49707 — Presque Isle County, Michigan Market Snapshot
Housing market data for zip code 49707 in Presque Isle County, Michigan. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 2 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Presque Isle County county page for broader data.
Market Sales Data
2 sales in 2026 (year to date)
Median Sale Price
$196,750
Days to Sell
22
Homes Sold
2
Inventory
1
Conforming Loan Available
Most homebuyers in 49707 can comfortably use conventional financing. The median home price of $196,750 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 49707 are moving quickly at 22 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Conforming Loan Feasibility
Most homebuyers in 49707 can comfortably use conventional financing. The median home price of $196,750 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 49707 are set at the county level.
2026 Loan Limits — Presque Isle 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 49707
To purchase the median home at $196,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,657.
Monthly Payment
$1,657
Income Required
$71,033
Principal & Interest
$1,212/mo
Down Payment (5%)
$9,838
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 49707.
Estimated Monthly Payment
$1,368
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