Saginaw Section 8: A Small but Prime Cash-Flow Market
Saginaw, MI is an A-grade Section 8 market on CloseHound, where voucher rent routinely beats market and the cash-on-cash is strong before financing. The median 3-bedroom voucher of $1,480/mo supports a price near $148,000, with the 3-bed range running $1,400 to $1,590 across four Saginaw County ZIPs.
The honest note: this is a compact market — only four ZIPs in our sample — so deal flow is thinner than in Detroit, and you screen patiently rather than at volume. Property tax sits around 1.4% and insurance near 0.8%. Run each Saginaw address free on CloseHound to confirm the voucher covers the carry with room to spare.
Saginaw HUD Section 8 voucher rents by ZIP (FY2026)
Official HUD Small Area Fair Market Rents — the voucher ceiling a landlord can collect in each ZIP, by bedroom count.
| ZIP code | 2-bed | 3-bed | 4-bed |
|---|---|---|---|
| 48601 | $1,090/mo | $1,400/mo | $1,440/mo |
| 48602 | $1,090/mo | $1,400/mo | $1,440/mo |
| 48603 | $1,230/mo | $1,590/mo | $1,630/mo |
| 48607 | $1,210/mo | $1,560/mo | $1,600/mo |
Source: HUD FY2026 SAFMR. CloseHound underwrites live listings against these exact ceilings.
More Section 8 markets in Michigan
Saginaw Section 8 FAQ
What's the Section 8 voucher rent for a 3-bed in Saginaw?+
The median 3-bedroom voucher rent in Saginaw is about $1,480/mo for FY2026, ranging from $1,400 to $1,590 across sampled ZIPs.
Is Saginaw a good Section 8 market?+
Yes. Saginaw grades A, our top tier, meaning voucher rent routinely beats market and supports strong cash-on-cash. It is a smaller market, so expect lower deal volume than larger Michigan metros.
What price does the Saginaw voucher support?+
At the $1,480/mo median 3-bed voucher, the 1% rule supports a price near $148,000. Property tax near 1.4% and insurance around 0.8% are the costs to underwrite.
How do I find Section 8 deals in Saginaw?+
Because the market is compact, watch listings across the Saginaw County ZIPs steadily and screen each one free on CloseHound to catch the ones where the voucher beats the price.
Screen Saginaw deals free
See which Saginaw listings actually cash-flow on the voucher — underwritten and ranked by Deal Score.
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