48038 — Macomb County, Michigan Market Snapshot
Housing market data for zip code 48038 in Macomb County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
62 sales in 2026 (year to date)
Median Sale Price
$374,100
Days to Sell
19
Homes Sold
62
Inventory
25
Sale-to-List
99.3%
New Listings
70
Price/SqFt
$188
Pending Sales
67
Conforming Loan Available
Most homebuyers in 48038 can comfortably use conventional financing. The median home price of $374,100 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
Homes in 48038 are moving quickly at 19 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48038 (99.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48038 can comfortably use conventional financing. The median home price of $374,100 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 48038 are set at the county level.
2026 Loan Limits — Macomb 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 48038
To purchase the median home at $374,100 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,016.
Monthly Payment
$3,016
Income Required
$129,267
Principal & Interest
$2,305/mo
Down Payment (5%)
$18,705
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 48038.
Estimated Monthly Payment
$2,465
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