48160 — Monroe County, Michigan Market Snapshot
Housing market data for zip code 48160 in Monroe County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
47 sales in 2026 (year to date)
Median Sale Price
$349,900
Days to Sell
37
Homes Sold
47
Inventory
37
Sale-to-List
99.1%
New Listings
62
Price/SqFt
$194
Pending Sales
53
Conforming Loan Available
Most homebuyers in 48160 can comfortably use conventional financing. The median home price of $349,900 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
48160's market is balanced with homes taking an average of 37 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 48160 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48160 can comfortably use conventional financing. The median home price of $349,900 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 48160 are set at the county level.
2026 Loan Limits — Monroe 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 48160
To purchase the median home at $349,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,831.
Monthly Payment
$2,831
Income Required
$121,321
Principal & Interest
$2,156/mo
Down Payment (5%)
$17,495
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 48160.
Estimated Monthly Payment
$2,315
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