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Saline

Learn about the people, housing, costs and businesses in Saline, Michigan

Median Home$342,385
Median Rent$1,120/month
Population8,980
Leading IndustriesArts, Food & Hospitality · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+13.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners69% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableVeteran Community10% of residents · top 14% nationally
Saline
MI

Frequently Asked Questions

What are today's mortgage rates in Saline?

As of today, the 30-year fixed mortgage rate for Saline is approximately 6.904% (6.940% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Saline?

The median home value in Saline is $342k. The median monthly rent is $1,120. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Saline?

Home values in Saline have increased 13.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Saline?

Based on a typical all-in ownership cost of $1,562/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Saline is $88k/year.

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What industries drive the economy in Saline?

The largest employment sectors in Saline are public administration (24%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.