Department of Numbers

Saginaw County Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Saginaw County MI was $740 in 2017 according to the Census ACS survey.1 Average gross rent in Saginaw County was $726 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Saginaw County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Saginaw County Michigan (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Michigan Median Gross Rent $835 +0.48% +3.47%
Saginaw County MI Median Gross Rent $740 -3.01% +3.21%

Saginaw County MI Real Gross Rent Trends

Median gross rent for Saginaw County peaked in real terms in 2016 at $763 and is now $23 (3.01%) lower. Average gross rent for Saginaw County peaked in real terms in 2008 at $790 and is now $64 (8.10%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Saginaw County

Date US
Median
Michigan
Median
Saginaw County MI
Median
Saginaw County MI
Average
2017 $1,012 $835 $740 $726
2016 $996 $831 $763 $704
2015 $987 $826 $741 $712
2014 $956 $807 $717 $704
2013 $924 $784 $684 $724
2012 $912 $772 $690 $668
2011 $912 $774 $742 $738
2010 $927 $791 $743 $713
2009 $931 $791 $706 $685
2008 $947 $811 $745 $790
2007 $899 $778 $704 $730
2006 $909 $804 $695 $668

Saginaw County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Saginaw County Michigan was 4.60% according to Census ACS data.

Rental Vacancy Rate in Saginaw County Michigan

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Michigan 4.87% -0.54% -1.01%
Saginaw County MI 4.60% -1.14% -2.39%

Trends in Saginaw County MI Rental Vacancy Rate

The rental vacancy rate in Saginaw County peaked in 2009 at 11.09%. Since then it has fallen by 6.49% to 4.60%. Data records for this series originated in 2005. From a 2012 post peak low of 4.33%, the rental vacancy rate has increased by 0.27%.

Rental Vacancy Rate: Saginaw County MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Saginaw County

Date US Michigan Saginaw County MI
2017 6.18% 4.87% 4.60%
2016 5.89% 5.41% 5.74%
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%

Rent as a Fraction of Income

Using median household income data for Saginaw County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Saginaw County, median monthly gross rent as a fraction of median household income was 19.59% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Michigan 18.25% -0.45% -0.72%
Saginaw County MI 19.59% -0.07% +0.89%

Trends in Saginaw County MI Rent as a Fraction of Income

The fraction of median Saginaw County 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 1.42% to 19.59%.

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

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

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

Date US Michigan Saginaw County MI
2017 20.13% 18.25% 19.59%
2016 20.43% 18.70% 19.66%
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%

Renter Fraction in Saginaw County Michigan

You can calculate the renter fraction in Saginaw County 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 County as a fraction of total Saginaw County households. In 2017 29.24% of households were renters according to Census ACS data.

Saginaw County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Michigan 28.67% -1.01% -1.09%
Saginaw County MI 29.24% +1.19% +3.26%

Trends in the Saginaw County MI Renter Fraction

The Saginaw County household renter fraction peaked in in 2015 at 29.43% and is now 0.19% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Saginaw County MI, Michigan, US

Fraction of renters in Saginaw County

History of Saginaw County Renter Fraction

Date US Michigan Saginaw County MI
2017 36.13% 28.67% 29.24%
2016 36.88% 29.68% 28.05%
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%

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.