48650 — Arenac County, Michigan Market Snapshot
Housing market data for zip code 48650 in Arenac County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
20 sales in 2026 (year to date)
Median Sale Price
$172,000
Days to Sell
36
Homes Sold
20
Inventory
23
Sale-to-List
99.6%
New Listings
32
Price/SqFt
$119
Pending Sales
24
Conforming Loan Available
Most homebuyers in 48650 can comfortably use conventional financing. The median home price of $172,000 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
48650's market is balanced with homes taking an average of 36 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 48650 (99.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48650 can comfortably use conventional financing. The median home price of $172,000 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 48650 are set at the county level.
2026 Loan Limits — Arenac 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 48650
To purchase the median home at $172,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,468.
Monthly Payment
$1,468
Income Required
$62,906
Principal & Interest
$1,060/mo
Down Payment (5%)
$8,600
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 48650.
Estimated Monthly Payment
$1,214
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 48650. Tell us what you're looking for.