48034 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48034 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
14 sales in 2026 (year to date)
Median Sale Price
$175,500
Days to Sell
62
Homes Sold
14
Inventory
9
Sale-to-List
98.5%
New Listings
17
Price/SqFt
$107
Pending Sales
21
Conforming Loan Available
Most homebuyers in 48034 can comfortably use conventional financing. The median home price of $175,500 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
With homes sitting for 62 days on average, 48034 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 48034 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48034 can comfortably use conventional financing. The median home price of $175,500 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 48034 are set at the county level.
2026 Loan Limits — Oakland 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 48034
To purchase the median home at $175,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,495.
Monthly Payment
$1,495
Income Required
$64,056
Principal & Interest
$1,081/mo
Down Payment (5%)
$8,775
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 48034.
Estimated Monthly Payment
$1,236
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