48438 — Lapeer County, Michigan Market Snapshot
Housing market data for zip code 48438 in Lapeer County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
30 sales in 2026 (year to date)
Median Sale Price
$402,500
Days to Sell
45
Homes Sold
30
Inventory
18
Sale-to-List
98.5%
New Listings
36
Price/SqFt
$216
Pending Sales
31
Conforming Loan Available
Most homebuyers in 48438 can comfortably use conventional financing. The median home price of $402,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48438's market is balanced with homes taking an average of 45 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 48438 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48438 can comfortably use conventional financing. The median home price of $402,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48438 are set at the county level.
2026 Loan Limits — Lapeer County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48438
To purchase the median home at $402,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,234.
Monthly Payment
$3,234
Income Required
$138,593
Principal & Interest
$2,480/mo
Down Payment (5%)
$20,125
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48438.
Estimated Monthly Payment
$2,641
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