Department of Numbers

Saginaw Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Saginaw, MI (the Saginaw-Saginaw Township North metro area) was $720 in 2015 according to the Census ACS survey.1 Average gross rent in Saginaw was $692 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Saginaw median and average rent data will be released in September of 2017.

Data is also available below for Saginaw rental vacancy rates, Saginaw rent as a percent of median income and the fraction of renters in Saginaw.

Show dollars as: Nominal Real

Real Gross Rent in Saginaw Michigan (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Michigan Median Gross Rent $803 +2.42% +7.07%
Saginaw, MI Median Gross Rent $720 +3.30% +7.30%

Saginaw, MI Real Gross Rent Trends

Median gross rent for Saginaw peaked in real terms in 2008 at $725 and is now $5 (0.69%) lower. From a recent low of 665.0 in 2013, real median gross rent has now increased by $55 (8.27%). Average gross rent for Saginaw peaked in real terms in 2008 at $768 and is now $76 (9.90%) lower.

Real Gross Rent in Saginaw: Saginaw MI Median, Saginaw MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Saginaw

Date US
Median
Michigan
Median
Saginaw, MI
Median
Saginaw, MI
Average
2015 $959 $803 $720 $692
2014 $930 $784 $697 $685
2013 $898 $762 $665 $704
2012 $886 $750 $671 $649
2011 $887 $752 $721 $718
2010 $901 $769 $723 $693
2009 $905 $769 $687 $666
2008 $920 $788 $725 $768
2007 $874 $756 $684 $710
2006 $883 $781 $676 $649
2005 $858 $772 $689 $668

Saginaw Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Saginaw Michigan was 8.06% according to Census ACS data.

Rental Vacancy Rate in Saginaw Michigan

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Michigan 5.19% -0.69% -1.54%
Saginaw, MI 8.06% +1.07% +3.73%

Trends in Saginaw, MI Rental Vacancy Rate

The rental vacancy rate in Saginaw peaked in 2009 at 11.09%. Since then it has fallen by 3.03% to 8.06%. Data records for this series originated in 2005. From a 2012 post peak low of 4.33%, the rental vacancy rate has increased by 3.73%.

Rental Vacancy Rate: Saginaw MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Saginaw

Date US Michigan Saginaw, MI
2015 5.85% 5.19% 8.06%
2014 6.32% 5.88% 6.99%
2013 6.49% 6.04% 5.47%
2012 6.77% 6.73% 4.33%
2011 7.40% 7.72% 5.49%
2010 8.17% 9.60% 9.70%
2009 8.43% 9.48% 11.09%
2008 7.86% 9.73% 10.30%
2007 7.87% 9.66% 6.21%
2006 7.70% 10.42% 8.75%
2005 7.74% 10.09% 7.87%

Rent as a Fraction of Income

Using median household income data for Saginaw, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Saginaw, median monthly gross rent as a fraction of median household income was 19.92% in 2015 according to the ACS.

Saginaw Michigan Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Michigan 18.86% -0.11% -0.29%
Saginaw, MI 19.92% +1.22% 0.00%

Trends in Saginaw, MI Rent as a Fraction of Income

The fraction of median Saginaw household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 21.01%. Since then it has fallen by 1.10% to 19.92%.

Fraction of Income towards Rent: Saginaw MI, Michigan, US

Percent of median household income going towards median monthly gross rent in Saginaw Michigan

Historical Data for Annual Rent as a Fraction of Income in Saginaw Michigan

Date US Michigan Saginaw, MI
2015 20.63% 18.86% 19.92%
2014 20.89% 18.97% 18.70%
2013 20.78% 19.09% 19.35%
2012 20.65% 19.16% 19.91%
2011 20.70% 19.29% 21.01%
2010 20.50% 19.29% 19.63%
2009 20.12% 18.99% 19.56%
2008 19.00% 17.44% 18.79%
2007 18.66% 17.09% 17.23%
2006 18.90% 17.17% 18.27%
2005 18.89% 17.07% 17.57%

Renter Fraction in Saginaw Michigan

You can calculate the renter fraction in Saginaw in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Saginaw as a fraction of total Saginaw households. In 2015 29.43% of households were renters according to Census ACS data.

Saginaw Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Michigan 29.58% -0.18% +0.64%
Saginaw, MI 29.43% +3.45% +2.52%

Trends in the Saginaw, MI Renter Fraction

At 29.43%, the 2015 household based renter fraction in Saginaw was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Saginaw MI, Michigan, US

Fraction of renters in Saginaw

History of Saginaw Renter Fraction

Date US Michigan Saginaw, MI
2015 36.97% 29.58% 29.43%
2014 36.90% 29.76% 25.98%
2013 36.50% 29.45% 28.81%
2012 36.09% 28.94% 26.91%
2011 35.42% 28.26% 28.73%
2010 34.65% 27.25% 26.22%
2009 34.13% 26.81% 26.18%
2008 33.36% 26.02% 26.99%
2007 32.80% 25.17% 25.42%
2006 32.73% 24.83% 24.14%
2005 33.10% 25.33% 23.66%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.