48040 — St. Clair County, Michigan Market Snapshot
Housing market data for zip code 48040 in St. Clair County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
32 sales in 2026 (year to date)
Median Sale Price
$266,500
Days to Sell
16
Homes Sold
32
Inventory
20
Sale-to-List
99.8%
New Listings
43
Price/SqFt
$180
Pending Sales
44
Conforming Loan Available
Most homebuyers in 48040 can comfortably use conventional financing. The median home price of $266,500 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
Homes in 48040 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48040 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48040 can comfortably use conventional financing. The median home price of $266,500 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 48040 are set at the county level.
2026 Loan Limits — St. Clair 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 48040
To purchase the median home at $266,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,192.
Monthly Payment
$2,192
Income Required
$93,936
Principal & Interest
$1,642/mo
Down Payment (5%)
$13,325
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 48040.
Estimated Monthly Payment
$1,799
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 48040. Tell us what you're looking for.