48609 — Saginaw County, Michigan Market Snapshot
Housing market data for zip code 48609 in Saginaw County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
53 sales in 2026 (year to date)
Median Sale Price
$209,000
Days to Sell
9
Homes Sold
53
Inventory
22
Sale-to-List
99.9%
New Listings
59
Price/SqFt
$139
Pending Sales
63
Conforming Loan Available
Most homebuyers in 48609 can comfortably use conventional financing. The median home price of $209,000 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
48609 is an extremely competitive market with homes selling in just 9 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48609 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48609 can comfortably use conventional financing. The median home price of $209,000 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 48609 are set at the county level.
2026 Loan Limits — Saginaw 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 48609
To purchase the median home at $209,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,751.
Monthly Payment
$1,751
Income Required
$75,055
Principal & Interest
$1,288/mo
Down Payment (5%)
$10,450
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 48609.
Estimated Monthly Payment
$1,443
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