48829 — Montcalm County, Michigan Market Snapshot
Housing market data for zip code 48829 in Montcalm County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$214,500
Days to Sell
39
Homes Sold
10
Inventory
6
Sale-to-List
97.6%
New Listings
14
Price/SqFt
$131
Pending Sales
13
Conforming Loan Available
Most homebuyers in 48829 can comfortably use conventional financing. The median home price of $214,500 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
48829's market is balanced with homes taking an average of 39 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 48829 sells for 2.4% below asking price (97.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48829 can comfortably use conventional financing. The median home price of $214,500 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 48829 are set at the county level.
2026 Loan Limits — Montcalm 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 48829
To purchase the median home at $214,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,793.
Monthly Payment
$1,793
Income Required
$76,861
Principal & Interest
$1,322/mo
Down Payment (5%)
$10,725
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 48829.
Estimated Monthly Payment
$1,477
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