48502 — Genesee County, Michigan Market Snapshot
Housing market data for zip code 48502 in Genesee County, Michigan. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Genesee County county page for broader data.
Market Sales Data
1 sales in 2025
Median Sale Price
$196,000
Days to Sell
54
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 48502 can comfortably use conventional financing. The median home price of $196,000 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
48502's market is balanced with homes taking an average of 54 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 48502 can comfortably use conventional financing. The median home price of $196,000 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 48502 are set at the county level.
2026 Loan Limits — Genesee 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 48502
To purchase the median home at $196,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,652.
Monthly Payment
$1,652
Income Required
$70,787
Principal & Interest
$1,208/mo
Down Payment (5%)
$9,800
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 48502.
Estimated Monthly Payment
$1,363
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