $303,000 | $1,330* | 5.3% | 1.9% | -$1,163 | n/a |
| 48626Hemlock | $255,000 | $1,090* | 5.1% | 1.6% | -$1,034 | n/a |
| 48734Frankenmuth | $326,000 | $990* | 3.6% | 0.6% | -$1,602 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.7%
- Rent, 12 months
- +8.7%
- Rent minus price growth
- +3.0 pts
- Property tax
- 1.48%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $126,784 | $787 |
| Aug 2022 | $140,754 | $864 |
| Aug 2023 | $148,390 | $881 |
| Aug 2024 | $156,778 | $935 |
| Aug 2025 | $167,145 | $990 |
| Aug 2026 | $176,680 | $1,076 |
Counties
- Saginaw County, MI9.8% median yield
- Tuscola County, MIn/a median yield
Tools
Questions
- Is the Saginaw, MI metro good for rental property?
- The typical home here runs -$487 a month at 7.78% with 25% down, breaking even at about 1.6%. 2 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 9.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Saginaw, MI metro have the highest rental yield?
- 48604 (Saginaw) at 13.8%, 48603 (Saginaw) at 5.7%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.