48708 — Bay County, Michigan Market Snapshot
Housing market data for zip code 48708 in Bay County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
73 sales in 2026 (year to date)
Median Sale Price
$128,500
Days to Sell
39
Homes Sold
73
Inventory
68
Sale-to-List
98.9%
New Listings
118
Price/SqFt
$103
Pending Sales
98
Conforming Loan Available
Most homebuyers in 48708 can comfortably use conventional financing. The median home price of $128,500 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
48708's market is balanced with homes taking an average of 39 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 48708 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48708 can comfortably use conventional financing. The median home price of $128,500 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 48708 are set at the county level.
2026 Loan Limits — Bay 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 48708
To purchase the median home at $128,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,135.
Monthly Payment
$1,135
Income Required
$48,623
Principal & Interest
$792/mo
Down Payment (5%)
$6,425
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 48708.
Estimated Monthly Payment
$945
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