Rent to own Homes in Saginaw, MI
Saginaw has a thriving "old town" area: Located just a block from the Saginaw River, the Old Town district along Michigan Avenue and Court Street features an eclectic mix of independent restaurants, art galleries and fun dance clubs like The Mixx and Retro Rocks.
Saginaw, MI is a great place for affordable rent-to-own homes! With a median household income of over $30,845 and a median rent of $747, the Saginaw, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Saginaw, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Saginaw, MI Property Resources
Rent to own Homes in Cities Near Saginaw, MI
- Argentine
- Bancroft
- Beecher
- Birch Run
- Bridgeport
- Burt
- Burton
- Byron
- Clarkston
- Clio
- Corunna
- Davisburg
- Davison
- Durand
- Fenton
- Flint
- Flushing
- Frankenmuth
- Gaines
- Goodrich
- Grand Blanc
- Hartland
- Highland
- Holly
- Lake Fenton
- Lennon
- Linden
- Millington
- Montrose
- Mount Morris
- New Lothrop
- Ortonville
- Otisville
- Otter Lake
- Swartz Creek
- Vernon
- White Lake
Neighborhoods in Saginaw, MI
Coulter rent to own homes Sherwill rent to own homes Saginaw Central Historic District rent to own homes The Grove rent to own homes Old Saginaw Historic District rent to own homes Arthur Eddy rent to own homes Fairground rent to own homes East Genesee Historic District rent to own homes Covenant rent to own homes Southwest rent to own homesPopular Zip Codes in Saginaw, MI
48606 rent to own homes 48607 rent to own homes 48602 rent to own homesBuying a Home in Saginaw, MI
Saginaw, MI is seeing rapid growth and Saginaw, MI's' housing market remains optimal with an average home price that is -81% below the 2024 national average. Saginaw, MI is part of Saginaw county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Saginaw is 1.52% which is above the national average, which is 0.99%.
Median Home Price in Saginaw, MI
Median Rent in Saginaw, MI
Reasons to Live in Saginaw, MI
This is a really affordable housing market: House prices here are way cheaper than the national average. With home prices at just $43,200 on average, you could get almost four houses here for the cost of the national median. The Adams Boulevard and Heritage Square neighborhoods have active neighborhood associations to help keep the place nice.
Saginaw appreciates its history: Saginaw was originally founded by loggers in the 1800s who took advantage of the transportation resources of the Saginaw River. Buildings like the Hoyt Public Library and Saginaw Historical Museum are cool old buildings that maintain their original glory.
There's a group of people dedicated to urban renewal: The old lumber barons' homes still have beautiful architectural features like original wood floors and copper ceilings and are primed for restoration. Neighborhoods like Houghton-Jones and the Cathedral District are ground zero for this revival.
Rental housing is abundant and cheap: Whether you want a rent to own house or an all bills paid apartment, the higher than average 16% vacancy rate means there are rental housing options here that will meet anyone's wish. Rent to own apartments here are really affordable, too, from individual duplex style apartments throughout the city or the rows of apartment complexes along Center and Shattuck.
You can enjoy a day out at a local, minor league sporting game: During the winter, you can see the Saginaw Spirit hockey game or take in a Great Lakes Loons baseball game in the summer.
Growth: There has been a 20% increase on new home construction over the last year. New homes are still being built on the outskirts of town, which provides attractive rent to own homes, duplexes and home ownership opportunities. Neighborhoods like Shields and Freeland, on the edges of town are seeing the most growth.
This area has plenty of opportunities to appreciate the arts: The Temple Theatre regularly shows classic movies and hosts performances of plays, and the Dow Event Center attracts national level musical acts.
Saginaw offers fine independent dining options: Between Jake's Old City Grill in Old Town to the upscale dining at the Willow Tree restaurant, you're not limited to only chain restaurants around here.
It's easy to rent a house or apartment here if you have credit challenges: The vacancy rate in Saginaw is only 4.3%. On the plus side, landlords here tend to be more forgiving than those in some larger cities, so you can get a second chance when you need one. Neighborhoods around the First Ward or Arthur Eddy are especially affordable.
The Outdoors: This area is sometimes called the gateway to northern Michigan, because it's one of the last populated areas before you go "up north," as the locals call it. When you can't get away, you can still appreciate nature's beauty at local places like the man-made beach at Haithco Park and the picnic facilities and trails at Imerman Memorial Park.