48164 — Monroe County, Michigan Market Snapshot
Housing market data for zip code 48164 in Monroe County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
25 sales in 2026 (year to date)
Median Sale Price
$319,900
Days to Sell
35
Homes Sold
25
Inventory
21
Sale-to-List
99.5%
New Listings
28
Price/SqFt
$189
Pending Sales
25
Conforming Loan Available
Most homebuyers in 48164 can comfortably use conventional financing. The median home price of $319,900 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
48164's market is balanced with homes taking an average of 35 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 48164 (99.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48164 can comfortably use conventional financing. The median home price of $319,900 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 48164 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 48164
To purchase the median home at $319,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,601.
Monthly Payment
$2,601
Income Required
$111,470
Principal & Interest
$1,971/mo
Down Payment (5%)
$15,995
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 48164.
Estimated Monthly Payment
$2,130
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